COLUMBUS — The Ohio Tax Credit Authority on Monday approved tax credits for five northwest Ohio companies, including three Toledo-area companies, that will use the assistance on projects expected to create 232 new jobs with a combined annual payroll of $11.6 million.
The state said they were among 15 companies receiving tax credits that will help create 664 jobs and retain 2,012 jobs statewide.
● Matrix Technologies Inc. of Maumee will get a 50 percent, six-year tax credit to help expand its Maumee operations and create 75 new jobs with a payroll of $4.88 million. Matrix Technologies provides integrated process control and factory automation systems.
● Allermuir USA of Monclova Township was approved for a 55 percent, eight-year tax credit to help construct a new facility to house manufacturing and administration operations that will create 56 new jobs with a payroll of $2.9 million. Allermuir makes high-quality, contemporary seating and tables for the contract market.
● Just Packaging Inc. of Toledo is to receive a 40 percent, seven-year tax credit to acquire and renovate it existing facility and obtain new machinery and equipment. The renovation would create 30 new jobs with a payroll of $936,000. The company makes and distributes custom corrugated packaging, interior packaging foam, chipboard partitions, and more.
● In Wyandot County, Continental Structural Plastics Inc. will get a 50 percent, six-year tax credit to expand its operations in Carey and create 50 jobs with a payroll of $1.6 million.
● In Hancock County, Tour de Force CRM Inc. will receive a 50 percent, six-year tax credit to expand operations in Findlay and create 21 jobs with a payroll of $1.3 million.
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.