STREETSBORO -- Step2 is one of the 17 communities in Ohio to get a portion of $279 million in funding to to expand and create jobs.
Gov. John R. Kasich and Ohio's Tax Credit Authority approved the funds toinvest in the state's communities. Step2 isthe largest U.S. toy manufacturer.
The Step2 projects approved by the TCA are:
- The Step2 Company, LLC, Village of Perrysville (Ashland County) expects to create 75 full-time positions, generating $2 million in additional annual payroll and retaining $7.7 million in existing payroll as a result of the company's expansion project in the Village of Perrysville (Ashland County).The TCA approved a 45 percent, six-year Job Creation Tax Credit for this project.
- The Step2 Company, LLC, City of Streetsboro (Portage County) expects to create 125 full-time positions, generating $3.3 million in additional annual payroll and retaining $19.5 million in existing payroll as a result of the company's expansion project in the City of Streetsboro (Portage County.).The TCA approved a 45 percent, six-year Job Creation Tax Credit for this project.
The Step2 Companymanufactures and distributes children's rotational-molded toys, infant products, and some home and garden plastic products.
Company officials said Friday that the employees in the company's Ohio facilities, located in Streetsboro and Perrysville, are enabling Step2's growth in both the North American and global marketplaces.
The Streetsboro Global Headquarters houses the sales, marketing, product development, engineering, customer services, and administrative resources required to successfully drive the business worldwide
"We are pleased and grateful that Governor Kasich and the State of Ohio are supporting the Step2 Company's long term commitment to grow our manufacturing business in Ohio," said Jack Vresics, president and CEO, Step2.
"Recent successful new products in the children's toy category and home and garden category - as well as new product development initiatives yet to hit the market - are driving the employment growth in our two Ohio manufacturing sites."