State Representative Dorothy Pelanda (R-Marysville) has announced that the State Controlling Board approved the release of $2 million for the purchasing of machinery and equipment at Veyance Technologies, Inc. in Marysville. According to documents from the Office of Budget and Management, Veyance Technologies has committed to creating 15 new, full-time jobs and retaining 398 jobs in Union County.
“This is certainly great news for the people of Union County,” Pelanda said. “The creation of jobs at Veyance Technologies is an indication of economic growth in the area, and its expansion will benefit workers and consumers alike.”
Founded in 1997, Veyance Technologies produces equipment, such as conveyer belts, industrial hoses and military tank tracks. The company’s recent expansion will be focused on the agricultural industry.
The appropriation comes at the request of the Ohio Department of Development in the form of a Facilities Establishment Fund.