DevelopOhio

JobsOhio is touting CareSource’s $38.9-million investment in Dayton as a success story for the state, calling it “the major driver of downtown Dayton’s revitalization,” the Dayton Business Journal reports. A JobsOhio case study calls the “continued growth of the $7.2 billion Medicaid, Medicare Advantage and health insurance company” a “model for other companies in the biohealth industry looking to grow in the state.” CareSource has committed to 650 new jobs in the region, with 400 of those in the next three years; by 2020, the company plans to employ 2,500 people in the Dayton area. The Ohio Tax Credit Authority approved a 40-percent job creation tax credit through 2021 for the company, and JobsOhio awarded CareSource a $300,000 revitalization grant. In return, the company “is growing its payroll commitment in the Dayton area to $129.15 million” and its fixed-asset investment to $42.39 million. For more, read the full article.