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McWane expansion invests $45 million and creates 50 jobs

  • McWane Ductile of Coshocton provided a job creation tax credit of 1.327% over six years worth $200,000.
  • The project will create 50 full-time jobs and result in a new annual payroll of $2.6 million by the end of 2025.
  • The Coshocton plant is competing with a plant in Utah to expand the manufacturing facility and purchase a new annealing line.
  • McWane in Coshocton has about 500 employees and last invested $17.5 million to expand pipe finishing in 2017.

COSHOCTON — McWane Ductile of Coshocton is expanding a local plant that is expected to create 50 new full-time jobs and represent a total investment of $45 million.

The Ohio Tax Credit Authority recently provided a 1.372% six-year job creation tax credit for the project. The expansion is estimated to generate $2.6 million in new annual payroll and help retain $31.6 million in existing payroll by December 31, 2025.

The TCA estimates the value of the tax credit at $200,000. However, it is performance based and the actual value is directly related to the actual number of jobs created and new payroll taxes generated.

According to the scope of work document submitted to the TCA, the Ohio facility is competing for expansion with a plant in Utah. He said state support will help ensure the proposed project is done in Ohio.

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