Moraine City Council unanimously approved an application by the auto glass producer for a 12-year, 100% tax abatement on Thursday. The agreement stipulates the project will start Jan. 1, 2023 and all acquisition, construction and installation will be completed by Dec. 31, 2024.
It also requires Fuyao to hire 500 full-time permanent jobs in Moraine within 36 months after construction of the facility: 150 in 2025, 150 in 2026 and 200 in 2027.
The projected total employment will result in approximately $26 million of annual payroll for Fuyao once all pledged jobs are created, according to the agreement.
Fuyao operates at the former GM Assembly plant off Stroop Road and Springboro Pike, where GM closed in 2008. The company, which is based in China, opened the Moraine plant in October 2016. It employs approximately 2,000 people.
Amy Lei, the company’s vice president, said Fuyao Glass America appreciates the support from government, economic development organizations and community partners.
“We are grateful for our customers’ trust and employees’ dedication,” Lei said in a statement. “Fuyao is the largest auto glass supplier in the world. The planned expansion is fully in line with our growth strategy to meet increasing customer demand.”
Moraine City Manager Michael Davis previously said a Fuyao commitment would be “a sound investment” that will allow the Moraine location, the company’s north American headquarters, to meet current and future demand and continue Fuyao’s growth.
“The importance to our city and region is Fuyao’s faith of knowing our city and regional citizens can meet the demand of providing exceptional collaborative economic development and an experienced hardworking and talented labor force,” he said.
On Tuesday, Montgomery County commissioners approved $750,000 in county development funds to assist Fuyao’s expansion effort in Moraine.
Staff Writer Tom Gnau contributed to this report.
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