2 companies considering village for new locationsJuly 31, 2014
SOUTH POINT — A bio-diesel fuel producer and a healthcare billing and records company have gotten tax credits from Gov. John Kasich’s office. Both operations are eyeing South Point for their location.
Kasich’s office announced the tax credits as part of 11 companies statewide planning to invest $131 million in the state.
SGP South Point LLC is considering 60 acres at The Point industrial park that could bring 100 full-time jobs to the county generating $5.5 million in payroll for the Village of South Point.
The company has been considering The Point for some time, according to Dr. Bill Dingus, executive director of the Lawrence Economic Development Corporation.
“SGP South Point is a producer of renewable bio-diesel fuels using waste oils, fats and other waste-related extracts,” according to Kasich’s communication department.
The other company is iHealth Solutions LLC, a Peston, Va.-based billing and records company that would like to move part of its operation into South Point. It would plan to create 75 full-time positions with a $3 million payroll.
SGP South Point was approved for a 55 percent, eight-year Job Creation Tax Credit and iHealth would get 50 percent seven-year tax credits for its project.
“Collectively, all projects are expected to result in $73,434,938 in new payroll and spur more than $470,785,241 in investment across Ohio,” according to the governor’s office.
By Benita Heath
Ironton Tribune, July 31, 2014