Funds will create 267 new jobs and retain 307 at-risk jobs

Columbus – Ohio Treasurer Kevin L. Boyce announced today that the Treasury issued $5.6m in bonds through the Ohio Enterprise Bond Fund (OEBF) for Intelligrated Inc. The bond will support the purchase and expansion of an existing facility in West Chester. Located north of Cincinnati, the facility will be used for assembly and distribution. This project will create 267 jobs and save 307 at-risk jobs in Butler County.

“The Ohio Treasury is committed to assisting companies to save and retain jobs in our state,” said Treasurer Boyce. “By investing in Intelligrated, the company can grow its operation and add to our workforce.”

Intelligrated is a leading American-owned supplier of automated material handling solutions with operations in the U.S., Canada and Mexico. The company provides material handling solutions for the warehousing, distribution, manufacturing and airport markets. Intelligrated is headquartered in Mason, OH, and has an additional facility in London, OH.

Developed in 1988 by the Ohio Department of Development (ODOD) in conjunction with the Ohio Treasury, OEBF provides a source of low-cost borrowing for qualified Ohio businesses. These funds will help retain and create jobs and promote economic development and financial security throughout the state. To date, the Ohio Treasury has issued $522,625,000, in bonds to support businesses across the state.

The mission of the Ohio Treasury is to protect and invest state funds, while providing innovative financial education and resources, empowering Ohioans to make smart money choices.