Vienna Company Plans $5M Expansion, Another 50 Jobs
WARREN, Ohio – The Board of Trumbull County Commissioners on Wednesday unanimously approved tax incentives that would help a Vienna Township company expand and bring between another 40 and 50 jobs to the area.
Millwood Inc., which manufactures shipping pallets and packaging systems, was granted an abatement of 60% on property taxes over 10 years on new construction at its offices along International Boulevard.
Bruce Krarup, chief financial officer of Millwood, said the company plans to invest $5 million and construct a 17,000-square-foot addition at the site.
“We’re continuing to expand our technology and our product base,” he said. Recently, Millwood opened a new facility at the Ohio Commerce Park in Lordstown.
Krarup hopes to break ground by the end of this year and complete the project by late summer 2024. The expansion would be attached to and behind its existing headquarters at 3708 International Blvd., just off of Ridge Road. The company also operates a technology center at the campus.
“We’re excited about it,” he said. “I think it’s a great opportunity for the company, and we will continue to partner and grow in Trumbull County.”
Nic Coggins, director of economic development for the Trumbull County Planning Commission, said the project is expected to create approximately 50 jobs over the next four years.
Vienna Township trustees had earlier approved the tax incentives, he noted.
“This has been a business that’s been in Vienna for over 30 years, since the early ’90s,” he said.
Millwood has 39 locations across the United States and recently opened its newest plant at the Ohio Commerce Center in Lordstown.
Commissioner Mauro Cantalamessa said Millwood is a strong example of growth in and around Vienna Township. “We certainly appreciate the investment in Trumbull County,” he said. “A lot of times we think about Lordstown as the corridor or different parts of the county where the growth is. But Vienna is growing by leaps and bounds as well.”
Millwood’s project also serves as an example of how companies from all sectors of industry are expanding throughout the county, Commissioner Denny Malloy said.
“A lot of people talk about tech and Voltage Valley,” he said. “Millwood is a natural resources-based company. We do have 1,100 farmers in the county. We do have a lot of people involved in forestry and wood products,” he said, noting that Millwood has been active in several charitable events.
“We look forward to a long-term relationship and maybe see you back here for the next expansion,” Malloy said.
Pictured: Millwood Inc.’s Technology Center at its campus in Vienna.
Copyright 2023 The Business Journal, Youngstown, Ohio.