Step2 is dedicated to the beloved state of Ohio. Step2 prides itself on helping out the community and showing local support. As of late August, Step2 has been approved to create 200 new jobs in Ohio! This is great news for the state of Ohio and Step2, as we continue to grow and succeed. We are proud and honored by the approval of our expansion.
Check out the official press release about our expansion details below:
THE STEP2® COMPANY RECEIVES
STATE APPROVAL ON EXPANSION, CREATING 200 NEW JOBS
Company’s growth to generate additional $5.3M in annual payroll
STREETSBORO, OHIO – Aug. 28, 2012 – Gov. John R. Kasich and Ohio’s Tax Credit Authority (TCA) approved $259 million for 17 projects to invest in the state’s communities on Aug. 27. A portion of those funds is earmarked for The Step2® Company, LLC, the largest U.S. toy manufacturer.
“We are pleased and grateful that Governor Kasich and the State of Ohio are supporting the Step2 Company’s long term commitment to grow our manufacturing business in Ohio,” said Jack Vresics, president and CEO, Step2. “Recent successful new products in the children’s toy category and home and garden category – as well as new product development initiatives yet to hit the market – are driving the employment growth in our two Ohio manufacturing sites.”
The employees in the company’s Ohio facilities, located in Streetsboro and Perrysville, are enabling Step2’s growth in both the North American and global marketplaces. The Streetsboro Global Headquarters houses the sales, marketing, product development, engineering, customer services, and administrative resources required to successfully drive the business worldwide.
The Step2 projects approved by the TCA are as follows:
- The Step2 Company, LLC, Village of Perrysville (Ashland Co.) expects to create 75 full-time positions, generating $2 million in additional annual payroll and retaining $7.7 million in existing payroll as a result of the company’s expansion project in the Village of Perrysville (Ashland Co.). The Step2 Company manufactures and distributes children’s rotational molded toys, infant products, and some home and garden plastic products. The TCA approved a 45 percent, six-year Job Creation Tax Credit for this project.
- The Step2 Company, LLC, City of Streetsboro (Portage Co.) expects to create 125 full-time positions, generating $3.3 million in additional annual payroll and retaining $19.5 million in existing payroll as a result of the company’s expansion project in the City of Streetsboro (Portage Co.). The Step2 Company manufactures and distributes children’s rotational-molded toys, infant products, and some home and garden plastic products. The TCA approved a 45 percent, six-year Job Creation Tax Credit for this project.
About The Step2® Company:
The Step2® Company includes the brands Step2® and Infantino® which foster learning and development through creative play in children from birth to school-age years. Based in Streetsboro, Ohio, Step2® is the largest American manufacturer of preschool and toddler toys, and the world’s largest rotational molder of children’s and home products, including children’s play kitchens, playhouses, outdoor toys and ride on toys, as well as home products such as mailboxes, gardening aids and trash cans. Learn more at www.Step2.com.
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