Tax Credits Could Keep Hundreds Of Jobs In Wilmington

Air Park receives 10-year credit valued at $3.9 million


WILMINGTON --

A company has been granted tax credits that should help keep at least some of 6,000 jobs previously lost at the Wilmington Air Park.

The Ohio Tax Credit Authority approved a 10-year, 65 percent job creation tax credit valued at $3.9 million for Airborne Maintenance to set up at the airport.

The company, a subsidiary of PAC Worldwide Corp., is proposing a project valued at more than $5.7 million to set up maintenance, repair, engineering and manufacturing operations that could create 430 jobs.

Those jobs would likely help at least some of the workers laid off when DHL Express moved operations from the airport, causing support companies to close or drastically reduce operations late last year.

PAC Worldwide was also awarded a 40 percent job creation tax credit for six years to expand its existing Middletown facility, creating 35 jobs and retaining 183.

Copyright 2009 by WLWT.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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