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City approves tax exemption and job‑creation incentive for Packaging Group expansion
Summary
The council approved a Community Reinvestment Area (CRA) exemption and a job‑creation incentive for Packaging Group Ohio’s planned expansion into Enterprise Industrial Park, citing about 80 new full‑time jobs and an estimated $3,005,000 increase in annual payroll; the CRA would exempt 60% of improvements for 10 years and the incentive was sized at $27,045 per year for 12 years, subject to verification.
The Defiance City Council on March 3 approved a pair of ordinances to support Packaging Group Ohio’s planned expansion into the Enterprise Industrial Park: a Community Reinvestment Area (CRA No. 4) exemption and a job‑creation incentive program.
City staff said the expansion would add roughly 80 full‑time jobs and that council action would exempt 60% of the value of new real‑property improvements for a 10‑year term under the CRA. Separately, staff…
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