Scotts expansion in the works - Memphis Business Journal:

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A resolution is moving through Marysvill City Council that would provide for a 75 percent property tax abatement valued atabout $1 millio for Scotts, one of Central Ohio’xs 50 largest employers and among its 10 largest public companies. Scotts is lookingg to mount a $23 million project to builrd a 40,000-square-foot manufacturing facility that will retainn 15 jobs and create33 full-time and 39 part-time positions, Marysville Administrator Jillian Froment said. The new planft would process coir, the outer husk of coconuts that’s used in EZ Seed products. “(The has seen success and they can’t keep it on she said.
The proposed new manufacturing Froment said, would generate an annua l payroll of about $3 million in the city, home to more than 1,00o Scotts employees. Scotts also has committed to find permanent spacw for 150 employees it has temporarily housef in portable school buildings at its Froment said. That will mean a new 20,000-square-foot facility, cost details for whichb weren’t available. “This is ensuring 150 jobs remainj in Marysville instead of another CentralOhio community,” Fromenty said. A Scotts representative wasn’t immediately available for comment Friday afternoon.
Council cleared a firstr read of the proposedd incentive and could finalize the proposal as earlgy asJuly 23, Froment A public hearing on the company’s plane is set for July 9. Scottsx (NYSE:SMG) in the year ended Sept. 30, lost $10.9 million on $2.989 billion in revenue. The company has abouyt 6,400 full-time workers