Last week, Gov. John Kasich announced that the Ohio Tax Credit Authority (TCA) had approved nine projects set to create more than 591 jobs and retain 943 jobs statewide, and to generate more than $29 million in new payroll and $40 million in investments across the state. The approved projects are:
Northeast Ohio:
Myers Industries, Inc. will receive a 40 percent, seven-year Job Creation Tax Credit for an expansion project in the Village of Middlefield in Geauga County that is expected to create 65 full-time positions, generate $2 million in additional annual payroll and retain $11 million in existing payroll.
The Royal Appliance Manufacturing Company will receive a 60 percent, seven-year Job Creation Tax Credit for an expansion project in the Village of Glenwillow, Cuyahoga County, that is expected to create 212 full-time positions, generate $12.4 million in additional payroll and retain $20 million in existing payroll.
Southwest Ohio:
The Benjamin Steel Company, Inc. will receive a 40 percent, six-year Job Creation Tax Credit for a new location project in Cincinnati, Hamilton County, that is expected to create 40 full-time positions and generate $1.5 million in additional annual payroll.
Contingent Network Services LLC will receive a 45 percent, six-year Job Creation Tax Credit for an expansion project in West Chester Twp., Butler County, that is expected to create 75 full-time positions, generate $3.4 million in additional annual payroll and retain $7.8 million in existing payroll.
Healthcare Regional Marketing LLC will receive a 50 percent, five-year Job Creation Tax Credit for an expansion project in Union Township, Clermont County, that is expected to create 30 full-time positions, generate $1.3 million in additional payroll and retain $1.6 million in existing payroll.
Pioneer Cladding and Glazing Systems, LLC will receive a 40 percent, five-year Job Creation Tax Credit for a relocation project in Mason, Warren County, that is expected to create 50 full-time positions, generate $3.3 million in additional annual payroll and retain $3.7 million in existing payroll.
Western Ohio:
The Casad Company, Inc. will receive a 40 percent, six-year Job Creation Tax Credit for an expansion project in Celina, Mercer County, that is expected to create 59 full-time positions, generate $1.4 million in additional annual payroll and retain $1.5 million in existing payroll.
The Independent Can Company will receive a 45 percent, seven-year Job Creation Tax Credit for a new location project in Vandalia, Montgomery County, that is expected to create 30 full-time positions and generate $1.4 million in additional annual payroll.
Intelligent Decisions, Inc. will receive a 45 percent, five-year Job Creation Tax Credit for a new location project in Dayton, Montgomery County, that is expected to create 30 full-time positions and generate $2.4 million in additional annual payroll.
Ohio Tax Credit Authority approves nine projects