An automotive company has announced plans to build a new manufacturing facility in Dover, Ohio, bringing 650 jobs and a $54 million payroll to Wayne and Tuscarawas counties.

Schaeffler, which currently operates a manufacturing facility in Wooster and an automotive aftermarket operation in Strongsville, makes components and systems for engines and transmissions.

The company’s new facility in Dover will manufacture electric beam axles and electric drivetrain systems to support the hybrid/EV industry.

The 650 new jobs will be spread out between the Wooster and Dover locations with an expected groundbreaking in mid-2024 and open in quarter three of 2025.

To support the project, the Ohio Tax Credit Authority approved a 2.228%, 15-year Job Creation Tax Credit on Monday. The company says it has also committed to retaining 1,622 current jobs and making more than $230 million in total fixed-asset investments.

The Wooster location is home to R&D and manufacturing for Schaeffler’s automotive operations. Key customers y include Ford, General Motors, and Stellantis.