MEVA expanding at Springfield's Airpark Ohio
The City of Springfield is planning to sell six acres of land to the German-based company MEVA Formwork Systems for approximately $148,000. The company plans to expand its U.S. operations at its current Clark County Airpark Ohio location, and the expansion will create 15 new jobs in the next three years.
Springfield and MEVA have reached an incentive agreement which states the company will retain 35 jobs and create 15 new ones over the next three years in exchange for approximately $9,500. City officials say the new jobs will pay nearly $42,000 per year.
MEVA, which manufactures slab and wall formwork systems used by construction companies, is expected to make an investment totaling around $2.5 million on the expansion project which will include: construction costs and equipment.
The expansion at Airpark Ohio will allow the company to store new and used equipment, which is transported overseas from Germany.