The Clermont County Port Authority has announced that Hamilton Safe Company broke ground on a $14-million manufacturing plant on Round Bottom Road in Union Township on Dec. 17. The 180,000-square-foot plant will make security products as well as pneumatic tube and audio/video systems.
The new headquarters for the company are expected to employee 250 people, with an annual payroll of $12.5 million.
The Clermont County Port Authority provided a tax exemption on the sales tax on construction materials. The Port Authority and Community Improvement Corporation will work together to help finance infrastructure improvements to the area. This financing will be repaid through tax increment financing (TIF) funds once the new buildings are constructed.
The improvements made by this project opens up more acreage near Round Bottom Road for future industrial development.
Hamilton operates three different facilities throughout the Cincinnati metro area. The company is a wholly-owned subsidiary of Gunnebo Group, based in Gothenburg, Sweden.
Cincinnati Commercial Contractors developed the project. Costs include $11.9 million for construction, $957,900 for land acquisition, and $1.8 million for soft costs, developer fees and contingency.