More jobs coming to The Point
SOUTH POINT, Ohio — Minova USA has signed a lease with the Lawrence Economic Development Corporation to locate in a 87,000 square foot building along County Road 1 in The Point, a South Point industrial park.
The project, which starts in April and is expected to take about five months, will bring 75 new jobs and consolidate several dozen more jobs to the industrial park, said Ralph Kline, assistant executive director of the Ironton-Lawrence County Area Community Action Organization.
Minova USA, based in Georgetown, Ky., signed a 15-year lease with options for three more five-year extensions, according to records in the office of County Recorder Sharon Gossett Hager. Company officials couldn't be reached this week for comment.
The company will lease up to eight acres that currently includes a 60,000 square foot shell building, said Bill Dingus, executive director of the Lawrence Economic Development Corporation.
"We're very pleased," Dingus said. "I believe they'll be extremely successful at The Point. It shows the real value of having a shell building. We plan to build another shell building or two at the industrial park.
Mullins Construction of Wheelersburg, Ohio, is building a 20,000 addition for manufacturing floor space and another 7,000 for employee support and offices, Dingus said. That will make the building the largest in the industrial park. The work, which includes a road and 99 parking spaces, is expected to be completed in about five months, he said. The work will start in April, he said.
The project has received a $200,000 grant from the Ohio Department of Development, $170,000 from the Ohio Department of Transportation and $40,000 in local funds from the development corporation, Kline said.
The road and infrastructure project will be put out for bid, Dingus said.
Minova USA already has several dozen employees at a location along County Road 12 in Rome Township. Minova, an international company based in Australia, produces mining related supplies and products.
The company also will be eligible for Ohio Job Tax Credits based on the number of new employees, Kline said.
"Ohio has become the friendly state for manufacturing," Dingus said. Ohio has no inventory, personal property or corporate franchise taxes, he said.
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