Three new projects in Ohio will create more than 1,200 jobs, retain another 700 and generate $65 million in new payroll in the Akron, Columbus and Cincinnati regions.
Gov. Mike DeWine, Lt. Gov. Jim Tressel and Ohio Department of Development Director Lydia Mihalik announced the approval of the three projects in a July 28 press release after the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners.
The projects are expected to generate more than $13 million in investments across the state. Here’s a look at the three projects and where they will be located.
Great Day Improvements expands in Akron, Cincinnati regions
Great Day Improvements, LLC, is expanding to Sharonville in Hamilton County, Twinsburg in Summit County, and Walton Hill and Bedford Heights in Cuyahoga County.
The company “is a leading direct-to-consumer provider and manufacturer of premium home improvement products,” according to DeWine’s release. It has more than 300 locations nationwide, according to its website.
In Northeast Ohio, the project is expected to create 421 full-time jobs with $22 million in annual payroll. The proposed project includes the reallocation of business across multiple locations and the acquisition of a new facility to increase efficiency and expand manufacturing capabilities. TCA approved a 1.743 percent, 10-year Job Creation Tax Credit for the project.
In Southwest Ohio, Great Day Improvement’s project is expected to create 583 full-time jobs with $30 million in new payroll annually. The proposed project includes the addition of multiple shifts to their weekly production schedule to expand manufacturing capabilities. TCA approved a 1.743 percent, 10-year Job Creation Tax Credit for the project.
The Cincinnati Enquirer reports that Great Day Improvements started as two Cleveland-based brands – Patio Enclosures and Stanek Windows. It has since acquired several others, including Leafguard, Champion Windows and Apex Energy Solutions.
Picanova relocating from Arizona to Obetz, near Columbus
Picanova Inc., a decorative and lifestyle accessories manufacturer, expects to create 246 full-time jobs with $13 million in annual payroll in Obetz, south of Columbus in Franklin County, when it relocates its Arizona operations to Ohio.
According to DeWine’s release, Picanova is “one of the largest producers of custom wall décor in the world.” TCA approved a 1.599 percent, nine-year Job Creation Tax Credit for the project.
This article originally appeared on The Columbus Dispatch: DeWine locks in $65 million worth of new jobs near Akron, Columbus, Cincinnati
Reporting by Chad Murphy, Columbus Dispatch / The Columbus Dispatch
USA TODAY Network via Reuters Connect
