Tuesday, Jul 26, 2016
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Economy

State gives manufacturer tax credits for expansion

COLUMBUS — A resin manufacturer in Sandusky County was awarded state tax credits Monday to aid an expansion project at its plant in the city of Bellevue.

Mitsubishi Chemical Performance Polymers Inc. received a 40 percent, six-year Job Creation Tax Credit from the Ohio Tax Credit Authority for its project which the firm said will create 25 full-time jobs, add $1.5 million to its annual payroll. The tax credit will help it retain its work force, which has a $5.2 million payroll.

The company develops and manufactures resins.

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