You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

New Carlisle offers abatement for new jobs

R.D. Holder plans to add more jobs at its new $2.6 million headquarters in New Carlisle.


New Carlisle is considering a 10-year incentive agreement with R.D. Holder Oil Co. that calls for eight new jobs and a combined additional payroll of about $400,000.

According to a proposed enterprise zone agreement with the city and county, the company will create the new permanent jobs over three years at its new $2.6 million headquarters in exchange for a tax abatement on new tangible personal property.

It will also relocate 21 full-time jobs from its temporary headquarters in Bellefontaine to the 22,800-square-foot building under construction in the Rogers Industrial Park on North Dayton-Lakeview Road. Those 21 employees currently generate a payroll of about $700,000.

The company’s previous Pike Twp. headquarters and distribution facility on Folk Ream Road were destroyed by a massive fire last year and its employees were displaced to its Bellefontaine location.

The new facility will house 3,600 square feet of office space and 19,200 square feet of warehouse space, including 2,360 square feet of recessed oil tanks, according to the agreement. Total investment with construction, machinery and equipment, furniture and fixtures and inventory is estimated to be slightly more than $2.6 million.

In exchange, the agreement would provide a 60 percent tax abatement for 10 years on any real property improvements before Dec. 31, 2013, according to Clark County Building Official Tom Hale.

“It was important for (Bob Holder) to relocate into the county,” Hale said. “He had support of (county) commissioners and local support from New Carlisle and this is a small tool to help him along.”

The Tecumseh Local School District was notified of the agreement as required by law, but because it no longer receives tangible personal property tax as revenue, the agreement wouldn’t affect the district, District Treasurer Debra Schock said Tuesday.

The proposed abatement was introduced at New Carlisle Council on Monday night. Council members will likely vote on the agreement at their Feb. 19 meeting. If approved, it would then go to Clark County commissioners for their consideration, then to the state for approval, according to New Carlisle City Manager Kim Jones.

Holder Oil broke ground on its new facility about two weeks, owner Bob Holder said Tuesday.

Winter weather has held up construction, however. The projected completion date is now the middle of July, Holder said.

“Clark County is our home base county. We’ve got a lot of friends here,” Holder said. “The business community has been good to us. The bottom line is we have a bit of an obligation to stay.”

Last year, New Carlisle council members approved a tax agreement that refunds 50 percent of Holder Oil’s income taxes if it maintains a minimum payroll of $700,000 and 50 percent of its corporate profit taxes for seven years, beginning with occupancy.

The city will pay for the incentives from its non-tax revenues, such as franchise and administrative fees collected from cable and waste collection service contracts, Jones has said.

The company, founded in 1986, mainly deals in commercial and agricultural fuel and lubricant distribution. It serves Springfield, Bellefontaine, Lancaster, Washington Court House, Lima, Northern Kentucky and surrounding areas.

The company also has locations in Lancaster and Washington Court House.


Reader Comments ...


Next Up in Business

STORE CLOSINGS: Sears to close 50 auto centers
STORE CLOSINGS: Sears to close 50 auto centers

Sears Holdings is set to close 50 Auto Center locations, the company announced. Sears updated investors last week on its strategic restructuring program, stating the company aimed to save $1.25 billion through some store closures in 2017. The company already announced it would close 108 Kmart stores and 42 Sears locations. » RETAIL APOCALYPSE...
Two area health systems named Top 15 in nation
Two area health systems named Top 15 in nation

Kettering Health Network and Mercy Health have been named two of the Top 15 health systems in the nation by the international business research firm Truven Health Analytics. It’s the fifth appearance on the Top 15 list for the Dayton-based Kettering system, comprised of eight hospitals, including Kettering Medical Center, Fort Hamilton, Soin...
675 Ohioans complained about mortgage servicer sued by feds
675 Ohioans complained about mortgage servicer sued by feds

State and federal authorities have sued mortgage servicer Ocwen Financial Corp., saying the company botched the handling of millions of mortgage accounts, including 675 Ohio complaints. The Consumer Financial Protection Bureau said Thursday that the accounts Ocwen serviced were riddled with errors throughout the repayment process. It said the company...
Premier, UnitedHealthcare negotiations continue over health plans
Premier, UnitedHealthcare negotiations continue over health plans

Contract negotiations between the region’s largest health system and insurer UnitedHealthcare remain at an impasse as a deadline approaches that could jeopardize the health plans of up to 70,000 local residents. Premier Health and UnitedHealthcare, the area’s largest insurer, have been at an impasse in talks to renew their health coverage...
Dayton-area event will feature 500 small businesses
Dayton-area event will feature 500 small businesses

Ohio’s largest small-business-to-government-contracting event is set to happen Wednesday, the Ohio Development Services Agency said. The 2017 Ohio Business Matchmaker will be 8 a.m. to 5 p.m. Wednesday at Wright State University’s Ervin J. Nutter Center, 3640 Colonel Glenn Highway, Fairborn. RELATED: Defense contractor opens new office...
More Stories