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Intelligrated awarded $24 million incentive package from Ohio

Material handling company will use funds to expedite the integration of recently acquired FKI Logistex and expand its operations in several Ohio cities.

Mark Solomon
By Mark SolomonNov 08, 2009
Mark Solomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
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Material handling company Intelligrated says it has accepted a $24 million financial incentive package from the state of Ohio. The funds will be used to expedite the integration of recently acquired FKI Logistex and expand Intelligrated's operations in the Ohio cities of West Chester, London, and Mason. The company says it will be able to add 267 jobs in the state and retain the 537 existing full-time positions in Ohio.

The incentives include low-interest research and development loans and other loans to the Butler County (Ohio) Port Authority to fund the acquisition of a 282,000-square-foot manufacturing facility in West Chester that will be leased to Cincinnati-based Intelligrated.

The Ohio Job Creation Tax Credit Authority also awarded Intelligrated a job creation tax credit to support the project in Butler County as well as its expansion plans in Mason and London. The company will be required to operate at the project site for 13 years.

Another project to be funded is the integration and upgrade of the FKI Logistex and Intelligrated enterprise resource planning (ERP) systems, Intelligrated said. Intelligrated bought FKI Logistex earlier this year.

"The incentive package sends a message of the importance of retaining high-quality manufacturing jobs in the state. It also underscores the strategic role of Intelligrated's world class material handling solutions to Ohio's plan of becoming the premier international gateway and logistics hub in North America," Chris Cole, Intelligrated's CEO, said in a statement.

ArticleMaterial Handling
december 2009honeywell intelligrated
ArticleMaterial Handling
december 2009honeywell intelligrated

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