Tax credit approved for Vallourec's planned local expansion

Tax credit approved for Vallourec's planned local expansion

YOUNGSTOWN, Ohio (WKBN) - The Ohio Tax Credit Authority approved a tax credit for a company's local expansion, expecting to create 40 full-time positions in the area. Vallourec Star, LP, plans to expand its current operations to manufacture a newly developed and industrialized production line to meet increased demand. The Tax Credit Authority approved a 1.126 percent, seven-year Job Creation Tax Credit for the project, announced on Monday by Ohi…

Pipeline Maker Vallourec Gets Tax Break to Add 40 Jobs in Youngstown - Marcellus Drilling News

Vallourec Star, a steel pipe manufacturer in Youngstown, OH, serving the shale and other industries, was approved yesterday by the Ohio Tax Credit Authority for a seven-year job creation tax credit. It means the company will create 40 new full-time positions. The tax credit supports Vallourec Star’s plan to expand its current operations to manufacture...

State Panel OKs Tax Credit for Proposed $43.8M Vallourec Expansion

YOUNGSTOWN, Ohio – The Ohio Tax Credit Authority approved a seven-year, 1.126% Job Creation Tax Credit to support a potential expansion at the Vallourec plant here. The project would result in the addition of 40 full-time equivalent positions generating more than $2.3 million in new annual payroll, according to a news release from the Ohio […] The post State Panel OKs Tax Credit for Proposed $43.8M Vallourec Expansion appeared first on Business …