NEW YORK (GenomeWeb News) – Thermo Fisher is planning to upgrade and add more than 100 jobs to a facility in Marietta, Ohio, a company spokesperson said this week.
The firm made the decision to upgrade the facility after it was announced yesterday that it would receive a seven-year, 50 percent job-creation tax credit from the state of Ohio.
Thermo Fisher will be adding production capacity and general upgrades to the approximately 420,000-square-foot Marietta facility, which manufactures cold storage equipment for laboratories, the spokesperson said.
In addition, the company plans to create 116 full-time equivalent employees in connection with the facility upgrade.
Thermo Fisher is one of 15 companies that will receive tax credits from Ohio to create new jobs in the state, according to a statement issued yesterday by the Ohio Department of Development.
As part of its tax-credit agreement, Thermo Fisher is required to maintain operations at the Marietta project site for at least 10 years, and it will invest at least $1.7 million into upgrading the facility, including $1.2 million in machinery and equipment, $300,000 in facility renovations, and $200,000 in on-site infrastructure improvements.
In March, Thermo Fisher cut 24 jobs from the same facility in Marietta. Though it declined to disclose details of the job cuts at the time, a company spokesperson told GWDN this week that those jobs were eliminated as part of a specific customer service function that was consolidated into the company's Asheville, NC, site.