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Published: Tuesday, 4/30/2013 - Updated: 1 year ago

Fremont, Tiffin firms get tax credit to expand

BY JON CHAVEZ
BLADE BUSINESS WRITER

The Ohio Tax Authority on Monday approved tax credits for two projects in northwest Ohio that are expected to create a combined 90 jobs and generate additional annual payrolls totaling $4.1 million.

National Machinery LLC and NM Group Global LLC in Tiffin have received a 45 percent, six-year Job Creation Tax Credit for an expansion project in the city that will create 64 full-time jobs. The project will generate an added $2.6 million payroll at the company. The tax credits also will help preserve the company’s existing $20 million annual payroll.

National Machinery designs, develops, and manufactures cold-forming machines that produce metal parts for coiled wire, bars, slugs, and preforms.

Rexam Beverage Can Co. of Fremont will receive a 40 percent, six-year Job Creation Tax Credit for an expansion project that is expected to create 26 new full-time jobs and generate an added $1.5 million in payroll at the firm. It also will help retain the company’s existing $7.1 million in payroll.

Rexam Beverage Can is a manufacturer of cans used by the beverage industry.



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