News Headlines
GE Aviation invests in Evendale headquarters
GE Aviation announced a $161 million investment at its global headquarters in the Hamilton County community of Evendale. The project will revitalize a headquarters facility, parts of which date to the World War II era, and is expected to retain more than 5,000 jobs. The plan involves improvements to the Evendale complex over the next several years, aided by a 15-year job retention tax credit worth up to $120 million. The revitalization is expected to improve GE Aviation's competitiveness by modernizing engine test and production facilities, razing older, inefficient buildings, and acquiring new equipment. GE Aviation's Evendale operation is on 400 acres, comprising 10 major buildings, and is engaged in jet engine design and assembly, component manufacturing, and development engine assembly and test. The world's most popular commercial jet engine, the CFM56, is assembled in Evendale.
Streamline Health plans $2.75 million expansion
Streamline Health, Inc., which specializes in electronic medical records, announced a $2.75 million expansion that will result in the creation of 25 jobs and the retention of 73. Streamline Health was awarded a 45 percent job creation tax credit for a six-year term. The company is required to maintain operations at the project site for nine years. Streamline is a workflow and document management application and service provider specializing in health information management, patient financial services, human resources, and supply chain management.
$10.9 million expansion creates 79 jobs
Green Bay Dressed Beef, a case-ready meat processing facility in Sharonville, announced a $10.9 million expansion that will create 79 jobs and retain 86. The company was awarded a 45 percent job creation tax credit for six years term and the company is required to maintain operations at the site for nine years. Green Bay Dressed Beef is a subsidiary of Green Bay, Wisc.-based American Foods Group, the fourth largest meat processing company in the United States.
Ohio ranks high for best business climate
Ohio rose to fourth in Site Selection magazine’s annual state business climate rankings in 2009, up from seventh in 2008, and leads the Midwest in rankings taken from new plant construction data and a survey of site selectors. Site Selection’s annual business climate rankings are determined by performance in a database that tracks new and expanded business facility activity, and by a national survey of corporate site selectors. Ohio’s transportation infrastructure and access, existing workforce skills, and state and local tax environment were the biggest influences on executive polling.
