Wednesday, June 30, 2004

Five receive tax incentives

The Enquirer

Ohio officials have approved tax incentives for five companies to locate or expand in Greater Cincinnati.

• Amantea Nonwovens LLC will receive a 60 percent tax credit over five years, plus a $3.5 million Ohio Enterprise Bond, a $2 million direct loan and a training grant. The new Cincinnati company, a minority-owned partnership, will create 33 jobs within three years.

• Sekuworks LLC in Harrison will receive a 55 percent tax credit over seven years, plus a $1 million direct loan and several other incentives. It pledged to create 77 jobs within three years.

• SigmaTEK Corp. in Forest Park will receive a 55 percent tax credit for five years, plus a $585,000 direct loan and a training grant. It expects to create 15 jobs within three years.

• Sunny Delight Beverages Co. in Blue Ash will receive a 70 percent tax credit over five years. The brand, purchased by an investment firm from Procter & Gamble Co., will create 53 jobs within the first three years. Other state assistance includes a $100,000 business development grant, a training grant and a research tax credit.

• AK Steel Corp. in Middletown will receive a $5 million low-interest direct loan to help install new pollution-control equipment.

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