Development Finance

The Development Financial Advisory Council of Ohio has recommended more than $16 million to support economic development projects in the state of Ohio. In total, the seven projects are expected to create 318 positions and retain 528 jobs.

Lt. Governor Lee Fisher claims, “Supporting long-time Ohio companies as well as up-and-coming business owners is crucial to furthering economic development for these communities, as well as our state.”

General Aluminum Manufacturing Company (GMAC) leads the group of loan recipients in expected job creation by hoping to create 200 positions within the first three years of its more than $6.4 million project.

Boxicom, Inc., which does business as 3X Systems received a $1.35 million investment and is expected to create 45 jobs and Ohio Basic Minerals hopes to create 30 new full-time jobs with its $5.2 million project.

Other companies receiving money include Brilex Industries, Inc., Plating Technology, Inc., Gabriel Performance Products, Inc., and Ricerca Biosciences, LLC.

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Technorati Tags: 16 million to support economic development projects, 3X Systems, Boxicom Inc., Brilex Industries, create 318 positions and retain 528 jobs, Gabriel Performance Products, General Aluminum Manufacturing Company, Lt. Governor Lee Fisher, Ohio Basic Minerals, Plating Technology, Ricerca Biosciences LLC, The Development Financial Advisory