An investigation by the Dayton Daily News found that between 2010 and 2011, the amount of taxpayer-subsidized tax credits, grants and low-cost loans given to businesses in Ohio increased 44.3 percent to $487.7 million. Of that, $200 million were tax credits given to companies that “simply agreed to keep existing jobs in Ohio after threatening to leave the state,” the article said. While Governor John Kasich defended his actions by saying that each company and situation was measured individually and that incentives matter when it comes to negotiating with businesses, critics of these incentives say that because of the troubled economy, the state is being bullied into giving these companies such large incentives, the article said. For more, read the full story.
Dayton Daily News examines Ohio’s tax incentives for businesses
