Japanese company Topre America Corp.’s plans to build “a $55 million plant in Springfield” is part of a “robust spate” of foreign investments in Ohio, the Dayton Business Journal reports. The Tokyo-based manufacturer “is promising to bring 85 new jobs and $3.4 million in payroll to the city as it sets up a new stamping and manufacturing site” at a former International Harvester plant. The Ohio Tax Credit Authority approved a 1.2 percent, seven-year tax credit to Topre for the project. JobsOhio Senior Managing Director Kristi Tanner said, “Topre’s commitment to Springfield is another example of the significant role foreign direct investment is playing in Western Ohio,” noting the company will bring “advanced automotive manufacturing and 85 new jobs to a facility that stood empty for too long.” A 2016 JobsOhio survey found “about 3,600 international companies employ 224,000 people” in Ohio, with Japanese entities making up 29 percent of that total. For more, read the full article.
$55M Springfield project adds to growing international investments in Ohio
