Intelligrated Accepts $24 Million Incentive Package from OhioThursday, November 5, 2009
Intelligrated®, a leading American-owned automated material handling solutions provider, announces that it has accepted over $24 million in financial incentives from Ohio. In conjunction with the Ohio Department of Development (ODOD), company executives formally accepted the comprehensive package during Ohio Governor Ted Strickland’s visit to Intelligrated’s manufacturing facility in West Chester, Ohio today.
The State’s incentive package accelerates the company’s efforts to integrate the operations of recently acquired FKI Logistex and expand its facilities in West Chester, London and Mason, Ohio. During the 3-year period of the project, Intelligrated will 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. It also underscores the strategic role of Intelligrated’s world class material handling solutions to Ohio’s plan of becoming the premier international gateway and logistics hub in North America. 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.”
In a press release issued on November 3, 2009, 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.”
“Ohio’s strengths as a logistics and distribution leader create opportunities for companies seeking to leverage our state’s resources and location as a great place to invest,” said Lisa Patt-McDaniel, director of the Ohio Department of Development. “Intelligrated has grown into a leader in the highly competitive logistics industry; we are very pleased they have chosen to continue to expand in Ohio.”
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.
Intelligrated provides world-class material handling solutions for the warehousing, distribution, consumer product manufacturing, post and parcel markets. Key Intelligrated customers in Ohio include Anheuser-Busch, Big Lots, Cardinal Health, Georgia Pacific, Kraft, Luxottica, McGraw Hill, PepsiCo, Procter & Gamble, Restoration Hardware, Staples, The Limited and the United States Postal Service.
Intelligrated’s commitment is contingent upon the State Controlling Board final approval and Intelligrated’s review of detailed requirements to implement these incentives.
Intelligrated® (www.intelligrated.com) is a leading American-owned supplier of automated material handling solutions with operations in the U.S., Canada and Mexico. Headquartered in Cincinnati, Intelligrated is a manufacturer and solutions provider of high-speed sortation, conveyor and material handling software and controls-all supported by 24x7 Customer Service.
The acquisition in 2009 of automated material handling supplier FKI Logistex® (www.fkilogistex.com) expands the Intelligrated product line to include Alvey® palletizers, Real Time Solutions® order fulfillment systems, and Crisplant® tilt-tray and cross-belt sorters.
Intelligrated provides world-class material handling solutions for the warehousing, distribution, consumer product manufacturing, post and parcel markets.View all Industry News