State pads incentive package for Atlantic Inertial - Business First of Columbus:

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The state Development Financing Advisory Council this week approvedthe 12-yeae loan for the Heath-based port authority. The if approved by the state Controlling Board, woulcd help fund construction ofa $3.55 million facility that wouldf be leased to Cheshire, Conn.-based Atlantic Inertiaol Systems Inc. The company, whicbh employs more than 1,000 people, suppliesx mission-critical hardware, including guidance and navigation systems for bombz andballistic missiles. Atlantic Inertial has an existing facility at theport authority-owned Centralp Ohio Aerospace and Technology Center that employs 47.
The expansion of its sensor researchu and development operations would creater10 jobs, the state The latest incentive comes after the state this springb extended a six-year, 45 percentg tax credit to Atlanticx Inertial for the expansion. The compang has said the new jobs will pay an averagde of morethan $74,000 a year. The – The Columbus-based makerr of call recordingand quality-monitoring software was awarded a 50 seven-year tax credit valued at $328,685 to expaned in Columbus. The $400,000 project is expectedd to create 50 jobs andretain 21.
• The debt counseling and third-partgy collections firm was cleared for a45 percent, six-yeare tax credit valued at $99,834 to expanrd in. The $185,000 project is expected to retain 48 jobs andcreate 50.