Guest column: Collaboration to Boost Manufacturing

 

Here in Ohio, manufacturing has long been the backbone of our economy and a key point of civic pride. Today, the sector continues to thrive and is a leader in job growth.

To keep the manufacturing momentum going, joint investments and job-creating collaboration between the public and private sectors is essential.

It is critical that we maintain this joint effort despite economic uncertainty and political pressures.

For example, Milacron recently made $1.5 million in capital investments for equipment to expand capabilities at our Mount Orab facility. As a result, we anticipate adding 35 or more new jobs over the next three years, joining the 710 jobs we already supply in the region. To support this job growth, the Ohio Tax Credit Authority has awarded our company an employee tax incentive.

In the current climate, it isn’t easy for any business to be making big investments like ours. Tax credits, like the one Milacron recently received, create an attractive, win-win environment in which to invest.

And because such credits are tied directly to a real result – in Milacron’s case, the creation of at least 35 new jobs in Brown County – the credits ensure that taxpayers get a worthy return on their investment, ultimately benefitting the entire region’s economy.

As Sandra Pianalto, president and CEO of the Federal Reserve Bank of Cleveland, pointed out in her recent column, “Cautious optimism for manufacturing” (Dec. 6), many manufacturers are investing in new plants and equipment and creating new jobs in the region. As we strive to keep growing, Milacron and other manufacturers in the region need and value the support of the public and public policy makers.

Working together through tax incentives and other initiatives, we will continue to strengthen our economy, add jobs and create real, sustainable growth.

John Francy is chief financial officer of Milacron LLC.

Original Article:
Guest column: Collaboration to Boost Manufacturing
nky.com
December 28, 2011
John Francy, chief financial officer of Milacron LLC, explains how joint investments and job-creating collaboration between public and private sectors is essential to keep the manufacturing momentum going.

About Milacron

Milacron LLC and its businesses are committed to being the leading suppliers of plastics-processing technologies and industrial fluids around the world. The people of Milacron’s companies know what matters in manufacturing, and every day, put this knowhow to work to help customers improve productivity, cut costs, increase energy efficiency, eliminate scrap and reduce cycle times. For further information, visit www.milacron.com.

Press Contact:
Bob Starr, Director of Marketing, +1-248-544-5718 or bob_starr@milacron.com