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Team Plans Aerospace Testing Center in Cincinnati
International public company Team Inc., who performs maintenance and repairs at industrial sites like refineries and pipelines, is looking at expanding its operations in Cincinnati. Team Industrial Services Inc. (Team Inc.) is eyeing plans to establish an aerospace inspection and testing center in Cincinnati. The testing center would create 75 jobs generating $4.8 million in new annual payroll.

The Ohio Tax Credit Authority approved a nearly 1.6%, eight-year tax credit for Team (NYSE: TISI). As part of the tax credit agreement, the company is required to maintain operations at the project location for at least 11 years. The estimated value of the state tax credit is $555,000.

Read the full article at Biz Journals.