“Alternative energy solutions provide an opportunity for Ohio to capture the gains of the advanced energy supply chain,” said Lieutenant Governor Lee Fisher, who also serves as Director of the Ohio Department of Development. “By adapting our existing manufacturing base to accommodate for advanced energy components, Ohio will reinforce our current strengths in an array of industry sectors from information technology to logistics and distribution.”

By 2025, Ohio is estimated to have more than 5,800 megawatts of new advanced energy capacity due to the landmark energy policy signed by Governor Ted Strickland on May 1, 2008. The Advanced Energy Portfolio Standard, an integral component of the energy law, requires investor-owned electric utilities to supply 25 percent of their retail sales from advanced energy sources with at least 12.5 percent from renewable energy. Annual benchmarks for renewable energy and energy efficiency will also be established beginning in 2009. These provisions will dramatically expand the market for these emerging industries.

Remaining seminars:

November 18, 1:00 p.m. to 5:00 p.m., Location TBA, Columbus

November 20, 1:00 p.m. to 5:00 p.m., Washington State Community College, Marietta

November 25, 1:00 p.m. to 5:00 p.m., Kent State Tuscarawas, New Philadelphia

December 2, 8:30 a.m. to Noon, North Central State College, Shelby

December 4, 1:00 p.m. to 5:00 p.m., Endeavor Center, Piketon

December 16, 1:00 p.m. to 5:00 p.m., Mound Advanced Technology Center, Miamisburg

The seminars are free to the public and sponsored by the Ohio Department of Development, Ohio Air Quality Development Authority, and Ohio’s Regional Economic Development Directors. The events have been organized in every region of the state to provide information on technical resources, grants and incentives to help Ohio companies retool manufacturing capacities and retrain work forces to produce components for the advanced energy industries.

Working with our partners across business, state and local governments, academia, and the non-profit sector, the Ohio Department of Development works to attract, create, grow, and retain businesses through competitive incentives and targeted investments. Engaged every day in marketing, deal-making, innovating, investing, and collaborating, the Ohio Department of Development works at the speed of business to accelerate and support the teamwork that is absolutely necessary for success by providing financial, informational, and technical assistance to those making an investment in Ohio’s future. Media Contact: Robert Grevey (614) 466 6619
Communications & Marketing Office (614) 466 2609.

“Our state’s commitment to the growth of opportunity and prosperity for all Ohioans is evidenced by today’s investments in these companies,” said Lt. Governor Lee Fisher, who also serves as Director of the Ohio Department of Development. “Ohio’s welcoming business environment and forward-thinking tax structure work in concert to build a bright future for both multinational corporations and innovative start-ups.”

S&P Data, LLC, (SP Data), to be located in the Village of Richfield (Summit County), has been awarded a 35 percent job creation tax credit for a five-year term for the establishment of a new facility in the Village of Richfield. The value of the tax credit is estimated at $311,231 over the term, and the company would be required to maintain operations at the project site for 10 years. A call center industry leader, SP Data employs 700 people globally. SP Data provides outsourced inbound customer care service to multi-national corporation clients. The project in Richfield involves leasing an existing vacant building. This $175,000 project is expected to create 400 positions within three years of the project’s initial operations.

Cellco Partnership dba Verizon Wireless, located in the City of Dublin (Franklin County), has been awarded a 40 percent job creation tax credit for a five-year term for an expansion project in the City of Dublin. The value of the tax credit is estimated at $253,427 over the term, and the company would be required to maintain operations at the project site for 10 years. Verizon owns and operates one of the nation’s largest wireless networks, serving more than 67.2 million customers. Cellco Partnership is headquartered in Basking Ridge, NJ, and is a partnership between Verizon Communications Inc. and Vodafone Group Plc, who do business under the name Verizon Wireless. The project in Dublin is expected to create 200 positions and retain 1,200 jobs.

Kennametal, Inc. (Kennametal), located in the Village of Whitehouse (Lucas County), has been awarded a 40 percent job creation tax credit for a five-year term for the expansion of its facility in the Village of Whitehouse. The value of the tax credit is estimated at $87,301 over the term, and the company would be required to maintain operations at the project site for 10 years.Kennametal, established as McKenna Metals Company in 1938, manufactures and sells tooling, engineered components, and advanced materials used in production processes. The project in the Village of Whitehouse includes expansion of Kennametal’s manufacturing facility. This $10 million project is expected to create 42 positions and retain 86 jobs within three years of the project’s initial operations.

