The Ohio Controlling Board on Dec. 13 awarded a $150,000 Rapid Outreach Grant to the Knowlton Development Corp. for its 250,000-square-foot manufacturing plant in New Albany's business park east.

The Ohio Controlling Board on Dec. 13 awarded a $150,000 Rapid Outreach Grant to the Knowlton Development Corp. for its 250,000-square-foot manufacturing plant in New Albany's business park east.

The grant, which is expected to be the final state incentive for the company, covers "costs associated with the acquisition of new machinery and equipment in support of the company's project," according to information from the state.

Knowlton Development Corp. has several companies that manufacture personal-care and beauty products. The company's $55-million project is expected to create 200 jobs with an estimated annual payroll of $8-million. The facility will be part of the personal care and beauty campus, which extends north and south of state Route 161 and east and west of Beech Road.

The company already has received 55-percent job-creation tax credit for nine years, which is valued at an estimated $655,000. This refundable credit, issued through the Ohio Tax Credit Authority, allows a company to be refunded a percentage of its income taxes paid annually for the term of the incentive. Knowlton Development Corp. is required to maintain operations in New Albany for 12 years to receive the incentive.

New Albany Village Council also approved on Nov. 16 a 100-percent real property tax abatement for 10 or 15 years, depending on LEED eligibility for the project. LEED stands for Leadership in Energy and Environmental Design and involves the use of several criteria to determine "green" certification for facilities. The personal care and beauty campus requires LEED-certified buildings.

The facility will be within the boundaries of the Johnstown-Monroe Local School District, which will benefit through the village's revenue-sharing agreement with local schools.