Last week, the Kasich administration announced that the Ohio Tax Credit Authority (TCA) had approved tax credit awards for 10 projects set to create 846 jobs and to retain 7,155 jobs statewide. These projects are expected to generate more than $46 million in new payroll and $58 million in investments statewide. The approved projects are:
Bang Printing of Ohio, Inc., dba Hess Print Solutions, will receive a 40 percent, six-year Job Creation Tax Credit for an expansion project in Brimfield Township, Portage County, that is expected to create 100 full-time jobs, to generate $3.5 million in additional payroll and to retain $12.9 million in existing payroll.
Cheryl & Co. will receive a 45 percent, six-year Job Creation Tax Credit for an expansion project in Westerville, Delaware County, that is expected to create 92 full-time jobs, to generate $2.9 million in additional payroll and to retain $6.6 million in existing payroll.
The General Electric Company will receive a 50 percent, 11-year Job Retention Tax Credit for a restructuring plan that is expected to result in the retention of 5,000 full-time positions as well as $140 million in existing payroll.
J-W Measurement Company will receive a 55 percent, seven-year Job Creation Tax Credit for a new location project in Brookfield Township, Trumbull County, that is expected to create 150 full-time jobs and to generate $6.8 million in additional payroll.
Nestle USA, Inc. and Approved Affiliates will receive a 65 percent, 10-year Job Creation Tax Credit for a new location project in Solon, Cuyahoga County, that is expected to create 250 jobs, to generate $21.8 million in additional payroll and to retain $63 million in existing payroll.
Owens Corning and Approved Affiliates will receive a 40 percent, five-year Job Creation Tax Credit for a retention project in Toledo, Lucas County, that is expected to create 50 full-time jobs, to generate $1.8 million in additional payroll and to retain $95.8 million in existing payroll.
PQ Shelters, Inc. will receive a 50 percent, six-year Job Creation Tax Credit for a new location project in Mason, Warren County, that is expected to create 100 full-time positions and to generate $4.2 million in additional payroll.
Quest Specialty Coatings, LLC will receive a 40 percent, six-year Job Creation Tax Credit for an expansion project in Massillon, Stark County, that is expected to create 25 full-time jobs, to generate $895,000 in additional payroll and to retain $5.6 million in existing payroll.
Siemens Medical Solutions USA, Inc. will receive a 50 percent, seven-year Job Creation Tax Credit for a new location project in Cleveland, Cuyahoga County, that is expected to create 20 full-time jobs and to generate $2.6 million in additional payroll.
xperion Energy & Environment USA LLC will receive a 50 percent, seven-year Job Creation Tax Credit for a project in Heath, Licking County, that is expected to create 59 full-time jobs and to generate $2 million in additional payroll.
Last week, Gov. John Kasich announced that the Ohio Tax Credit Authority (TCA) had approved 10 projects set to create more than 1,200 jobs and retain 1,047 jobs statewide and to generate more than $53 million in new payroll and $92 million in investments across the state. The approved projects are:
Exel Direct, Inc. will receive a 50 percent, seven-year Job Creation Tax Credit to create 95 full-time positions for its new project at a location that has yet to be determined.
Central Ohio:
Avnet, Inc. and Approved Affiliates will receive a 70 percent, eight-year tax credit to create 300 full-time positions in Franklin County as part of the company's consolidation project.
FCX Performance, Inc. will receive a 35 percent, six-year tax credit to create 170 full-time positions in Franklin County as a result of the company's expansion at its planned Columbus location.
lululemon athletica, Inc. will receive a 55 percent, 10-year tax credit to create 170 full-time positions at its planned new Columbus location.
Pillar Technology Group LLC will receive a 45 percent, six-year tax credit to create 40 full-time positions as a result of the planned expansion of its Columbus location.
Southeast Ohio:
SAEC/Kinetic Vision Inc. will receive a 40 percent, five-year tax credit to create 30 full-time positions as a result of the planned expansion of its Hamilton County location.
ThyssenKrupp Bilstein of America Inc. will receive a 45 percent, six-year tax credit to create 100 full-time positions as a result of the company's planned expansion of its Hamilton location.
Northeast Ohio:
Constant Aviation, LLC, will receive a 60 percent, seven-year tax credit to create 300 full-time positions as a result of the company's planned expansion of its Cleveland location.
Northwest Ohio:
Jacobson Mfg will receive a 35 percent, five-year tax credit to create 21 full-time positions as a result of the company's planned expansion of its Tiffin location.
Western Ohio:
Pratt (Lewisburg Container), LLC, will receive a 65 percent, 10-year tax credit to create 140 full-time jobs as a result of the company's planned expansion of its Village of Lewisburg location.
