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Miba Gets Tax Break to Expand Its Facilities in Job-Hungry Morgan County
Posted on: 03/04/2014
By  Mike Cullums
 
Central and Southeast Ohio will gain more than 100 jobs from companies that were offered tax incentives by a state board on Monday. The Ohio Tax Credit Authority approved the projects, which reduce taxes for firms that commit to job growth.

One of those projects is in job-starved Morgan County.

ONN says the engine-components company Miba (pronounced "MEE-bah") Energy Holdings was offered incentives to create ten  jobs with an annual payroll of $705,000 at its facilities on State Route 60 in McConnelsville, where the company wants to open its North American headquarters.

The European bearings and parts manufacturer wants to establish a center in the Morgan County seat, to handle finance and accounting functions in North America, along with other back-office and information-technology operations.

Miba has plants throughout North America. ONN says the state tax credits are valued at about $55,000.
 
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