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NEX fourth local company to land tax breaks for expansion plans

NEX Transport Inc. will add 45 full-time permanent jobs with more than $1 million in payroll over the next three years as part of an expansion to its facility at 13900 State Route 287 near East Liberty.

NEX, a parts handling, distribution and subassembly firm for Honda, filed a request for a 100-percent tax abatement over 10 years for a two-phase building project that will cost between $4 million and $8 million.

Thursday, the Logan County Commissioners approved the abatement. Benjamin Logan Local School District approved the deal on Monday.

“This is a great example of how our community is working to attract more jobs and encourage expansion of existing businesses,” Commissioner Dustin Wickersham said. “We were pleased with the cooperation and efforts of everyone involved.”

It is the fourth abatement approved by local government leaders this year, three of which involve companies tied to Honda’s automotive manufacturing in the area.

Bellefontaine City Council granted a 75 percent, 10-year request from ISS America Inc., 301 Carter Ave., after the Honda supplier announced its plans to spend more than $2 million to renovate and expand its facility.

Employment will grow from six currently to 35, adding $1.05 million to its current payroll of about $180,000.

Midwest Express Inc. received a 10-year, 50-percent property tax abatement from the county to offset up to $3.75 million in construction costs for a new distribution facility to serve Honda at 11452 Township Road 157, East Liberty.

The 100,000-square-foot expansion will create 50 new jobs with an expected payroll of $1.3 million.

Midwest currently employs 1,067 in 896 full-time permanent positions and 171 full-time temporary positions. The annual payroll for all employees is more than $17.7 million.

NEX plans to build a 100,000-square-foot facility and then double it with an addition within two years.

Construction on the initial phase has started.

The company currently employs 275 full-time permanent workers and 164 full-time temporary positions. Its current payroll is about $1.2 million.

AcuSport Corp., 1 Hunter Place, was the first to receive an abatement. Its deal with the city provided a 75 percent abatement over 10 years.

The shooting sports and firearms wholesaler has begun a $12 million expansion that will add 80 jobs and $4 million in payroll to its existing 214 employees and $10 million payroll.

All of the agreements have clauses that provide enhanced revenues for the school districts.

NEX’s deal also includes a $2,000 scholarship for Benjamin Logan for each year of the abatement.

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