CHAMPION TOWNSHIP, Ohio - The Ohio Star Forge company's proposed expansion has moved one step closer in Champion Township.
It's not a done deal yet, but Ohio Star Forge Company sees the approval of a tax abatement by the Trumbull County Commissioners Wednesday as a positive sign that the company may soon grow, doubling its full-time workforce.
"We're hoping to add between 25 and 30 (jobs) over the next three years and that would be as the machine is delivered and put into production. It would slowly ramp up not only the production, but also the employment," said Billy Orbach, company president and CEO.
Orbach says a new machine would be installed inside a new 30,000 square foot facility if the abatement is approved. The 60 percent tax abatement over a 10-year period of time must next go before the county prosecutor's office for final approval.
The mere mention of growing the income and sales tax base in the county has commissioners optimistic about future economic growth.
"Jobs are the key to this area and key to everywhere right now and if they're going to supply 26 to 30 jobs that's great for Trumbull County," said Frank Fuda, Trumbull County commissioner.
About 70 percent of what Ohio Star Forge produces is used for automotive production. It also creates oil and gas valve parts that could eventually become higher demand assets from the shale boom.