Economic Development Project Approved in Southwest Ohio

COLUMBUS – Element Materials Technology Group was recently awarded funding for new locations, which will result in local economic development and job creation, announced State Rep. Jennifer Gross (R-West Chester).

The Ohio Tax Credit Authority (TCA) approved a 1.653 percent, eight-year Job Creation Tax Credit for this project located in the City of Fairfield (Butler County) and the City of Blue Ash (Hamilton County), with an estimated value of $705,000. These locations expect to create 65 full-time positions and retain 125 employees, resulting in a $20.3 million economic impact.

“I am very pleased to see job creation and positive economic development throughout the southwest region, and specifically in the 45th House District, through projects like this,” said Gross.

Element Materials Technology Group provides testing, inspection, and certification services on products or services in aerospace, medical, and automotive industries.

The TCA approved assistance for a total of four projects which are expected to create 943 new jobs and retain 160 jobs statewide.