A Fortune Global 500 company, Schneider is an energy management and automation company. It provides a comprehensive range of solutions for low-voltage electric distribution, including circuit breakers, buses, enclosures and switchboards tailored for industrial equipment manufacturers, life sciences, and chemical industries.
“Fairfield Twp. is thrilled to welcome Schneider Electric to our community. Economic development has been a long-standing objective that supports a strong fiscal position,’’ said Shannon Hartkemeyer, Fairfield Twp. trustee.
“Once again our township proves itself to be a fantastic place to live, work, and play.”
The move comes just two weeks after it was announced the company was spending $25 million to retool its Union Centre Boulevard building in Fairfield, adding 100 jobs.
The new building will be the third constructed by developer Al. Neyer in the 146-acre Fairfield Twp. industrial park at the Fairfield/Fairfield Twp. border on Seward Road near Tylersville.
On Monday the Ohio Tax Credit Authority approved a 1.508 percent, 10-year tax credit for Schneider as an incentive to retain existing jobs in Butler County, add 100 new jobs in Fairfield and 150 new jobs that will join the relocated employees at the new Fairfield Twp. building once it opens.
Fairfield Twp. has already reviewed and approved the building, site, and utility plans for the new building, said Chuck Goins, interim township administrator.
“We are thrilled that Schneider has chosen to invest in a state-of-the-art facility here in Fairfield Twp.,” Goins said.
“We want to thank our local partners at REDI Cincinnati, the City of Fairfield and JobsOhio for working collaboratively with Fairfield Twp. to attract Schneider to this site. We also want to thank Gov. DeWine and the TCA for their approval of the Ohio tax credit for this project.”
Two years ago, the city and township entered into a Joint Economic Development District that includes the industrial park. It allows the city to impose its 1.5 percent income tax on employees within the district.
Those dollars would be shared, with the township receiving 75 percent, and city 25 percent, after the city is paid a five percent administrative fee.
It also called for road improvements, with the cost being shared by the city, township, and Al Neyer. To date, Seward Road has been widened to three lanes near the industrial park and a roundabout opened recently at the corner of Seward and Tylersville roads. Additional improvements are planned for 2025.
“One of the biggest compliments that a community can receive is to have a business grow, expand, and grow their workforce,’’ said Nathaniel Kaelin, economic development manager for Fairfield.
“That says a lot about the Fairfield business community, our workforce, our infrastructure, and the type of environment we try to create to promote growth.”
Goins said he anticipates construction to begin next year.
The payroll for the new jobs is estimated at $15 million annually, according to the state.
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