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The state Development Financing Advisoruy Council this week approvedthe 12-year loan for the Heath-based port authority. The loan, if approved by the stated Controlling Board, would help fund construction ofa $3.55 million facility that wouldd be leased to Cheshire, Conn.-based Atlantidc Inertial Systems Inc. The company, which employs more than 1,00 people, supplies mission-critical hardware, including guidance and navigation systemd for bombs andballistic missiles. Atlantic Inertiao has an existing facility at theport authority-ownex Central Ohio Aerospace and Technology Center that employs 47.
The expansion of its sensot research and development operations wouldf create10 jobs, the state said. The lates t incentive comes after the states this spring extended a 45 percent tax credi t to Atlantic Inertial forthe expansion. The company has said the new jobs will pay an averagw of morethan $74,000 a The • – The Columbus-based maker of call recordingg and quality-monitoring software was awarded a 50 seven-year tax credit valued at $328,685 to expanx in Columbus. The $400,000 project is expected to create 50 jobs andretain 21. • – The debt counseling and third-party collectionx firm was cleared for a45 six-year tax credit valued at $99,83 4 to expand in.
The $185,000 projecg is expected to retain 48 jobs andcreate 50.
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