State OKs tax credits for two local expansions

The Ohio Tax Credit Authority Monday approved tax credits for seven projects set to create 675 new jobs and retain 1,186 jobs statewide, including a pair of business expansions in the Dayton area.

Collectively, the projects are expected to result in $30 million in new payroll, and spur more than $25 million in investment across Ohio, the Tax Credit Authority said in a statement.

Locally, the approved projects are:

STP Products Manufacturing Co., in Dayton expects generate $7.5 million in new annual payroll and retaining $3.2 million in existing payroll as a result of the company’s consolidation project in Dayton.

Spectrum Brands Global Auto Care said in June it will build a 570,000-square-foot distribution and manufacturing operation for an auto care products business at the Dayton International Airport.

NorthPoint Development, Inc., based in the Kansas City, Mo. area, will develop the facility that is scheduled to open in early 2017. Spectrum Brands has said it expects to have about 350 employees in Dayton.

STP Products is a global consumer products company, part of Spectrum Brands, specializing in automotive performance and appearance products. The authority approved a 1.217 percent, seven-year job creation tax credit for this project.

Also, United Grinding North America, Inc., in Miamisburg, expects to create 41 full-time positions, generating $3.9 million in new annual payroll and retaining $9.8 million in existing payroll as a result of the company’s consolidation.

United Grinding manufactures grinding equipment and provides customized programming and tooling expertise for a variety of industries. The authority approved a 1.763 percent, eight-year job creation tax credit for this project.

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