Frederick Steel Co. LLC plans to move from the Cincinnati neighborhood of Carthage to Woodlawn, where it will invest $8.2 million in a new 110,000-square-foot facility.

Frederick Steel, which makes and sells rebar used in construction, is a subsidiary of Springfield, Ohio-based Benjamin Steel. A spokesperson for Benjamin Steel could not be reached for comment.

The company plans to locate to a 12-acre site at 630 Glendale-Milford Road. The owner of the property had been considering bringing a storage facility to the site instead, HCDC Inc. vice president Harry Blanton told The Enquirer. HCDC formerly was called the Hamilton County Development Co. Inc. and is the official economic development agency for the county.

“Compared to what was going to happen, it’s definitely a big plus,” Blanton said.

In addition to the 41 jobs Frederick Steel will relocate from its Carthage location, the company plans to create six new, full-time positions over a three-year period. With the new positions, the company will have an annual payroll of $2.1 million.

The Hamilton County Commissioners recently approved an enterprise zone agreement for Frederick Steel. Under the agreement, the company will receive a 75 percent tax abatement for a six-year period.

The new investment includes $6 million for the new construction, $2 million for new machinery and equipment, and $150,000 for furniture and fixtures, according to a letter from HCDC economic development specialist Dustin Montgomery to the commissioners.

Benjamin Steel was once the structural steel division of Carthage-based Byer Steel Group. Benjamin Steel acquired Frederick Steel in December 2013.