Hilliard-based Rich Products Corp. hopes to be rolling in dough if its expansion plans are approved by Hilliard City Council and the Ohio Job Creation Tax Credit Authority.

Hilliard-based Rich Products Corp. hopes to be rolling in dough if its expansion plans are approved by Hilliard City Council and the Ohio Job Creation Tax Credit Authority.

The company produces a variety of frozen food products, including more than 40,000 doughnuts a day, at its facility at 4600 Northwest Parkway.

Hilliard Economic Development Director David Meeks asked members of City Council's Economic and Community Development Committee to approve an economic development agreement with the company to help with expansion plans.

Rich Products Corp. currently has 163 employees who earn an average of $40,000 for a total annual payroll of $6.5-million.

"They are a long-time Hilliard corporation," Meeks said. "They are adding two new doughnut-making lines. They will be installing new equipment at an investment of about $6.8-million. Any time you can get an existing company to invest that much in their facilities it always bodes well for your long term prospects of keeping them."

Meeks said the expansion means the company's workforce would surpass 200 and that Rich Products Corporation has also recently closed on 11 acres of land behind its existing facility for future expansion.

Meeks said the city is offering a 25 percent payroll tax incentive over a 10-year term as a local match so Rich Products can apply for grant dollars from the State of Ohio and job creation tax credits.

"Right now, the project is not guaranteed until the state approves it," Meeks said. "It is contingent upon Rich getting those incentives."

The total value of the local incentive is $99,822 over the term of the agreement.

Meeks said the expansion project is being driven by the aggressive growth plans being implemented by national chain Dunkin Doughnuts.

"I think this expansion relates to the Dunkin Doughnuts expansion, which is a major nationwide expansion," Meeks said. "I think Dunkin Doughnuts is looking for up to 60 new locations just in the central Ohio region."

Rich Products Corp. was founded in 1945 by Robert E. Rich Sr., who discovered that a vegetable-based replacement for whipped topping could be developed from soy beans. When he discovered the soy bean substance could be frozen, thawed and whipped he revolutionized non-dairy food processing and the evolving frozen food industry.

Committee members unanimously approved the economic development agreement and forwarded it to the full council, where it received its first reading Monday night.