Grove City Record

Tax-break package lures Korean firm to Grove City

Former Borders distribution center to become a shock absorber manufacturing site

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Officials are offering a series of tax breaks to a South Korean auto parts manufacturer to induce the company to locate its first United States production facility in Grove City.

On Monday, Feb. 3, Grove City Council is scheduled to vote on an ordinance that will authorize City Manager Chuck Boso to enter jobs development and incentive agreement with S&T Automotive America.

The agreements cover property at 3900 Gantz Road which S&T plans to purchase. The company will use the site near the intersection of Stringtown Road and Interstate 71 to manufacture shock absorbers.

According to the proposed agreement, the project is expected to bring 80 jobs to the city with an estimated total annual payroll of $2.2 million, along with a capital investment of $6.5 million.

The city administration is asking council to pass the agreement as emergency legislation, which would bypass a second reading of it and put it into effect immediately.

The agreement also comes with the stipulation that S&T will move into the property as soon as "practicable" and be in operation within 12 months.

Read the full story in the Feb. 6 edition of ThisWeek Grove City Record.

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