All Things Business

Massive Semiconductor Plant Investment Announced For Site An Hour From Mansfield

21 Jan , 2022  

By 1812Blockhouse

It would be difficult to overestimate the impact of an announcement made this morning in metro Columbus.

Consider the facts for a moment.

  • Intel will be creating what might become the world’s largest semiconductor operation in western Licking County, a site just over an hour from Richland County.
  • Over 20,000 jobs will be generated because of this investment, including 3,000 direct jobs with an average $135,000 annual salary, 7,000 construction jobs over the course of the building project, and tens of thousands of indirect and support jobs.
  • An additional $2.8 billion is expected to be added to Ohio’s annual gross state product.

In an announcement of its intentions, Intel shared on Friday:

More…

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All Things Business

Council Backs $12.36 Million Investment In Edge Plastics

3 Feb , 2021  

By 1812Blockhouse

Mansfield City Council passed three pieces of legislation on Tuesday evening related to a planned $12.38 million investment into the Edge Plastics facility at 449 Newman Street in Mansfield.

The amount invested includes new construction, real estate acquisition, purchase of machinery and equipment, and purchase of furniture and fixtures at the plant which current employs 85 individuals in 70,000 square feet of space. 43 new positions would be created over two years under the proposal, with 34,786 square feet of additions planned.

Measures enacted include a Community Reinvestment Area (CRA) Agreement, School Compensation Agreement related to the foregoing CRA, and Job Creation Tax Credit Agreement. More…

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All Things Business

Lease Approved For Lahm Airport

18 Nov , 2020  

By 1812Blockhouse

An ordinance authorizing the City of Mansfield to enter into a lease agreement with Niss Aviation for Fixed Base Operator (FBO) services at Lahm Airport was approved Tuesday night by Mansfield City Council.

The lease is a component part of actions that will see the company invest $2 million into the facility to create a “fuel farm,” build a new hangar, and provide professional staff in the Lahm Airport terminal.

1812Blockhouse’s coverage of that Council discussion, including information shared by Bud Vetter, legal counsel for Niss Aviation, can be found here. More…

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