First Quality Tissue's Significant Investment in Defiance County
Ohio recently experienced a remarkable announcement as Governor Mike DeWine, alongside various state officials, declared that First Quality Tissue will establish a new state-of-the-art towel and tissue production facility in Defiance County. This initiative represents the largest singular investment and job-creation project in the county's history, indicating a promising future for local economic development.
Investment and Job Creation Details
First Quality Tissue, a key player in the hygiene, paper, and packaging products sector, is committing to an impressive $984 million investment. This substantial funding is expected to generate over 400 new jobs, lifting the annual payroll by $22.5 million by 2032. Such a large-scale project is not only a boon for local employment but will also stimulate the community's economic activity.
Location and Infrastructure Development
The new facility will span 1.6 million square feet and is being constructed on a 1,000-acre site within the Baltimore Avenue Industrial Corridor. This site was strategically selected for its readiness for economic development, bolstered by a $14.6 million investment from the All Ohio Future Fund aimed at enhancing essential infrastructure to attract businesses.
Support from State Officials
Governor DeWine highlighted the importance of targeted funds like the All Ohio Future Fund, expressing that such initiatives are designed to welcome and support established companies looking to invest in Ohio. Local government and state officials see First Quality Tissue's decision as a significant success for Defiance County, noting the facility's potential impact across Northwest Ohio.
Tax Credit Approval and State Competitiveness
To further facilitate this massive investment, the Ohio Tax Credit Authority has approved a 1.740 percent, 10-year tax credit. Such incentives position Ohio as a competitive player in attracting businesses that contribute to growth and job creation. This proactive approach showcases the state's commitment to fostering a favorable business environment.
Community Impact and Future Prospects
First Quality Tissue is part of a diversified group of companies, and its operations in Ohio will enhance the region's manufacturing capabilities. Officials from the company expressed gratitude towards foundation partners like JobsOhio and the local government for their warm reception and support in making Defiance County their home.
Statements from Local Leaders
Community leaders also provided statements of support. Ohio Senate President Rob McColley shared his enthusiasm for the jobs this investment will bring, while House Speaker Matt Huffman emphasized the collaborative nature of local and state authorities that made this project possible. State Representative Roy Klopfenstein noted the strong workforce in the region as a crucial asset for First Quality Tissue's success.
Looking Ahead for Defiance County
Executive Director Erika Willitzer remarked on the transformational potential of securing such a prominent company for Defiance County. She expressed optimism about the positive changes this investment will bring for future generations. State collaborations and strong community efforts have paved the way for this significant achievement.
Frequently Asked Questions
What is the total investment amount from First Quality Tissue?
First Quality Tissue is investing a total of $984 million in the new production facility.
How many jobs will the new facility create?
The project is expected to create over 400 new jobs in the region.
Where will the new facility be located?
The facility will be located on a 1,000-acre site in the Baltimore Avenue Industrial Corridor.
What kind of support is being provided to First Quality Tissue?
The project has received state tax credits and significant infrastructure investments from the All Ohio Future Fund.
How does this investment impact the local economy?
This investment is projected to significantly boost local employment, payroll, and overall economic activity in Defiance County and Northwest Ohio.
