By Norm Heikens
A company that plans to move its headquarters from Columbus, Ohio, to the northeastern Indiana town of Angola has been based in Ohio only three years.
General Products Corp. was headquartered in Jackson, Mich., until 2005, when it accepted economic development incentives to move to Columbus, according to The Columbus Dispatch. The auto-parts maker was founded in Jackson in 1922.
The company accepted $386,000 in property- and income-tax incentives over 10 years, and agreed to invest $6.7 million and create 80 jobs in a manufacturing site and the headquarters. It had created 76 jobs in Columbus as of December, the newspaper reported.
Those jobs will vanish after General Products moves to Angola, where it has an existing plant. General Products will create 61 jobs in Angola in addition to the 60 already working at the plant.
Indiana offered the company $650,000 in tax credits and as much as $72,500 in training grants based on job creation.
The Dispatch said the company had not informed Columbus officials of its decision and did not return messages seeking comment.
IBJ also was not able to reach the company for comment.