Columbus, OH -- Governor Bob Taft today announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for 10 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 714 jobs and retain 1,725 positions.

The Authority awarded tax credits to:

Cornerstone Consolidated Services Group (CCSG), to be located in Fairfield (Butler County), has been awarded a 50 percent tax credit for a five-year term to establish a warehouse and distribution operation. The value of the tax credit will be $115,858 over the term, and the company is required to maintain operations at the site for 10 years. CCSG is a wholly owned subsidiary of Cornerstone Brands Inc., (CBI), a family of leading catalog companies for the home, leisure and casual apparel industries. CCSG handles a variety of product lines, ranging from nail clippers, t-shirts and silk dresses, to armoires, pool floats and gourmet grills. The company plans to lease approximately 400,000 square feet of distribution space where it will receive and ship larger products to catalog and e-commerce customers. Additionally, the company will maintain its existing 1,076 full-time positions at its other locations in Butler County for the term of the tax credit. Ohio is in competition with Nevada for this $3.6 million project, which is expected to create 50 jobs within the first three years of the project’s initial operation.

Quality Gold, Inc., located in Fairfield (Butler County), has been awarded a 55 percent tax credit for a five-year term to expand its warehouse and manufacturing operations. The value of the tax credit will be $45,954 over the term, and the company is required to maintain operations at the site for 10 years. Quality Gold is one of the largest suppliers of jewelry items in the U.S. The company has an extensive inventory, distribution and fulfillment-processing center as well as a manufacturing, jewelry design and assembling operation at its existing site. The proposed project includes the construction of a 45,000 square-foot warehouse/distribution facility and an investment in new machinery and equipment. As a result of this project, Quality Gold will create 30 new, full-time jobs within three years of the project’s initial operations and retain 115 existing full-time positions at the project site for the term of the tax credit. Ohio is in competition with Kentucky for this $600,000 project, which is expected to retain 115 positions and create 30 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $10,000 Ohio Investment in Training Program grant.

Hexa Americas, Inc., to be located in Sidney (Shelby County), has been awarded a 55 percent tax credit for a five-year term to establish a manufacturing facility. The value of the tax credit will be $55,902 over the term, and the company would be required to maintain operations at the site for 10 years. Hexa is a joint venture between three Japanese corporations; Mitsui & Co., Ltd., Hexa Chemical Co., Ltd. and Technopolymer Co., Ltd. The company is being established as a new compounding operation utilizing products from Technopolymer to engineer plastics and to produce a value-added raw material. Hexa’s customers will include automobile companies and Tier I suppliers. The proposed project includes the construction of a 100,000 square-foot facility that will house the company’s plastics compounding process. Ohio is in competition with Kentucky for $11 million project, which is expected to create 28 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $25,000 Ohio Investment in Training Program grant.

Donatos Pizzeria, LLC, located in Gahanna (Franklin County), has been awarded a 55 percent Job Creation Tax Credit for a six-year term to expand its research and development operation. The value of the tax credit will be $103,903 over the term, and the company would be required to maintain operations at the site for 12 years. Donatos proposes to create an Innovation Center and Prototype Plant to facilitate the research and development of new methods of producing pizza. The company plans to create new pizza crusts and other pizza advancements for mass production. Ohio is in competition with Oklahoma, Florida and Illinois for this more than $4.5 million project, which is expected to retain 123 positions and create 25 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $2.9 Research and Development Investment Loan and a $17,500 Ohio Investment in Training Program grant.

Advanced Plastics Reclaiming (APR), to be located in Elyria (Lorain County), has been awarded a 55 percent tax credit for a seven-year term to begin operations. The value of the tax credit will be $275,418 over the term, and the company is required to maintain operations at the site for 14 years. APR reclaims materials from industrial scrap generated from building wire and telecom wire manufacturers, which is then sold back into the commodity markets. The company plans to purchase a 101,000 square-foot building and machinery and equipment to be used for the reclamation of market-demand commodities. Ohio is in competition with Indiana for this more than $7.8 million project, which is expected to create 50 jobs within the first three years of the project’s initial operation.

