COSHOCTON – A possible expansion of Kraft’s local facility would bring 300 manufacturing positions to Coshocton — a turning point for the county that has lost almost half of its manufacturing jobs in the last 14 years.
Monday, the Ohio Tax Credit Authority approved a 60 percent, 10-year tax credit to Kraft Foods Group Inc. for the creation of 300 full-time equivalent jobs by 2018.
The jobs would be in manufacturing, said Kraft representative Joyce Hodel, and would pay an average of $14 an hour depending on the skill and training level of the employee.
Almost doubling the current workforce, the creation of these jobs would generate $8.7 million in additional payroll to the $14 million already annually generated in the county by Kraft. To retain the tax credit, Kraft would have to maintain operations at its Coshocton location for at least 13 years.
$10 Billion Initiative Announced at White House
Two Athens County development leaders were in Washington D.C. this past week for the announcement of a $10 billion initiative to promote rural economic development.
The U.S. Rural Infrastructure Opportunity Fund is designed to grow local economies by increasing access to capital for infrastructure projects and speeding up the process of infrastructure improvements.
Appalachian Partnership for Economic Growth President John Molinaro and Rural Action CEO Michelle Decker went to the White House Wednesday for a meeting of the White House Rural Council. Approximately 80 people were invited to attend.
The next day they participated in the first-ever White House Rural Opportunity Investment Conference. The conference brought together business and financial community leaders, federal government officials, rural development experts, and others to promote investment opportunities in America’s rural areas.
Three Rivers Energy is investing an additional $10 million into its Coshocton facility because of its production being higher than original estimates.
Company President Jim Galvin said a new storage bin doubling current corn capacity to 1 million bushels will be completed by October and a new system for production of corn oil is targeted to be online Aug. 1.
The biofuels refinery originally was predicted to make about 45 million gallons of ethanol per year when it started production last October. Galvin said that’s closer to 50 million gallons now, and they hope to be above that in three years. He credits that to a growing ethanol market and the hard work of the 35-person local staff. Along with ethanol, they make distillers grains to feed livestock and corn oil. Production of carbon dioxide,…
McCONNELSVILLE-Gov. John Kasich visited Southeast Ohio Thursday to officially announce the expansion of an international company with a base in McConnelsville.
Miba Sinter USA, LLC officially opened its new production facilities with an expansion of more than 42,000 square feet, and announced that the expansion will bring in more than 100 new high-tech manufacturing jobs in the next few years.Kasich, alongside JobsOhio, a private, nonprofit organization that promotes job creation and economic development for Ohio, granted the company approximately $50,000 in grants to train new workers in the hopes of strengthening the job market in Ohio.
“This is a hopeful sign for all of Ohio and all of Appalachia,” Kasich said. “We’re your partners, and if you’re successful, the people of Morgan County will be successful, and that’s what we’re here for.”
The company is a subsidiary of the Austrian Miba group, which produces high quality precision auto parts, with everything from gears…
MCCONNELSVILLE — During its four years of local production, Miba Sinter USA has been met with so much success, it has doubled the size of its production facility, and expects to create 100 high-paying jobs within the next three years.
Miba Sinter, a faction of the Austrian-based Miba Group, produces high-precision automobile parts used in transmission, steering and other systems for the majority of large production companies including BMW, Audi, Volvo and GM. The McConnelsville plant began production in 2010, moving into a facility next to the Miba Bearings USA plant built in 2001.
In the four years it’s been producing parts, Miba Sinter has continued to win contracts and build its clientele, necessitating the doubling of its original facility size and the expansion of its workforce. Starting with only 25 workers, the plant now has 121 employees on its payroll, with an expected 100 more technicians and production specialists to be…
CHILLICOTHE — The Ohio Tax Credit Authority has approved a five-year tax incentive for a Washington-based manufacturer that plans to bring more than 50 jobs to Chillicothe.
Consolidated Metco, which builds engineered components for the transportation industry, already has manufacturing facilities in Oregon, Tennessee, North Carolina, Mexico and China. The company expects to create 55 full-time positions, with an estimated $2.3 million in annual payroll, at its new Chillicothe facility.
The 45 percent tax credit was one of 14 tax credit projects announced Monday by Gov. John Kasich.
Consolidated Metco, or ConMet as it’s known, is a major supplier to heavy-duty truck makers such as Kenworth, which also is based in Washington. ConMet announced in March that its PreSet Plus hub assemblies would be standard on all Kenworth Class 8 trucks, which are built at Kenworth plants in Chillicothe and Renton, Washington.
ConMet will lease…