Tuesday, February 25, 2003

Tristate Summary



Ohio job agency OKs two projects

The Ohio Job Creation Tax Credit Authority Monday approved incentives for two area projects - one an expansion and the other a new employer.

Brazing Concepts Co., a Michigan-based company which does metal joining for the automotive industry, plans to lease a 49,600-square-foot plant on Port Union Road in Fairfield. The plant, which was approved for a 50 percent five-year tax credit, will employ 30 within three years, state officials said. The five-member tax credit authority also approved a 70 percent, 10-year tax credit for Patheon Pharmaceuticals Inc., Canadian drug development and contract manufacturer, which bought the Aventis Pharmaceuticals plant in Reading.

Patheon is planning an expansion which would create 150 new jobs over three years. The plant now employs 476.

GE managers join industry groups

Dr. Mike Benzakein, general manager of advanced engineering at GE Aircraft Engines, has been named a fellow of the Royal Aeronautical Society.

Royal Aeronautical Society Fellows are recognized for significant aerospace contributions and informing global opinion on aviation. Brian Rowe, retired GEAE chairman, is believed to be the only other GEAE official to receive the award.

Benzakein, who joined GEAE in 1967, has led engineering teams for the CFM56 and GE90 engines.

GEAE also announced that Corbett Caudill, GEAE vice president and general manager of engineering, has been elected to the National Academy of Engineering for technical leadership in gas turbine design. He joined GEAE in 1968.

Magazine has new publisher

Patrice Watson is the new publisher of Cincinnati Magazine, owner Emmis Publishing announced Monday.

Watson joined the magazine as advertising director in 2000 and will assume the new job immediately.

- Staff reports




LOCAL BUSINESS NEWS
P&G to appear on 'Idol'
Trade pact negotiators meet public
Ohio Casualty eliminates 87 jobs
Tristate Summary
What's the Buzz?
Morning Memo: Hot tips & news to start your business day

WORLD-NATIONAL NEWS
Ahold execs resign in scandal
February weather kept buyers home