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Thursday, January 30, 2014

Marathon Subsidiary to Stay and Expand in Findlay, Bringing 150 Jobs

From the Toledo Blade:
Marathon Petroleum Corp’s new distribution subsidiary MPLX is expected to keep its operations in Findlay, creating an estimated 150 jobs worth $15 million in new payroll, after Ohio apparently won the expansion project over what was characterized as “fierce” competition from other states.
The Ohio Tax Credit Authority today voted to extend Marathon's Petroluem's existing 60 percent, 10-year job creation tax credit, originally approved in 2011, to 14 years. The new jobs are expected to pay an average of $48 an hour. The package was negotiated by the private non-profit economic development corporation, JobsOhio, and then placed in the hands of the state panel for final approval.
Marathon is expected to expand its corporate headquarters campus in Findlay to accommodate MPLX’s headquarters and, in the process, recommit to maintaining the 1,650 jobs it promised when it was itself a beneficiary of a tax-credit package itself in 2011.
The rest of the article can be read here.

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