DevelopOhio

Last week, the Kasich administration announced that the Ohio Tax Credit Authority (TCA) had approved tax credit awards for 12 projects set to create 1,265 jobs and retain 687 job statewide. These projects are expected to generate more than $66.4 million in new payroll and $187.6 million in investments statewide, WOUB.org reports. The approved projects are:

Clinical Outcomes Management Systems, LLC dba COMS Interactive, will receive a 45 percent, six-year Job Creation Tax Credit for an expansion project at a location (to be determined) that is expected to create 119 full-time positions, generate $8.7 million in additional payroll and retain $1.8 in existing payroll.

Rapid Prototype and Manufacturing LLC will receive a 50 percent, seven-year Job Creation Tax Credit for an expansion project at a location (to be determined) that is expected to create 130 full-time positions, generate $9.5 million in additional payroll and retain $380,000 in existing payroll.

Central Ohio:

American Howa Kentucky, Inc. dba AHK, Ohio will receive a 50 percent, eight-year Job Creation Tax Credit for an expansion project in Delaware, Delaware County, that is expected to create 60 full-time positions, generate $1.8 million in additional payroll and retain $2.4 million in existing payroll.

Northeast Ohio:

Hendrickson USA, LLC dba Hendrickson Trailer Commercial Vehicle Systems, will receive a 40 percent, six-year Job Creation Tax Credit for an expansion project in Canton, Stark County, that is expected to create 40 full-time positions, generate $2.1 million in additional payroll and retain $14.2 million in existing payroll.

OMNOVA Solutions Inc. will receive a 50 percent, five-year Job Creation Tax Credit for an expansion project in Beachwood, Cuyahoga County, that is expected to create 70 full-time positions, generate $4.7 million in additional payroll and retain $18.5 million in existing payroll.

Northwest Ohio:

Edgerton Forge Inc. will receive a 35 percent, seven-year Job Creation Tax Credit for an expansion project in the Village of Edgerton, Williams County, that is expected to create 25 full-time positions, generate $1 million in additional payroll and retain $2 million in existing payroll.

Southwest Ohio:

CE Power Solutions, LLC will receive a 40 percent, six-year Job Creation Tax Credit for an expansion project in Cincinnati, Hamilton County, that is expected to create 24 full-time positions, generate $1.8 million in additional payroll and retain $3.8 million in existing payroll.

iMFLUX Inc. will receive a 60 percent, eight-year Job Creation Tax Credit for a new location in Butler County that is expected to create 221 full-time positions and generate $17.5 million in additional payroll.

MINTH North America Inc. will receive a 70 percent, 12-year Job Creation Tax Credit for a new location in Lebanon, Butler County, that is expected to create 418 full-time positions and generate $12.6 million in additional payroll.

Systecon Inc. will receive a 35 percent, five-year Job Creation Tax Credit for an expansion project in West Chester Twp., Butler County, that is expected to create 18 full-time positions, generate $810,000 in additional payroll and retain $4.3 million in existing payroll.

Western Ohio:

PolyOne Corporation will receive a 50 percent, seven-year Job Creation Tax Credit for an expansion project in Greenville, Drake County, that is expected to create 130 full-time positions, generate $5 million in additional payroll and retain $5 million in existing payroll.

Riverside Computing, Inc. dba Agil IT and Elevation Healthcare will receive a 35 percent, six-year Job Creation Tax Credit for a new location in Butler Twp., Montgomery County, that is expected to create 20 full-time positions, generate $940,000 in additional payroll and retain $2.1 million in existing payroll.

For more, read this full WOUB.org story.