SCI Engineered Materials and Other Central Ohio Companies Receive State Awards to Fuel Expansion and Create Jobs

The State of Ohio has announced awards for Central Ohio companies that will help them expand their businesses while creating and retaining jobs. 

SCI Engineered Materials was awarded a $25,000 Rapid Outreach Grant that is expected to create 50 jobs and retain 25. SCI Engineered Materials, located in Columbus, is a primary supplier of the automotive, solar, and thin film battery industries. 

Mettler-Toledo Inc. has been awarded a 40 percent Job Creation Tax Credit for a five-year term as a result of the company's expansion in Worthington. The value of the tax credit is estimated at $274,740 over the term, and the company would be required to maintain operations at the project site for eight years. Mettler-Toledo is a global manufacturer and marketer of precision instruments used in laboratory, industrial, and food retailing applications. This project includes a truck-to-rail project and several research and development projects, including a new software development, sensor, and scale project. The $1.2 million project is expected to create 25 jobs and retain 106 positions

Polymera, Inc. has been awarded a 45 percent Job Creation Tax Credits for a five-year term as a result of the company's new location in Licking County. The value of the tax credit is estimated at $33,550 over the term, and the company would be required to maintain operations at the project site for eight years. Polymera is a manufacturer of wood polymer composite materials, servicing the extrusion, injection molding, and compression molding industries. The $5.5 million project is expected to create 25 jobs.

For more details, see the releases from ODOD: 

http://development.ohio.gov/newsroom/2011PR/February/12.htm

http://development.ohio.gov/newsroom/2011PR/February/13.htm