Tool & Die tax credit

YOUNGSTOWN

The Ohio Tax Credit Authority approved a job-creation tax credit for Youngstown Tool & Die Co., which is expanding in the city and creating 60 new full-time jobs.

The company will generate $2.5 million in new annual payroll and retain $2 million in current payroll as a result of the project.

The company employs about 43 people at its 1261 Poland Ave. location. It provides custom designed aluminium extrusion dies.

Youngstown Tool & Die officials said last year they wanted to spend at least $13 million to construct a new building, add equipment and hire additional employees.