DevelopOhio

The Kasich administration recently announced that the Ohio Tax Credit Authority (TCA) had approved tax credit awards for 11 projects set to create 733 jobs and to retain 310 jobs statewide. These projects are expected to generate more than $35 million in new payroll and $152 million in investments statewide. The approved projects are:

Ride Corporation will receive a 35 percent, six-year Job Creation Tax Credit for a new location project at a location (to be determined) that is expected to create 40 full-time positions and to generate $1 million in additional payroll.

SK Food Group dba SK Food Group NAHQ will receive a 55 percent, 10-year Job Creation Tax Credit for a new location project at a location (to be determined) that is expected to create 253 full-time positions and to generate $7.7 million in additional payroll.

Central Ohio:

Famous Enterprises, Inc. will receive a 40 percent, five-year Job Creation Tax Credit for a new location project in Columbus, Franklin County, that is expected to create 20 full-time positions and to generate $1 million in additional payroll.

Greenville Technology, Inc. dba Moriroku Technology North America will receive a 50 percent, eight-year Job Creation Tax Credit for a new location project in Marysville, Union County, that is expected to create 50 full-time positions, to generate $2.8 million in additional payroll and to retain $1.9 million in existing payroll.

Harris, Mackessy & Brennan, Inc. will receive a 45 percent, seven-year Job Creation Tax Credit for an expansion project in Westerville, Delaware County, that is expected to create 75 full-time positions, to generate $5.6 million in additional payroll and to retain $11.6 million in existing payroll.

Northeast Ohio:

Matalco Inc. will receive a 50 percent, eight-year Job Creation Tax Credit for a new location project in the Village of Lordstown, Trumbull County, that is expected to create 60 full-time positions and to generate $4 million in additional payroll.

Mesnac Americas Co., Ltd. will receive a 40 percent, five-year Job Creation Tax Credit for a new location project in Akron, Summit County, that is expected to create 35 full-time positions and to generate $3.9 million in additional payroll.

Pennex Aluminum Company, LLC will receive a 45 percent, six-year Job Creation Tax Credit for an expansion project in the Village of Leetonia, Columbiana County, that is expected to create 65 full-time positions, to generate $2.3 million in new payroll and to retain $3 million in existing payroll.

Southwest Ohio:

AIM MRO Holdings, Inc. will receive a 40 percent, five-year Job Creation Tax Credit for an expansion project in Miami Township, Clermont County, that is expected to create 50 full-time positions and to generate $3 million in additional payroll.

AlvaEDU will receive a 45 percent, six-year Job Creation Tax Credit for a new location project in Cincinnati, Hamilton County, that is expected to create 50 full-time positions and to generate $3 million in additional payroll.

Tom and Chee Worldwide LLC will receive a 45 percent, seven-year Job Creation Tax Credit for an expansion project in Cincinnati, Hamilton County, that is expected to create 65 full-time positions, to generate $3.5 million in additional payroll and to retain $215,385 in existing payroll.

For more, read the full press release.