Last updated 7:40PM ET
October 20, 2017
WOUB Local News
WOUB Local News
Ohio offering a loan to attract a new business
(WOUB) - The state is offering a $3.5 million loan and a 50% tax credit to Miba Sinter USA to get the company to come Ohio.

Miba Sinter is considering Morgan County, Michigan, Austria and China for a new plant.

Miba Sinter is part of a business that makes components for cars.

The Ohio Department of Development, which just announced the tax credit and loan, says this is a $22.5 million project.

It's expected to create 60 jobs.

The Morgan County Community Improvement Corporation proposes to build a 35,000 square-foot building and lease it to Miba Sinter.

The site is adjacent to an existing Miba Bearing business.
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