As Part of Results for the Middle-Class Tax Reform Tour, Portman Visits Ariel Corporation
Company Investing in Equipment, Increasing Pay, and Expanding Employee Benefits as A Result of Tax Savings
MT. VERNON, OH – Today, U.S. Senator Rob Portman (R-OH), as part of his Results for the Middle-Class Tax Reform Tour, visited and toured Ariel Corporation, the world’s largest manufacturer of separable reciprocating gas compressors. As a result of the savings from the Tax Cuts & Jobs Act, Ariel Corporation is expanding manufacturing capabilities, increasing wages and retirement benefits, and continuing to give back to the community.
“Ariel Corporation is another great example of an Ohio company using their tax reform savings to invest in their employees, reinvest in their equipment, and give back to the community,” said Portman. “All over Ohio we’re already seeing significant benefits of this new law. I’ve visited 17 businesses around Ohio that have announced new investments in their businesses and their workers, including higher wages, bonuses, new plants and equipment, and more retirement benefits. I’m excited about the opportunities ahead, and I will continue to work with companies throughout Ohio to help spur new economic growth and development.”
“Senator Portman understands that it is the private sector, not the government, that creates jobs and grows the economy,” said Karen Buchwald Wright, Chairman, President and CEO of Ariel Corp. “We appreciate his continuing support toward that end.”
So far on his tax reform tour, Portman has visited Kroger, Worldpay Inc. and the Sheffer Corporation in Cincinnati, the UH Rainbow Center for Women and Children and Tremco in Cleveland, the Fredon Corporation and Steris Corporation in Mentor, GKM Auto Parts in Zanesville, Wolf Metals in Columbus, Bruns General Contracting in Tipp City, Lima Pallet Company in Lima, Velvet Ice Cream in Utica, ProMedica in Toledo, the Ronald McDonald House in Akron, the YMCA in Youngstown and hosted a roundtable with members of the Ohio Craft Brewers Association in Columbus, all of which have announced new investments in their businesses and their employees because of the savings from the Tax Cuts & Jobs Act. This includes investing in new plants and equipment, increasing wages, paying bonuses, increasing charitable giving, reinstating health care, expanding 401(k) benefits and making additional contributions to employee pension plans.
Photos from the event are below: