Mubea, an automotive components manufacturer, may soon expand its already large presence in Greater Cincinnati, after receiving a total of $2.5 million in incentives for a project that would cost $73.3 million and bring 118 new jobs, the Cincinnati Business Courier reports. The Kentucky Economic Development Finance Authority (KEDFA) approved $2 million in incentives “on the condition that Mubea creates and maintains 118 new jobs over the next 10 years with an average hourly wage of $30,” according to the article. KEDFA granted an additional $500,000 in incentives for “construction materials and building fixtures.” Mubea is the Tri-State area’s seventh-largest manufacturer “with 1,400 local employees and 2015 revenue of $530 million,” the Courier reports. Mubea, a German-owned company, is “considering expanding its footprint and installing a second rolling mill and additional presses to meet growing demand and business in the U.S., Mexican and Japanese markets.” For more, read the full article.
Greater Cincinnati company awarded $2.5M in tax credits for $73M expansion
