State approves tax break for Ball CorpBall Corp. has plan to expand its local can lid operations and hire 100 people in 2016.
State officials have approved tax breaks that will help Ball Corp. expand its local operations and create up to 100 additional jobs.
The Ohio Tax Credit Authority approved a 50 percent, six-year job creation tax credit for Ball Metal Food Container, formerly Phoenix Packaging Corp.
New jobs created by the tax breaks should generate $5 million in annual payroll, while retaining $4.67 million in existing payroll, according to the Ohio Development Services Agency.
The company hopes to begin hiring workers next year, when the expansion is completed, a company spokeswoman said in an email.
State officials said the tax credit covers Ball Metal’s facilities at 2121 Warner Road SE in Canton and 3075 Brookline Road in Green. Ball employs 113 people at those sites.
Meanwhile, Canton City Council will be asked to consider an enterprise zone agreement giving Ball Metal a 10-year, 75 percent real estate property tax exemption for the Warner Road SE facility. The city’s agreement would supplement the state’s tax credits.
According to a letter filed with council, Ball Metal plans a $32 million project to expand and install new equipment at the Canton site. Ball wants to install a production line to cut, coat and paint steel coils for food and aerosol cans.
Ball is based in Broomfield, Colorado. It completed a deal in February to buy the Phoenix Packaging operations from Sonoco Products Co. The local facilities have supplied Ball with easy-open food can ends for more than 10 years.
Michael W. Feldser, Ball’s senior vice president and chief operating officer for global metal food and household products packaging, said the addition complemented the company’s existing product portfolio.
“We have a long-standing relationship with Sonoco, and recognize that these plants and their employees produce the highest quality steel and aluminum easy-open ends in the world,” Feldser said in a statement issued in February.
Phoenix Packaging was founded in 1993 by George M. Smart and investors with Dublier & Co. In 2001, Sonoco bought the business.
Article reprinted with permission, Copyright 2015, Canton Repository, Some rights reserved.