Gov. Kasich will de-emphasize the use of tax credits for attracting and retaining businesses
After giving 181 Job Creation Tax Credits worth up to $132 million and 10 Job Retention Tax Credits worth up to $241.8 million in 2011, the Kasich administration is “de-emphasizing the use of tax credits” to lure new companies to the state as well as to entice existing companies to stay in Ohio, The Columbus Dispatch reports. Gov. Kasich also said he will not engage as often in “bidding wars with governments in other states” for attracting businesses. So far in 2012, the administration has offered just six retention credits worth up to about $28.6 million and 138 job-creation credits worth about $70.5 million, during which time the state added nearly 100,000 jobs, the article said.
