Two area companies will receive funds from Ohio Department of Development to create and retain jobs.
Springboro-based Printing Service Company received a $1.9 million loan at an interest rate of three percent a year for an eight-year term, the development department said. The loan will allow the purchase of new equipment for lithographic and digital printing services, to help with a $5.4 million project. According to a news release, the project is expected to create 15 jobs and will assist in retaining 70 positions.
In Mason, Spear USA LLC was awarded a $55,460 tax credit for a $1 million project which is expected to create 25 positions and retain 118 jobs.