Engauge, located in the City of Columbus (Franklin County), has been awarded a 45 percent job creation tax credit for a five-year term for the expansion of its facility in the City of Columbus.  The value of the tax credit is estimated at $234,366 over the term, and the company would be required to maintain operations at the project site for 10 years. Engauge is an interactive marketing company with capabilities in advertising, media planning, brand communication, data driven direct marketing, and digital interactive services. The expansion will increase the company’s physical footprint to accommodate web and creative developers as well as management staff to grow the company’s marketing capabilities. The project in Columbus includes renewal of current lease and expansion into additional space in the same building. This $300,000 project is expected to create 50 positions and retain 90 jobs within three years of the project’s initial operations.

Shore To Shore, Inc., (STS), located in the City of Miamisburg (Montgomery County), has been awarded a 45 percent job creation tax credit for a five-year term for the expansion of its facility in the City of Miamisburg.  The value of the tax credit is estimated at $48,162 over the term, and the company would be required to maintain operations at the project site for 10 years. Founded in 1991, STS has expanded from merchandise identification labels to being a provider of a full line of brand packaging items. The company employs 90 people in the United States and 1,079 worldwide. The project in Miamisburg involves expansion of its current production facilities and the purchase of machinery and equipment. This $1.5 million project is expected to create 25 positions and retain 75 jobs within three years of the project’s initial operations.

Hydro Systems Company, (Hydro), located in the City of Cincinnati (Hamilton County), has been awarded a 45 percent job creation tax credit for a six-year term for the expansion of its facility in the City of Cincinnati.  The value of the tax credit is estimated at $80,308 over the term, and the company would be required to maintain operations at the project site for 12 years. Established in 1963, Hydro is the world’s largest manufacturer of proportioning and dispensing systems, serving multiple markets and maintaining headquarters in Cincinnati. The project in Cincinnati includes construction of a new 20,000 square-foot facility adjacent to its existing operations. This $1.1 million project is expected to create 31 positions and retain 125 jobs within three years of the project’s initial operations.

Pepsi-Cola General Bottlers of Ohio, Inc., (Pepsi-Cola), located in the City of Toledo (Lucas County), has been awarded a 45 percent job creation tax credit for a six-year term for the expansion of its facility in the City of Toledo.  The value of the tax credit is estimated at $65,209 over the term, and the company would be required to maintain operations at the project site for 12 years. Pepsi-Cola is a production- and distribution-focused subsidiary of PepsiAmericas, Inc., which maintains operations in the United States and Europe, and employs 14,000 people worldwide. The project in Toledo includes installation of machinery and equipment. This $12.5 million project is expected to create 25 positions within three years of the project’s initial operations and retain 70 jobs for the term of the tax credit.

Schwab Corporate and Retirement Plan Services, Inc., (SCRS), located in the Village of Richfield (Summit County), has been awarded a 60 percent job creation tax credit for an eight-year term for the expansion of its facility in the Village of Richfield.  The value of the tax credit is estimated at $2 million over the term, and the company would be required to maintain operations at the project site for 16 years. SCRS’s parent company, the Charles Schwab Corporation, was incorporated in 1976 and is one of the nation’s leading providers of financial services. Through its operating subsidiaries, it provides securities brokerage, banking, money management and financial advisory services to individual investors, independent investment advisors and corporate and retirement plan sponsors and participants. The project in Richfield includes retrofitting existing commercial office space and an expansion of existing parking facilities. This $3.2 million project is expected to create 150 positions and retain 572 jobs within three years of the project’s initial operations.

Nationwide Mutual Insurance Company, (Nationwide), located in the Village of New Albany (Franklin County), has been awarded a 50 percent job creation tax credit for a five-year term for the establishment of a new location in the Village of New Albany.  The value of the tax credit is estimated at $180,548 over the term, and the company would be required to maintain operations at the project site for 10 years. Nationwide, in its 80-year history, has grown to become one of the largest insurance and financial services firms in the world. The project in New Albany will involve construction of a new office building to accommodate a data center. This $180 million project is expected to create 40 positions within three years of the project’s initial operations.

SelectTech Services Corporation, (SelectTech), located in the City of Springfield (Clark County), has been awarded a 50 percent job creation tax credit for a six-year term for the expansion of its facility in the City of Springfield.  The value of the tax credit is estimated at $464,724 over the term, and the company would be required to maintain operations at the project site for 10 years. Established in 1982, SelectTech provides engineering support, test and evaluation, and information technology services to the aerospace defense industries. Based in Centerville, the company currently employs 130 people servicing the Wright Patterson Air Force Base. The project in Springfield includes using the county airport for demonstration, testing, and delivery of communication products. This $4.2 million project is expected to create 100 positions within three years of the project’s initial operations.

