September 12, 2018 - Ellwood Engineered Castings, Hubbard, Ohio, plans to expand into aluminum casting with a $52 million investment that will create 34 new jobs, according to the company’s application for a tax abatement.
Ellwood Engineered Castings, 7158 Hubbard Masury Road, has plans to expand into the aluminum casting business with Ellwood Aluminum and was given approval Monday by Hubbard trustees for a 10-year, 60-percent tax abatement, said trustee Fred Hanley.
Even with the tax abatement, the township can expect about $50,000 more a year in tax revenue, Hanley said.
“This is a win for the township, a win for the county. We thank the company for being such good neighbors and for entrusting the community with such a sizeable investment,” Hanley said.
Trumbull County commissioners at their Sept. 19 meeting are expected to vote on the abatement, said Nicholas Coggins, interim director of the Trumbull County Planning Commission.
[h/t Tribune Chronicle]
