A label-making company will create 40 new jobs and expand its North American headquarters facility in Roselawn by 50,000 square feet under tax incentive agreements approved by the Cincinnati City Council.
Council approved a two-year extension to Eurostampa North America’s current job creation tax credit agreement, OK’d a two-year extension of the company’s existing property tax exemption and approved a new 12-year property tax exemption applying to the facility’s new square footage. The total city incentives are $762,135 over the next 12 years.
Eurostampa’s facility will grow from 73,000 square feet to 125,000 square feet at a $4 million cost. Employment there will grow from 109 to 149.
The agreement lines up with the city’s strategy to spur growth in certain neighborhoods, in this case the Seymour/Reading Road corridor.
“This furthers our commitment to investment and creating jobs that will continue positively impacting Cincinnati neighborhoods,” said City Manager Milton Dohoney in a statement.
Eurostampa was founded in Italy in 1966 and is family owned. It prints high-quality labels for consumer products, including wine, liquor, chocolates and beverages. Eurostampa’s clients include Diageo, Beam Global, Ferrero, Brown Forman and others.