Intelligrated, a automated material handling solutions provider, will expand its operations in West Chester, Mason and London, Ohio after receiving a $24 million state of Ohio incentive package.
The incentives include low-interest Research and Development Investment Loans and Ohio Enterprise Bond Fund Loans from Ohio's DFAC to the Butler County Port Authority. The Port Authority will buy a 282,000 sq. ft. manufacturing facility in West Chester that it will lease to Intelligrated. The company must operate from that site for 13 years, as part of the incentive deal. Intelligrated was also awarded an Ohio Job Creation Tax Credit for its expansion in West Chester, Mason and London.
"Intelligrated deeply appreciates Ohio's generous commitment to our company, our employees and our industry," said Chris Cole, CEO of Intelligrated. "The incentive package sends a message of the importance of retaining high quality manufacturing jobs in the state. It also underscores the strategic role of Intelligrated's world class material handling solutions to Ohio's plan of becoming the premier international gateway and logistics hub in North America."
The incentives will allow the company to retain 537 full-time jobs and create 267 new jobs.
Intelligrated was launched in 2001, with a headquarters in Mason that includes a Research and Development/product demonstration facility. It supplies Material Handling Systems, Services, and Products, for the warehousing, distribution, consumer product manufacturing, airport, post and parcel markets in the U.S, Canada and Mexico.
This year Intelligrated bought automated material handling supplier FKI Logistex® , which is fueling its growth.
"Ohio's strengths as a logistics and distribution leader create opportunities for companies seeking to leverage our state’s resources and location as a great place to invest," said Lisa Patt-McDaniel, director of the Ohio Department of Development. "Intelligrated has grown into a leader in the highly competitive logistics industry; we are very pleased they have chosen to continue to expand in Ohio."
Writer: Feoshia Henderson
Source: Emily Smith, Intelligrated
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