Rep. Thomas Announces More Than $4.6M Investment in Impact Beverage Expansion
COLUMBUS - State Rep. Cecil Thomas (D- Cincinnati) today announced that the Ohio Tax Credit Authority (TCA) has approved the Impact Beverage expansion project in Cincinnati.
“The creation of good-paying jobs and investment in Cincinnati’s future is a milestone I am incredibly proud to support,” said Rep. Thomas. “This expansion will not only strengthen our local economy but will also bring lasting benefits to the people and communities of Cincinnati.”
Impact Beverage, through DSWDWK LLC, expects to create 65 full-time equivalent positions, generating more than $4.6M in new annual payroll as a result of the company’s expansion project in Cincinnati.
The proposed expansion includes enlarging the company’s existing facility and leasing additional space to increase production capacity, meeting the growing demand from current and new specialty beverage clients. The TCA approved a 1.402% Job Creation Tax Credit over eight years for the project.