The Ohio Tax Credit Authority (TCA) approved Monday state assistance for 17 projects expected to create nearly 2,000 jobs in Ohio and generate $141 million in new payroll as well as prompting $169 million in other investments during the next several years, according to Gongwer and The Hannah Report. The authority approved new incentives for VXI Global Solutions, Inc.; Avon Bearing Corporation; Kanan Enterprises, Inc.; SFS intec, Inc.; Eagle Railcar Services-Cairo, Ohio, LLC; NRI Industrial Sales LLC; Taiho Corporation of America; AcuSport Corporation; ECR Internet Services; International Business Machines (IBM) Corporation; USA Vinyl, LLC; Progressive Medical, Inc.; Minova USA, Inc.; Huhtamaki, Inc.; Polaris Sales Inc.; Rhinestahl Corporation; and Sunstar Engineering Americas Inc.
The TCA also voted to take remedial action against 16 other companies it said didn't fulfill promises made to receive credits. The actions against the companies include reductions in rate or term, adjustment of commitments or terminations without claw-backs. The companies TCA is taking remedial action against are ABC Manufacturing; Amano Cincinnati; Aptima; E Retailing; FirstGroup America; Hexion Specialty Chemicals; Hydrodec Group; Kendle International; North American Business Industries; PCC Airfoils; Restoration Hardware; SBC Advertising Ltd.; Whirlpool Corp & Kenco Logistics Services; Willard & Kelsey Solar Group, Inc.; and Zyvek Performance Materials.
