State officials approved tax credits Monday expected to lead to 1,400 new jobs in Dayton and southwestern Ohio.
The Ohio Tax Credit Authority’s approval boosts four job-creating projects in the area.
Chief among those are 600 new full-time jobs tied to a new distribution center for online pet retailer Chewy Inc. near Dayton International Airport and 563 full-time jobs for Crown Equipment Corp., already one of the region’s biggest employers.
AxoGen Processing is looking to create 200 new jobs in Vandalia, and CPG International LLC/TimberTech will create 35 new jobs in Wilmington, according to the Tax Credit Authority.
“Today is an exciting step forward for the Dayton region’s economy,” John Landess, chair of the Dayton Development Coalition’s board of trustees and executive director of the Turner Foundation, said in a prepared statement. “These projects represent the potential for more than 1,300 jobs and $200 million in capital investment from some our region’s largest companies, as well as newcomers to our community.”
In total, the state expects the projects to create 1,398 new jobs. A state spokeswoman put the value of these projects’ tax credits at:
— AxoGen Processing Corporation: $1.1 million
— Chewy, Inc.: $1.75 million
— CPG International LLC: $85,000
— Crown Equipment: $5.05 million
Crown Equipment already has about 4,000 total employees in Troy, New Bremen, Celina, Minster, New Knoxville and Fort Loramie.
On Monday, Crown was approved for a 10-year, 2.013-percent tax credit, with the expectation that the project would create 563 new jobs at a new annual payroll of $28.5 million.
The Crown project involves increasing manufacturing, storage and distribution operations, the state said.
The Ohio Tax Credit Authority agenda also included Chewy Inc.’s Dayton project. The state cautioned that Ohio is competing with Indiana for Chewy.
However, about an hour after the Tax Credit Authority announced the credits, the city of Dayton released a statement welcoming the company and quoting a Chewy official.
Chewy’s new e‐commerce fulfillment center will be on the south side of Lightner Road near Dayton International Airport. The warehouse will cover more than 690,000 square feet, the city said.
“We are thrilled to extend Chewy’s fulfillment operations to Dayton, Ohio, and appreciate the partnership with the city of Dayton, Montgomery County, Dayton Development Coalition and Jobs Ohio in the opening of our newest fulfillment center, our first in the state and eighth in the country,” Gregg Walsh, a Chewy Inc. vice president said in the city’s release.
The Dayton Daily News was the first to report last week that Chewy, an online pet supplies company, was seeking to open a large distribution location near the airport.
Chewy signed a lease for a 690,000-square-foot industrial building with developer NorthPoint, according to a real estate report last week from Colliers International, which recorded the lease as the largest Dayton-area industrial lease of 2018’s third quarter.
The Authority on Monday approved a 1.362-percent, eight-year tax credit for Chewy, with the expectation that the project will create 600 new jobs at an annual payroll of nearly $17 million.
Also on Monday’s Tax Credit Authority agenda, AxoGen Processing Corp. has a project lined up for Vandalia.
The Daily News first reported in August that AxoGen, a Florida medical devices manufacturer, purchased a Vandalia building and land for $5 million. AxoGen Inc., of Alachua, Fla., bought the 2,400-square-foot building at 913 Industrial Park, in the Scholz Industrial Park, for $5 million, Montgomery County property records showed.
“ARC CRVANOH001 LLC” was identified as the seller in the Vandalia sale recorded Aug. 3.
The Tax Credit Authority Monday approved a 16-year, 1.58 percent tax credit for AxoGen, with the expectation that the company will create 200 new full-time jobs at a new annual payroll of $8.24 million.
Finally, CPG International LLC/ the AZEK Co./TimberTech was on the Tax Credit agenda for a project in Wilmington. The company makes composite-material decking products. CPG will receive a 1.1 percent, six-year credit for the creation of 35 new jobs in Wilmington at a new annual payroll of $1.3 million.
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