CLEVELAND — Two projects approved on Monday by Ohio Gov. Mike DeWine and Lt. Gov. Jon Husted are expected to create 215 new jobs and retain 929 jobs statewide. Together, the projects are expected to result in $9 million in new payroll and ignite more than $28 million in investments across Ohio, according to the governor's office.
The first project, Charles River Laboratories Ashland LCC, is scheduled to expand in Ashland. The expansion is expected to create 140 full-time positions, generating $5.6 million in new annual payroll.
Charles River provides pre-clinical and clinical laboratory services for the pharmaceutical, medical device and biotechnology industries.
The second project is led by Satco Inc., a manufacturer and supplier that designs, engineers, manufactures and maintains unit load devices for commercial aircraft. This project is expected to create 75 full-time positions, with around $3.8 million in new generated annual payroll.
The company's headquarters is located in California, with several repair stations located throughout the U.S. The location of the Ohio hub is yet to be determined, according to the governor.
Both projects were given an eight-year Job Creation Tax Credit.