Columbus – Ohio Treasurer Kevin L. Boyce announced today that a $4.9 million Treasury bond deal will create 32 jobs and save another 40 at a Lorain foundry.

The bonds for National Bronze & Metals, Inc., which operates the foundry, are issued through the Ohio Enterprise Bond Fund (OEBF).
 
“The Ohio Treasury is committed to helping keep and create as many jobs for Ohioans as we can,” said Treasurer Boyce. “Ohio has seen too many jobs disappear in these tough economic times and it is our mission to get them back and create more opportunities. This deal with National Bronze & Metals is one of those opportunities.”
 
National Bronze & Metals, Inc. is a leading manufacturer and distributor of brass, bronze and copper alloys. The company is based in Houston, Texas.  Its mid-west distribution center is located at the Lorain foundry, which is listed as one of the top producing continuous cast foundries in the United States.
 
This state loan will help National Bronze & Metals, Inc. buy new foundry equipment to keep up with market demand.
 
The Ohio Enterprise Bond Fund (OEBF) was created in 1988 in conjunction with the Ohio Department of Development (ODOD) in order to provide a source of low cost borrowing for Ohio businesses.  Since that time, OEBF has issued project bonds totaling over $512,710,000. These funds can purchase land, buildings and equipment that will create and retain jobs and further promote economic development throughout the State of Ohio.
   

MEDIA CONTACT:  Simone Wilkinson /614.644.4407