A $24 million incentive package from the state of Ohio will accelerate the efforts of material handling systems company Intelligrated to integrate the operations of recently acquired FKI Logistex and expand its facilities in West Chester, London and Mason, OH.
During the three-year period of the project, Intelligrated said the incentives will help it retain 537 full-time positions and create 267 new jobs in Ohio.
“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. Intelligrated, Governor Ted Strickland, the Ohio Department of Development, Senator Widener, the City of London, Madison County, the City of Mason, the Township of West Chester and the Ironworkers Shopmens Local 522 union have worked together to make this initiative possible,” he added.
Ohio Governor Strickland and Lisa Patt-McDaniel, director of the Ohio Department of Development, announced the state’s commitment to support Intelligrated’s economic development projects. “Ohio is committed to maintaining and growing quality manufacturing jobs, while continuously innovating the way we make products and deliver them to the world,” Ohio Governor Ted Strickland said. “We want to thank Intelligrated for their investment in Ohio and for their dedication to strengthening the material handling and logistics industries in our state.”
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 to support costs associated with the acquisition of a 282,000-square-foot manufacturing facility in West Chester to be leased to Intelligrated.
The Ohio Job Creation Tax Credit Authority also awarded Intelligrated an Ohio Job Creation Tax Credit to support the project in Butler County as well as expansions in Mason and London. The company is required to maintain operations at the project site for 13 years. Another project earmarked in the funding is the integration and upgrade of the FKI Logistex and Intelligrated enterprise resource planning (ERP) systems to enhance productivity and order management.
