Tax Credits Pave Way for Deceuninck Expansion, Hiring

Journal-News
December 6, 2017
Companies

The Ohio Tax Credit Authority approved a 1.35 percent, seven-year Job Creation Tax Credit for Deceuninck North America in Monroe, which expects to create 85 full-time positions and retain 480 jobs, generating $4.5 million in new annual payroll and retaining $22.5 million in existing payroll as a result of an expansion project. Capital investment on that project is listed at $2 million, according to Regional Economic Development Initiative Cincinnati. Company officials said REDI Cincinnati was instrumental in coordinating the assistance.

“As Deceuninck North America bolsters our workforce and manufacturing capabilities, we are grateful to the state of Ohio and REDI Cincinnati for their support,” says Filip Geeraert, the company’s president and CEO. “Our employees are the backbone of our success and the source of the company’s restless spirit of innovation.”