Ohio Approves Tax Break to Lure MAC Trailer Project
ALLIANCE, Ohio – The state approved a tax credit worth $335,000 to encourage MAC Trailer Enterprises Inc. to expand its operations here.
The Ohio Tax Credit Authority approved a 1.339%, seven-year tax credit Monday for the company, which is considering an expansion to meet increased demand, according to state documents. The proposed expansion would permit the company to increase output of its framed and frameless dump trailers.
MAC Trailer expects to create 80 full-time positions, generating $4 million in new annual payroll, and retain 85 full-time jobs and $4.5 million in existing payroll, state officials said.
MAC Trailer Enterprises and its affiliates manufacture and market standard and customized dump, platform, pneumatic tank, liquid tank, refuse trailers and dump bodies under the Beall, MAC LTT, MAC Trailer and Trailstar brands, the company said in an emailed statement. The trailers are manufactured at 12 manufacturing plants in the United States, including five in Ohio that have more than 1,000 employees of the company’s 1,600 employees.
Ohio is competing with Oklahoma and Texas for the project, state officials said. MAC Trailer is considering expanding either its Alliance or Smith township facilities.
The proposed project was among four that the state approved tax breaks for at Monday’s meeting of the Tax Credit Authority.
“As a result of continued growth over the past number of years, both MAC Trailer and Trailstar have gotten to the point where they are unable to meet the demand for trailers that have been ordered and/or requested by customers,” Mike Conny, owner, said.
He expected a decision to be made regarding the project in the next few weeks. Locally, both the Smith township and Alliance locations are being considered.
“This new addition will not only allow for more trailers to be manufactured, but it will also allow for new, good-paying jobs to be created for people in our local community,” he said. “Some of the new positions that will be created are welding jobs, forklift operators, office staff employees, engineers and material managers.”
Published by The Business Journal, Youngstown, Ohio.