State tax credits have been awarded to two companies with plans to bring 300 more jobs to New Albany's business park east.

State tax credits have been awarded to two companies with plans to bring 300 more jobs to New Albany's business park east.

The Ohio Tax Credit Authority approved tax credits March 28 for Alene Candles and Axium Plastics.

"We are pleased that Axium Plastics and Alene Candles are one step closer to committing to locate facilities in the New Albany business park," said Jennifer Chrysler, New Albany's community development director. "The companies will collectively create 300 new jobs for the state of Ohio, the region and New Albany with a combined payroll of nearly $10-million."

Chrysler said local incentives were the next step in securing the companies' final decisions to build in New Albany.

"They are still considering all sites. We hope after the local incentives are in place and if approved, they will be making their final decisions (on building in New Albany)," she said.

Chrysler said the local abatement package would be presented to New Albany Village Council April 5.

As for the state incentives, Alene Candles, based in Milford, N.H., was awarded a seven-year, 45-percent job-creation tax credit to locate in New Albany. Job-creation tax credits allow a company to be refunded a percentage of its income taxes paid annually for the term of the incentive.

The value of the incentive is estimated at $214,000 over the seven years and the company must maintain operations at the site for at least 10 years. According to a release from the Ohio Department of Development, the candle-making company's estimated $8.2-million project is expected to create 135 jobs.

Chrysler said Alene Candles was looking for sites in the Midwest or western portion of the United States. She said if local incentives are approved, the company could be part of a 300,000-square-foot speculative production facility built by the Pizutti Cos. Alene Candles would occupy a portion of the building.

Axium Plastics, based in Mississauga, Ontario, was awarded a seven-year, 55-percent job-creation tax credit for the move to New Albany. The value of the incentive is estimated at $449,000 over the seven years and the company must maintain operations at that site for at least 10 years.

Axium manufactures plastic containers ranging in size from a half-ounce to 40 ounces for the food, personal care, health care and automotive industries, according to its website.

Axium's $16.2-million project would be housed in a 110,000-square-foot facility and would create 165 jobs, according to a release from the state.

Chrysler said the company would have room at that site to add another 110,000 square feet of space.

Since they would be locating in business park east, both projects would benefit the schools in Licking County through New Albany's revenue-sharing agreement. Chrysler said the Axium facility would be built in the Johnstown-Monroe Local School District and the Alene Candles facility would be within the boundaries of the Johnstown-Monroe and Licking Heights Local school districts.

Both projects are eligible for 100-percent tax abatements in business park east if they generate a certain amount of revenue per acre, Chrysler said, and both have estimated they can meet the minimum revenue stream.

Depending on the type of facility each decides to build, the companies could receive the abatement for 10 to 15 years. Construction of a "baseline 'green' building" provides for a 10-year term and construction of "an advanced 'green' building" provides for a 15-year term, Chrysler said.

Chrysler said the village and the New Albany Co., which owns the land marketed to the companies, worked with two state organizations to attract the companies to central Ohio.

"Through the continued support and cooperation of Columbus 2020! and the Jobs Ohio team we were able to help keep Ohio on the short list of sites and hopefully complete the deals in the next few weeks pending approval for local incentives," Chrysler said.