Ohio regulators approved tax breaks Monday for two very different employers expecting to add nearly 760 jobs between them: a South Korean battery manufacturer setting up shop near Jeffersonville and Walmart building a massive new distribution center in Turtlecreek Township. Together, the projects represent about $56.63 million in combined new annual payroll.
The Ohio Tax Credit Authority signed off on the incentives September 28, 2026, as part of a broader package covering five projects statewide, according to the Springfield News-Sun. Ohio Gov. Mike DeWine's office said the Authority approved the tax breaks as part of an incentive round the governor's office says will generate over $79 million in new annual payroll statewide, according to the Office of Governor Mike DeWine, alongside more than $431 million in total capital investments. Statewide, the five projects are expected to create 1,173 new jobs and protect 601 existing ones, per the same account.
Sebang's First U.S. Plant Lands in Fayette County
Sebang Lithium Battery Ohio LLC expects to create 443 full-time-equivalent positions and generate more than $37.1 million in new annual payroll at a proposed Fayette County project, the News-Sun reported. The company would produce lithium-ion battery packs for electric vehicles, forklifts, and other vehicles, and the project would establish Sebang's first U.S. facility, making energy storage system modules and battery packs. The Ohio Tax Credit Authority approved a 2.003% job-creation tax credit for the project, which Sebang may claim against new Ohio payroll at the site for 10 years, with the jobs expected by December 31, 2029.
A Korean media outlet reported in June that Sebang Lithium Battery would establish an Ohio subsidiary, and that it plans to produce battery modules for LG Energy Solution's grid-scale energy storage system products. That shift tracks with a broader pivot underway next door in Jeffersonville, where LG Energy Solution and Honda Motor Co. redirected their joint venture's initial production strategy in mid-2026 from electric vehicle battery cells toward stationary energy storage systems packaged by LG Energy Solution Vertech.
A Battery Ecosystem Already Taking Shape
Honda and LG Energy invested more than $4.4 billion to build a 2-million-square-foot EV battery plant in Jeffersonville, which launched production in summer 2026, per the News-Sun's reporting. That facility, known as L-H Battery Company, is a $4.4 billion joint venture between LG Energy Solution and Honda that officially began mass production of lithium-ion battery cells on July 1, 2026, according to the Record-Herald, with plans to scale from more than 1,000 current employees to 2,200 full-time associates at full capacity.
Sebang Group, the South Korea-based parent company, identifies Rocket as its flagship brand; the Naval Technology Research Institute, the foundation of Sebang Global Battery, was established in 1953, according to Sebang Group.
Walmart's $300 Million Bet on Warren County
Walmart expects to create 315 full-time-equivalent employees and generate $19.5 million in new annual payroll at a project in Turtlecreek Township, according to the News-Sun. The retail giant is investing more than $300 million to construct a new non-sortable fulfillment facility on a nearly 100-acre parcel at 760 Encore Drive, according to JobsOhio. The build-out is designed to move oversized goods like televisions and furniture closer to regional customers, enhancing Walmart's next-day delivery supply chain network for exceptionally big or bulky items.
Walmart said the new facility will complement its existing fulfillment operation in Monroe, Ohio, which employs more than 200 associates, the News-Sun reported. The company currently employs nearly 60,000 associates across Ohio and operates more than 175 retail stores, Sam's Clubs, and supply chain facilities throughout the state, per JobsOhio. The Ohio Tax Credit Authority approved a 1.662% tax credit for the Walmart project, lasting nine years, with jobs expected by December 31, 2029.
Why Turtlecreek Township Made the Cut
The strength of the I-75 corridor is one factor in the region's appeal for industrial investment.
Sebang and Walmart are each expected to reach their job-creation targets by December 31, 2029.
