Bare Escentuals Beauty, Inc. (Bare Escentuals), to be located in Obetz (Franklin County), has been awarded a 45 percent tax credit for a five-year term to establish a distribution facility. The value of the tax credit is estimated at $356,816 over the term, and the company would be required to maintain operations at the project site for 10 years.

Bare Escentuals is based in San Francisco, Calif., and develops, markets and sells cosmetics, skin care, and body care products under its i.d. bareMinerals, i.d. RareMinerals and Bare Escentuals brands, and professional skin care products under its md formulations brand. Bare Escentuals is one of the fastest growing prestige cosmetic companies in the United States and a leader in mineral-based cosmetics.

The company proposes to lease a 300,000 square foot-facility and invest $246,000 in site infrastructure costs, $3.5 million for the acquisition of new machinery and equipment, and approximately $276,000 in other project related costs. The facility will be used as a regional distribution facility for the distribution of the company's cosmetic products to customers, retailers, and company boutiques located in the Midwest, Southern and Eastern United States.

Ohio is in competition with Kentucky for this more than $3.7 million project, which is expected to create 217 jobs within the first three years of the project's initial operations.

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

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