NEX adding more jobs, expanding facilities following tax abatement (Audio included)
6/20/2013 3:29:53 PM
By Bill Tipple
NEX is looking to expand its facilities in Logan County.
The company, located at 13900 State Route 287 near Middleburg, will add 45 full-time jobs over the next three years. The expansion will increase annual payroll by just over $1 million.
NEX will be adding 100,000 square feet to an existing building.
The Logan County Commissioners voted Thursday to give the company a tax abatement of 100 percent over the next 10 years.
The Benjamin Logan School Board unanimously approved the abatement Monday night.
Zane Township approved the same measure at their meeting on Tuesday.
NEX says the estimated construction investment is between $4 million and $8 million.
The company agreed to pay 20 percent Payment in Lieu of Tax (P.I.L.O.T.) to Benjamin Logan.
Finally, NEX will fund a $2,000 scholarship for Benjamin Logan over the next decade.
Commissioners Bayliss, Core, and Wickersham said, "This is a great example of how our community is working to attract more jobs and encourage expansion of existing businesses. We were pleased with the cooperation and efforts of everyone involved."
In April, the commissioners approved an abatement for Midwest Express, which will create 50 full-time jobs over the next three years.
Commissioner Dustin Wickersham comments on the abatement.