Lawrence County courts potential employer
SOUTH POINT -- The Ohio Tax Credit Authority has approved state tax credits for an Australia-based company if it locates in a shell building at The Point, a South Point industrial park, and bring 75 jobs to the area.
The company, called Minova USA, could create 75 full-time jobs, generating $2 million and retaining $2.2 million in existing payroll as a result of the company's relocation project currently being negotiated.
Minova offers roof support systems for the mining industry. The tax credit authority approved a 45 percent, six-year job creation tax credit for the project, according to news release from the office of Ohio Gov. John R. Kasich.
The project, which isn't finalized yet, calls for Minova to consolidate production sites in Virginia and Northern Ohio to Lawrence County, said Bill Dingus, executive director of the Lawrence Economic Development Corporation. That organization oversees development at the industrial park.
"The state stepping forward with the tax credits is an important part of the project," Dingus said Monday.
The development corporation is negotiating with Minova to locate in a 60,000-square-foot shell building off County Road 1. If the project proceeds, the company would require an additional 7,000 square feet of space, he said.
It would take at least four months to build the addition and have the building ready to open, Dingus said.
"We're working with the state to build an access road to the site," he said. Other details of the project remain to be worked out, he said.