Incentives from state might net 356 jobs
Central Ohio stands to gain 356 jobs, thanks in great part to the plans of a mortgage company, a health-care technology firm and a manufacturer.
The three were among five companies in the region that received state tax incentives Monday from the Ohio Tax Credit Authority.
Homeside Financial’s project calls for the company to add 150 jobs and consolidate them and its 116 existing local workers at a new location in central Ohio.
Homeside Financial has local operations Downtown and at Easton, and it has grown to more than 400 employees at 34 locations, mostly in the Midwest, South and California.
The new workers will sell and service mortgages. The new jobs have an annual payroll of $9.5 million.
The tax credits have an estimated value of $1.35 million.
“We are thrilled to more than double our presence in the Columbus region,” said Dan Snyder, the company’s co-founder and managing partner, in a statement.
“Columbus is a prime location for expansion because of the booming market growth and superior talent.”
Four other central Ohio projects were offered tax credits Monday:
Health-care information-technology company InXite Health Systems plans to create 100 jobs in Columbus with an annual payroll of $4.9 million. The company has eight employees here.
The company operates at the Dublin Entrepreneurial Center, but it will move to 1 E. Campus View Blvd. in Columbus.
The company plans to invest $1.1 million in training and $300,000 in building renovations, furniture and equipment.
“We are poised to become a leader in the industry and eager to expand and utilize central Ohio’s uniquely skilled and motivated workforce to improve our health-care system,” James Paat, the company’s president and CEO, in a statement.
While the company has promised the state that it will create 100 jobs, it says it has a goal of adding 163, with hiring expected to start by the end of June.
The tax credits have an estimated value of $475,000.
Ohio Pack, a manufacturer of raw material used in flexible packaging for the food industry, plans to open a plant in Heath and has promised the state that it will hire a minimum of 55 workers with an annual payroll of $3.8 million.
The 135,000-squarefoot facility will manufacture brown plastic film. It will be built on 20 acres at the Central Ohio Aerospace & Technology Center.
The company said it will invest $13 million toward building costs and $12.4 million for machinery and equipment.
Hiring will begin in 2018. Ohio Pack said it plans to create 11 more jobs than it has promised the state it will.
The tax credits have an estimated value of $375,000.
Keno Kozie Associates, an information-technology company with a focus on law firms, plans to create an operations center in Columbus that will employ 36 workers with an annual payroll of $1 million.
The Chicago-based company has not announced a location. It said it plans to begin hiring in May.
The tax credits have an estimated value of $50,000.
Nucor will retain 259 jobs and add 15 as part of an $85 million upgrade to its steel mill in Marion that makes rebar and sign posts for the highway industry.
The 15 jobs will have an annual payroll of $1.5 million. The existing 259 jobs have a payroll of $23 million.
The tax credits have a value of $200,000.
The state agency approved seven projects in all. In total, they are expected to create 641 jobs statewide with more than $32 million in payroll. The projects also will retain 846 jobs and are expected to spur $167 million in investments.