Ohio Economic Development Grants Create 703 Jobs
Ohio‚Äôs Controlling Board recently approved nearly $1.2 million in economic development grants, which will help a number of manufacturers expand or upgrade their operations.¬†The grants, which leverage more than $110 million in investment by the companies and agencies that will receive them, are expected to create 703 jobs and retain 1,783 positions, according to the state.
In addition to several cities that will receive money for road improvement projects, according to the state:
–¬†ConAgra Foods LLC will receive a $400,000 Rapid Outreach Grant for the acquisition of new machinery and equipment at its Troy, Ohio facility. The company will expand an existing 215,000-square-foot building by an additional 75,000 square feet, allowing for increased manufacturing capabilities and the ability to introduce new products to the market. The more than $46 million project is expected to create 191 jobs and retain 457 positions.
– NCI Group Inc., a manufacturer of metal products for the nonresidential building industry, will receive a $100,000 Rapid Outreach Grant for infrastructure improvements at its newly acquired Middletown, Ohio, facility. The company will upgrade the facility to accommodate metal coating manufacturing operations. The more than $12.7 million project is expected to create 74 jobs.
–¬†Nissin Brake Ohio Inc., a joint venture between American Honda Motor Co. Inc. and Nissin Kogyo Co. Ltd. of Japan, will receive a $20,000 Rapid Outreach Grant for the acquisition of new machinery and equipment at its Findlay, Ohio, facility. The more than $36 million project is expected to create 37 jobs and retain 643 positions.
–¬†Silgan Plastics Corp. will receive a $75,000 Rapid Outreach Grant for the acquisition and installation of new machinery and equipment at its facility in the Village of Ottawa, Ohio. In addition, the company will renovate and convert a portion of the existing 270,000-square-foot building from a distribution center to a manufacturing center, construct a new distribution facility and rail spur, and make infrastructure improvements. The more than $13.2 million project is expected to create 30 jobs and retain 146 positions.