Defiance City Council approved an incentive for Credit Adjustments to build a new corporate headquarters that will “bring dozens of new jobs” to the city, The Crescent-News reports. The company plans to build a new facility within the next two years and projects that it will “hire ‘at least’ 120 additional people,” the article reports. The ordinance City Council approved “will provide the Defiance Community Improvement Corporation (CIC) with $50,000 each year for 10 years ‘to fund a job creation incentive award’” for Credit Adjustments. The company must create at least 120 new jobs with “an aggregate new payroll of not less than $4,617,600” to meet the condition for the first annual incentive payment. The Crescent-News reports the news release said “Regional Growth Partnership and JobsOhio” are also “supporting the project” with JobsOhio financial incentives “contingent on final approvals from the Ohio Tax Credit Authority.” For more, read the full article.
Defiance approves incentive for new corporate HQ bringing dozens of jobs
