LIMA, Ohio - Lima Pallet Co., a 100-percent women-owned manufacturer of custom wood pallets and crates, added 15 to 20 jobs through an expansion it says was prompted by the 2017 tax-cut law. The company was one of 100 manufacturers across the county identified by Americans for Tax Reform for increasing hiring, giving pay raises, or expanding operations.
“Within probably the first week [of tax reform], we ended up giving all of our employees a raise, which has been much-needed,” said Tracie Sanchez, Lima Pallet co-owner and president, the local WLIO-TV reported in March. “We haven’t been able to do that for several years in a row. We also invested in some equipment.”
Lima is investing around $500,000 in its expansion.
Signed into law in late 2017, the tax-cut law - formally known as the Tax Cuts and Jobs Act - cut corporate and individual income tax rates and eliminated certain tax loopholes.
“Thanks to the tax cuts passed by the Republican House and Senate and signed into law by President Trump, manufacturers are building new facilities, purchasing new equipment, hiring new employees, and investing in current employees through bonuses and increased benefits,” a statement Wednesday from the nonprofit Americans for Tax Reform said.
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