Governor Kasich was in Wilmington recently to join CTM in announcing the creation of 140 new jobs and the retention of 50 more. The News Journal has more:
A high level of support from local and state officials is a big reason Cole Taylor Mortgage (CTM) moved to Wilmington, the company’s president said Tuesday.
Since the company began negotiating its move to Wilmington, local officials made them feel “at home,” said CTM President Willie Newman before a crowd of local officials and company employees during an event attended by Gov. John R. Kasich on Tuesday at CTM’s office on Rombach Avenue.
Newman also praised the efforts of JobsOhio, the governor’s signature job creation initiative.
“I’ve never experienced a group working for the government that’s so proactive,” he said. “It’s been refreshing and been a tremendous experience, and we’ll consider that experience as we contemplate future growth and expansion.”
CTM purchased the mortgage servicing rights for 4,600 Liberty Savings Bank loans, and was awarded a 60-percent, eight-year Job Creation Tax Credit by Ohio’s Tax Credit Authority in June for the creation of 140 new jobs and the retention of 50 former Liberty Savings Bank employees.
The company expects to generate $5.6 million in new annual payroll and retain $1.8 million in existing payroll.
“What Willie will tell you is it’s a very competitive environment,” Kasich said. “If we cannot meet their needs, they’re not coming here.”
Pointing out that 1,100 jobs have been added and retained in Wilmington since January, Kasich praised CTM’s expansion in the city on Tuesday.
“No matter what you do here, you will always be glad you put resources here, because the folks who play by the rules, who didn’t have things come out the right way, are very hungry to get back up on the horse and ride again and give you everything they have to be productive and positive citizens,” Kasich said.
You can also watch a short video here: