TIFFIN - This Seneca County city's gain is a neighboring community's loss.
A Toledo company that is relocating part of its business to a Tiffin industrial park is among 16 Ohio companies approved for tax credit by the Ohio Tax Credit Authority.
Toledo Molding & Die, Inc., will receive a 60 percent tax credit for seven years to relocate and expand its auto parts business. The plan involves moving its Sycamore operation to a new 192,000-square-foot building in Tiffin, which was in competition with three other states for the $14 million project.
The move will provide 65 new jobs within the first three years of operation in Tiffin and relocate 147 workers from Sycamore, a small town in Wyandot County, about 25 miles south of Tiffin.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.