State Representative Mark Romanchuk (R-Ontario) today announced the approval of ArcelorMittal Tubular Products LLC’s tax credit agreement expansion. The Ohio Tax Credit Authority approved a 40%, 7-year tax credit for the company to begin in 2015.

This credit allows for the local Shelby facility to create an estimated 45 jobs and $1.9 million in payroll. This world-leading steel and mining company also considered Mexico as a location option to grow their business.

“Ohio is continually seeking ways to make our state business friendly,” said Representative Romanchuk. “This project is a prime example of our state creating a climate that encourages business growth and more job opportunities for our citizens. I applaud ArcelorMittal on their decision to develop their business in Shelby, and am excited to see their capital investment have a positive impact on Richland County as a whole.”

The company is planning on spending approximately $29 million to expand its current facility.  

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