Baker Hughes is planning to build a $64 million facility in Massillon (Stark County), Ohio. The announcement comes just a month after Baker Hughes announced they are building a new $40 million facility in Harrison County, West Virginia (see this MDN story). The company plans to employ 700 people at the Massillon facility when it’s done (in three years), at an average hourly wage of $31.25. The economic impact in eastern Ohio will be profound.
Baker Hughes Inc., one of the world’s biggest well-services operations, on Monday won a 65 percent, seven-year Job Creation Tax Credit from the Ohio Tax Credit Authority. The value of the award is estimated at $10.13 million.
The tax credit is among the largest the state agency has approved, said Katie Sabatino, a spokeswoman for the Ohio Department of Development.
Monday’s action is one step toward completing the Baker Hughes deal, officials cautioned. The company is still negotiating with state, county and local agencies on additional incentives, but no details have been released on those efforts.*
Nationally, Baker Hughes is the number two well services provider behind Halliburton. The Massillon building is due to be constructed on a 108.5-acre parcel along U.S. 30 in Northeast Ohio Commerce Park.
*The Akron Beacon Journal (Feb 27, 2012) – Well service company plans $64 million facility in Massillon; 700 jobs eyed