Stark, Tuscarawas County companies get state tax credits to expand, create new jobs
The Ohio Job Tax Credit Authority has approved state job creation tax credits for two expanding Stark County companies and one Tuscarawas County company.
The three companies are among 14 statewide that will get the credit by creating 1,663 jobs and nearly $100 million in new payroll and retaining 3,457 jobs as part of nearly $203 million in investments by the companies, according to a release Wednesday by Gov. Mike DeWine's office.
The two Stark County companies are Biery Cheese Co. of Nimishillen Township and Knight Material Technologies of Canton. The Tuscarawas County company is Crane Carrier Co. of New Philadelphia, which is known as Battle Motors.
Biery Cheese, which makes cheese products, got a job creation tax credit that for six years will offset 1.13% of the company's new payroll costs.
The tax credit is applied against what the company owes on the state's commercial activity tax. Biery won the tax credit by saying in its tax credit application that it plans to create 51 full-time jobs and $2.2 million a year in payroll and retain $18 million in existing payroll as part of its plans to consolidate operations.
The state gave Knight Material Technologies a 1.250% Job Creation Tax Credit that will last six years. The company told the state it plans to create 45 full-time jobs with $2.5 million in new payroll and retaining $5.9 million in exiting payroll as part of its expansion in Canton. The DeWine administration statement said Knight Material Technologies, which used to be Koch Knight, "is a manufacturer of ceramic mass transfer and acid-proof equipment, providing advanced, industry-leading corrosion prevention technologies and solutions."
Crane Carrier or Battle Motors is to get a 10-year 1.464% Job Creation Tax Credit, valued at $2.5 million. It told the state it will create 434 full-time positions with an annual $18 million payroll and retain $13.7 million in exiting payroll by the end of 2025 "as a result of the company's acquisition project in New Philadelphia."
More:Battle Motors celebrates job growth, completion of $40M expansion in New Philadelphia
A document from the Ohio Department of Development says the added jobs are part of "a large expansion with the introduction of severe-duty electric vehicles for use in the refuse and recycling market."
The statement said the company "provides custom, severe-service chassis and purpose-built" vocational trucks "for the refuse, recycling, infrastructure, maintenance, ground support, agriculture, and oil and gas industries." To keep the tax credit, the company must maintain operations at the project location in New Philadelphia for 13 years.
According to the Ohio Department of Development, Crane Carrier was considering building the electric vehicles in California instead.
The Ohio Tax Credit Authority is a state five-member board that currently has four members.
Reach Robert at robert.wang@cantonrep.com. Twitter: @rwangREP
Gannett Ohio reporter Mark Williams contributed to this report.
This article originally appeared on The Repository: Biery Cheese, Knight Material, Battle Motors get state tax credits
