Among those are two local projects, the expansion of the Eco-Groupe Inc. in Vandalia and Green Bay Packaging Inc. in its move to Lebanon.
The Tax Credit Authority approve a 50-percent, six-year job creation tax credit for the Eco-Groupe, which designs and makes pre-forms and molds for the bottle and containers industries. According to the state, the company is expected to create 48 full-time jobs, generating $1.9 million in new annual payroll and retaining $6.9 million in current payroll.
The authority also approved a 35-percent, seven-year job creation tax credit for Green Bay Packaging in its move to Lebanon, for an expansion expected to create 22 full-time jobs, generating $1.3 million in new annual payroll while keeping in place $5.3 million in existing payroll. The company makes corrugated packaging material.
Also Monday, the authority approved a 40-percent, five-year job creation credit for Omya Inc. for a consolidation to a location still to be determined, the state said. Omya, a producer of industrial minerals and a distributor of chemical products, is expected to create 25 full-time jobs, creating $1.4 million in new annual payroll while retaining $9.6 million in current employee payroll.
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