Coleman Packaging Corporation & G.W. Coleman Industries, Inc., located in Ray and Jackson (Jackson County), have been awarded a 55 percent tax credit for a seven-year term to expand operations. The value of the tax credit will be $43,152 over the term, and the company is required to maintain operations at the site for 14 years. Coleman Packaging manufactures corrugated packaging materials for the material handling and automotive industries. The company plans to consolidate operations to increase efficiencies and support increased customer demand. This $180,000 project is expected to retain 31 positions and create 25 jobs within the first three years of the projects initial operation.

Field Container Company, LP, located in Marion (Marion County), has been awarded a 60 percent tax credit for a six-year term to expand its manufacturing operation. The value of the tax credit will be $100,101 over the term, and the company is required to maintain operations at the project site for 12 years. Field Container manufactures folding cartons for industries including: dry food, cereal, dairy, frozen food, pharmaceuticals, hardware, computer products, pet food, automotive and processed meats. The proposed project includes the investment in a new press and equipment for new printing and die cutting technology to produce folding cartons for the quick service, food and personal care markets. Ohio is in competition with Tennessee, Alabama and Louisiana for this $7.5 million project, which is expected to retain 162 positions and create 30 jobs within the first three years of the project's initial operation. Other state assistance committed to this project includes a $20,000 Ohio Investment in Training Program grant.

Grange Mutual Insurance Group, located in Columbus (Franklin County), has been awarded a 65 percent tax credit for an eight-year term to expand its headquarters operation. The value of the tax credit will be more than $1.2 million over the term, and the company would be required to maintain operations at the site for 16 years. Grange offers property and casualty insurance, life insurance and banking products to policyholders in 10 states. The proposed project includes the construction of 200,000 additional square feet of office space at the company’s existing Columbus operation, as well as a 1,000 car parking facility. Ohio is in competition with Wisconsin for this more than $73 million project, which is expected to retain 835 positions, including 60 positions being relocated from Grange’s Gahanna facility, and create 73 jobs within the first three years of the project’s initial operation. Other state assistance committed to this project includes a $73,000 Ohio Investment in Training Program grant.

Time Warner Cable, Inc., located in Columbus (Franklin County), has been awarded a 65 percent tax credit for an eight-year term to expand its regional headquarters operation. The value of the tax credit will be more than $1 million over the term, and the company is required to maintain operations at the site for 16 years. Time Warner is a division of TWX (NYSE) and was formed in 1989 through the merger of Time Inc.’s cable television company, American Television and Communications Corporation and Warner Cable, a division of Warner Communications. The company offers a variety of cable, Internet and telephone services to more than 10.9 million U.S. customers. The proposed project is in part instigated from the company’s acquisition of 200,000 Ohio customers from Adelphia Cable. The expansion of all functions, including administrative support, to accommodate the new customers will include the construction of a 320,000 square-foot facility, in two phases, at the Gowdy Field landfill site in Columbus. Ohio is in competition with North Carolina for this $20 million project, which is expected to retain 459 positions and to create 153 jobs within the first three years of the project’s initial operation.

The Procter & Gamble Manufacturing Company (P&G),located in Bath Township (Allen County), has been awarded a 65 percent tax credit for a nine-year term to establish a distribution operation. The value of the tax credit will be more than $1.6 million over the term and the company is required to maintain operations at the site for 18 years. P&G is a wholly owned subsidiary of the Procter & Gamble Company, one of the largest Ohio-based companies, ranking 28 on the Fortune 500 list based upon its sales. The company has a strong portfolio of brands including: Pampers, Pantene, Bounty, Pringles, Folgers, Charmin, Downy, Tide, Iams and Ivory. P&G has nearly 110,000 employees working in more than 80 countries worldwide, with 13,500 employed in Ohio. The proposed project includes the acquisition of land and the construction of an approximately 1.2 million square-foot warehousing and distribution center. Ohio is in competition with Louisiana for this $144 million project, which is expected to maintain 477 positions and create 250 jobs within the first three years of the project’s initial operation.

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio. Some of the additional state assistance is contingent upon the approval of the State Controlling Board.

Read the original story at the Ohio Department of Development website.