Presented Hometown-Motors, Inc.
(Columbus)—Ohio Governor Mike DeWine and Lt. Governor Jon Husted have announced the approval of assistance for 12 projects set to create 2,426 new jobs and retain 3,252 jobs statewide. During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $108 million in new payroll and spur more than $162 million in investments across Ohio.
Two of these projects will be in southern Ohio:
R.K. Administrative Services (Rural King Supply), Seal Township (Pike Co.), expects to create 200 full-time positions, generating $7.7 million in new annual payroll and retaining $21.7 million in existing payroll as a result of the company’s new project in Seal Township. Rural King Supply provides a mixed retail product line of livestock feed, farm equipment, agricultural parts, lawn mowers, workwear, fashion clothing, housewares, and toys. The TCA approved a 1.278 percent, seven-year Job Creation Tax Credit for this project.
Engineered Profiles LLC, Hamilton Township (Lawrence Co.), expects to create 55 full-time positions, generating $2.3 million in new annual payroll as a result of the company’s new project in Hamilton Township. Engineered Profiles manufactures extruded plastics products for building supplies, transportation, medical devices, and other industries. The TCA approved a 1.131 percent, six-year Job Creation Tax Credit for this project.
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