Central Ohio Companies Selected for State Investments, Tax Incentives and Loan Programs to Help Fuel Growth and Create Jobs

The Ohio Department of Development has announced support for a number of Central Ohio firms through various investment, tax incentive and loan programs.  These awards include: 

Accel, Inc. (Licking County) has been awarded a more than $1.87 million 166 Direct Loan. The loan will be used to purchase and install machinery and equipment to be used for kit assembly and packaging services primarily for major retailers involving the personal and beauty care industry. The company's primary line of business encompasses receiving components from its customers, purchasing necessary materials and supplies, and assembling the individual components into a collection. This $2.5 million project is expected to create 25 jobs and retain 206 positions.

Brent Morgan Holdings, LLC (Knox County) has been awarded $3.67 million from the Ohio Enterprise Bond Fund. The loan will be used to purchase and install machinery and equipment; acquire land and a building; and will enable the operating organization (PACS) to establish a permanent headquarters and research facility. PACS is a light manufacturer of electrical apparatus and prefabricated metal buildings. This $3.67 million project is expected to create 40 jobs and retain 93 positions.

Infomotion Sports Technologies, Inc (Franklin County) has been awarded $750,000 from the Innovation Ohio Loan Fund. The loan will be used to finance software development and purchase computer equipment machinery and equipment. The project will enable the company to establish its headquarters, set up production facilities, and continue product development in Ohio. Infomotion Sports Technologies develops and commercializes motion-sensor-based sporting equipment and software for athletic and sporting organizations. The $1 million project is expected to create 45 jobs and retain two positions.

Tech-Sonic, Inc. (Franklin County) has been awarded $787,500 from the Innovation Ohio Loan Fund, which will be used to purchase machinery and equipment. The project will enable the company to establish a research and development center to develop new applications for ultrasonic welding applications for the lithium-ion battery, refrigeration, and photovoltaic industries. Tech-Sonic is a manufacturer and distributor of ultrasonic plastic welders focusing on lithium batteries for the cell phone, MP3, and Personal Digital Assistant (PDA) industries. The more than $1 million project is expected to create 24 jobs and retain four positions.

BlastMaster Holdings USA, LLC has been awarded a 40 percent Job Creation Tax Credit for a six-year term as a result of the company's new location TBD in the Greater Columbus Region. The value of the tax credit is estimated at $103,680 over the term, and the company would be required to maintain operations at the project site for nine years. Blastmaster Holdings is a manufacturer, supplier, and distributor of industrial sandblasting equipment with products primarily used for the maintenance of steel structures including bridges, ships, and oil tanks. This project includes the purchase of a 20,000-square-foot office building to support the North American headquarters for its industrial sandblasting equipment distribution. The $1.9 million project is expected to create 25 jobs.

CoverMyMeds, LLC has been awarded a 55 percent Job Creation Tax Credit for a seven-year term as a result of the company's new location in the City of Columbus (Franklin County). The value of the tax credit is estimated at $546,055 over the term, and the company would be required to maintain operations at the project site for 10 years. CoverMyMeds is a service organization that assists health care professionals with submitting authorization from a single free website, allowing patients access to their prescriptions in a matter of minutes. This project includes the lease and renovation of a 13,900-square-foot facility to house office space to support the company's software development product line. The more than $750,000 project is expected to create 67 jobs and retain nine positions.

FlyMuch, Inc. has been awarded a 45 percent Job Creation Tax Credit for a five-year term as a result of the company's new location in the City of Dublin (Franklin County). The value of the tax credit is estimated at $136,003 over the term, and the company would be required to maintain operations at the project site for eight years. FlyMuch is a new company that monitors travel promotions, integrates search criteria and personal account information, and delivers the relevant information needed to make beneficial loyalty decisions through a free online application. This project includes the lease of office space to support the company's headquarters and software development of the company's website. The $150,000 project is expected to create 30 jobs.