State awards tax credits to Ohio-based Silfex for $223M Springfield project
The Ohio Tax Credit Authority approved tax incentives for Eaton-based Silfex’s expansion project that would “create as many as 400 new jobs and invest $223 million in Springfield,” according to a recent Dayton Daily News article. Silfex, formerly known as Bullen Semiconductor, “provides silicon products for the solar, optical and semiconductor equipment markets,” the Daily News reports. The company’s Eaton headquarters “is the world’s largest custom silicon-growing facility . . . and provides services including prototyping and manufacturing of low-volume components and assemblies.” The deal is “expected to create $20.7 million in additional payroll as part of a 12-year, about 2 percent credit” on Silfex’s Ohio employee payroll taxes.
