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TAFT ANNOUNCES GRANTS
FOR BUSINESS LOCATION AND EXPANSION
FOR IMMEDIATE RELEASE
July 11,
2005
Ohio Department of Development
Columbus, OH -- Governor Bob Taft today announced that more
than $4.7 million in Business and Roadwork Development grants have
been awarded to five companies and eight communities in Ohio. The
grants, administered by the Ohio Department of Development (ODOD),
were approved by the State Controlling Board, and are intended to
assist in the growth and development of Ohio businesses and the
creation and retention of jobs. These projects are expected to
create 436 jobs and retain 2,198 positions. “These targeted
incentives are just one way in which we are working to ensure good
jobs for Ohioans,” said Lt. Governor Bruce Johnson, who also serves
as ODOD director. “Our skilled workforce, premier location,
competitive tax structure and willingness to meet the specifics
needs of companies are proof that ‘Ohio Means Business’.”
YUSA Corporation, located in Washington Courthouse (Fayette
County), will receive a $35,000 Business Development Grant to
acquire and install machinery and equipment for an expansion
project. YUSA manufactures rubber products for the automotive
industry and plans to create a new research and development center
that will cover all aspects from design to preparing parts for mass
production. The $4.6 million project is expected to retain 781
positions and create 35 jobs within the first three years of the
projects initial operation. Additionally, Fayette County will
receive a $75,000 Roadwork Development Grant that will be used to
widen and pave portions of Jamison Road from U.S. Route 62 to U.S.
Route 22 in support of this expansion project.
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YUSA Corporation
