Ghanbari Announces Economic Development Projects in Wood County

COLUMBUS – State Representative Haraz N. Ghanbari (R-Perrysburg) announced that two companies located in Wood County were recently awarded tax credit funding that will result in local economic development and job creation.

“It is always great to see companies expand and thrive right here in our community,” said Ghanbari. “With the addition of 260 new jobs, investing in Wood County continues to be the best place to do business.”   

The Ohio Tax Credit Authority (TCA) approved a 1.362%, 8-year Job Creation Tax Credit for Vehtek Systems, Inc., to open a new facility in Bowling Green. The funding is expected to create 120 full-time positions and generate $5.9 million in new annual payroll. Vehtek Systems designs, develops, and manufactures automotive systems, assemblies, modules, and components primarily for sale to original equipment manufacturers.

The Ohio Tax Credit Authority (TCA) also approved a 1.329%, 8-year Job Creation Tax Credit for Norplas Industries, Inc., for its new location in Rossford. The funding is expected to create 140 full-time positions and generate $6.3 million in new annual payroll. Norplas designs and manufactures automotive systems for original equipment manufacturers.