Ohio Manufacturing: Growing in Multiple Areas
October is known as manufacturing month and after this October; Ohio has a lot to look forward to in terms of manufacturing and its future. Ohio has a long history of excellence when it comes to manufacturing and it continues to grow, whether that is through expansion or companies relocating to the state.
One company from Italy had made the choice to move to Ohio, and has chosen a new 1.4 million square foot manufacturing facility in Circleville, Ohio. And while jobs figures and other specifics have yet to be disclosed, this manufacturing plant will open in 2017 but the company expects to begin hiring in 2016.
Another company that specializes in manufacturing food processing equipment has moved to central Ohio and plans to spend $850,000 in the expansion process while adding 13 different jobs. The company made the move from Chicago and has cited tax breaks as the reason for moving. The Ohio Tax Credit Authority approved the tax breaks as long as the company provides the creation of $700,000 in new annual payroll.
These types of tax breaks have been handed out to multiple companies in order to increase employment within the state and continue on an upward trend. Bell, Inc. a paper board carton manufacturer is opening their first Eastern United States facility in Ohio thanks to similar tax incentives. The company is looking to invest $30 million dollars into a 165,000 square foot facility that is located in the Columbus area. Bell is one of the fastest growing packaging companies in North America and will be looking to hire press operators, machine operators and other production employees as early as next year.
Another high point to mention is that Ohio is the leader when it comes to manufacturing components that are needed for the wind-energy industry. There are more than sixty different facilities within the state that are manufacturing products for this field such as fiberglass and steel blades, tower and turbine parts, and many others. This is starting to gain the attention of big companies like Amazon who are looking to lower their overall energy costs, as they prefer to power their data centers off solar and wind power rather than the alternatives.
As you can see Ohio has a lot to offer in terms of manufacturing, and has laid down the frame work for this growth to continue in the future. As a country we are becoming more and more aware of the impact we have on the environment and as wind power is starting to gain traction, look for Ohio to benefit from the uptick in business.
So whether it is from environmentally friendly business or simply businesses taking advantage of beneficial tax incentives. The manufacturing sector in Ohio is growing and that trend should continue for the foreseeable future.