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The advance of artificial intelligence is an increasingly prevalent topic, particularly as it relates to how it will impact our workforce. Much of that conversation is about how disruptive it will be or how…
Ohio incentives lure Resonetics to expand
Life sciences micro manufacturer selects Midwest facility over Nashua base for investment
A Nashua-based company has decided to expand a facility in Kettering, Ohio, rather than New Hampshire, thanks in part to a state assistance package.
Micro manufacturer Resonetics LLC was awarded an eight-year tax credit of 1.493% to expand in Kettering, a suburb of Dayton. Resonetics’ expansion is expected to generate $5 million in new annual payroll and retain $7.3 million in existing payroll, according to the state. Resonetics already has about 147 employees in a 20,000-square-foot facility in Kettering.
The estimated value of the tax credit is $570,000 if all elements are met by the company, according to the Ohio Development Services Agency.
The Dayton Journal reported, according to state documents, Ohio is one of a few states — including New Hampshire, California and Minnesota — that were considered for the project. The documents said state support would “help ensure the proposed project moves forward in Ohio.”
The Nashua-based firm focuses its technology on components and assemblies for medical device and diagnostics manufacturers, according to its website. It has 10 offices across four countries.
