MONROE — The city could lose 122 jobs if West Chester Holdings officials decide to move the company.

West Chester Holdings, an industrial glove, protective clothing and rainwear distributor, is looking for a larger building because the facility at 100 Corridor Park Drive cannot accommodate the company’s anticipated growth, its Chief Financial Officer, Kyle Packer, said.

Wherever the company goes — whether to another location in Monroe or a new location elsewhere in the region — tax incentives will play an important part, Packer said.

He wouldn’t say how much space the company needs, but emails obtained by the Middletown Journal between Packer and the city of Monroe indicate the company is seeking space that “would support a 35 percent increase in our business over the next five years, this would translate into a proportionate 35 percent increase in our labor force over the next five years.”

Monroe’s tax incentive options, however, will be limited. City Economic Development Director Kevin Chesar said there are two community reinvestment areas — to the south and east of the company’s current location — that will give it a 15-year, 100 percent tax abatement that could be worth about $2.1 million over the life of the abatement.

“We value West Chester Holdings and are encouraging them to stay within the city,” Chesar said.

But those are the company’s only options to receive a tax incentive, as City Council has said it will not create any new such incentive areas.

Chesar said the company does not meet the requirements of the city’s economic development and incentive policy if it wants to move into an existing vacant building or if it’s able to expand at its current leased location.

The company reportedly has two years remaining on its lease.

“Who’s to say that if we give them extension of the tax abatement and it lasts another five or 10 years and then they left anyway,” said Councilwoman Anna Hale. “We’d have other folks trying the same trick.”

Other council members were as succinct as Councilman Steve Black: “I absolutely agree with the staff recommendations.”

The company employs 97 full-time and 25 seasonal employees, and Packer wrote in the emails to the city that company officials would like to make some of the seasonal employees full time.

Packer wouldn’t say where incentives are being offered.

“We are exploring our options,” he said.

Chesar said at a recent City Council meeting that the company is exploring options in Sharonville and Northern Kentucky.

Packer also wouldn’t say when a decision would be made, only saying that it “depends on what’s available.”

Packer wouldn’t comment on the company’s salaries. However, the emails indicate the company’s projected 2011 payroll was $9 million and is projected to be up by about $200,000 from its 2010 payroll.