Modular Genetics, Inc., (Modular), proposing a location in the City of Dublin (Franklin County), has been awarded a 50 percent job creation tax credit for a seven-year term for the location of its facility in the City of Dublin.  The value of the tax credit is estimated at $588,169 over the term, and the company would be required to maintain operations at the project site for 14 years. Modular was incorporated in 2000 and designs and develops microorganisms to synthesize chemicals using renewable materials to produce high-value specialty chemicals and polymers. The project is comprised of two phases. Phase one involves the creation of a pilot-scale biorefinery; phase two will involve construction of full scale biorefinery facility and the acquisition of machinery and equipment. This $175.5 million project is expected to create 130 positions within three years of the project’s initial operations of phase two.

RevWires LLC, (RevWires), located in the City of Troy (Miami County), has been awarded a 50 percent job creation tax credit for a seven-year term for the expansion of its facility in the City of Troy.  The value of the tax credit is estimated at $330,916 over the term, and the company would be required to maintain operations at the project site for 14 years. RevWires, established in 2007, manufactures a propriety blend of flux-cored welding wire employed by users in the oil, gas, and shipbuilding industries. The project in Troy includes building a new leased facility and the purchase of machinery and equipment. This $10 million project is expected to create 50 positions within three years of the project’s initial operations and retain one job for the term of the tax credit.

Advanced Testing Laboratory, Inc., Advanced Testing Management Group, Inc., & Diamond Consulting LLC, (ATL), located in the City of Blue Ash (Hamilton County), has been awarded a 55 percent job creation tax credit for a six-year term for the expansion of its facility in the City of Blue Ash.  The value of the tax credit is estimated at $614,400 over the term, and the company would be required to maintain operations at the project site for 12 years. Advanced was founded in 1987 and offers professional lab services in the areas of analytical chemistry and microbiology testing solutions for applications in a number of industries. The project in Blue Ash includes expansion and construction on the company’s existing facility. This $2 million project is expected to create 200 positions within three years of the project’s initial operations and retain 170 jobs for the term of the tax credit.

Eaton Corporation, (Eaton), located in the City of Cleveland (Cuyahoga County), has been awarded a 75 percent job creation tax credit for a 15-year term for the relocation and expansion of its global headquarters to the City of Beachwood (Cuyahoga County).  The value of the tax credit is estimated at $17 million over the term, and the company would be required to maintain operations at the project site for 30 years. Founded in 1911 and headquartered in Cleveland, Eaton is a market leader in electrical systems for a variety of end uses. Eaton employs 82,000 people globally, 3,500 individuals in Ohio, and does business in more than 150 countries. The project in Beachwood involves construction of a new 470,000 square foot worldwide headquarters in the Chagrin Highlands area of Beachwood. This $170 million project is expected to create 177 positions within three years of the project’s initial operations and relocate and retain 509 jobs for the term of the tax credit.

Eaton Corporation & Eaton Electrical, (Eaton), located in the City of Cleveland (Cuyahoga County), has been awarded a 55 percent job retention tax credit for a 15-year term for retention of its manufacturing and headquarters operations in Cuyahoga County.  The value of the tax credit is estimated at $30 million over the term, and the company would be required to maintain operations within Cuyahoga County – at facilities comprising the project site – for 18 years. Founded in 1911 and headquartered in Cleveland, Eaton is a market leader in electrical systems for a variety of end uses. Eaton employs 82,000 people globally, 3,500 individuals in Ohio, and does business in more than 150 countries. The project involves construction of a new 470,000 square foot headquarters in the Chagrin Highlands area of the City of Beachwood, as well as the continuation of operations at other identified facilities in Cuyahoga County. This $170 million project is expected to retain 1,000 jobs for at least 18 years.

The Job Creation Tax Credit is a refundable tax credit against the Commercial Activity Tax or income tax. The Job Retention Tax Credit is a non-refundable tax credit against the Commercial Activity Tax or income tax. The credits equal a percentage of new state income tax withheld on retained, full-time employees in Ohio.   The Ohio Tax Credit Authority is a five-member independent board consisting of taxation and economic development professionals from throughout the state that is responsible for reviewing and approving applications for state tax credit assistance. The Authority also has oversight responsibilities that include monitoring and reporting the progress of approved tax credit projects. The Ohio Tax Credit Authority’s approval of incentives indicates the state’s commitment to the company, and precedes a final decision of the company to accept or decline the tax incentives approved.