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reate More Than
$1.5 Billion in Investments(COLUMBUS, Ohio)—Ohio Governor Mike
DeWine and Lt. Governor Jon Husted today announced the approval of
assistance for nine projects set to create 1,700 new jobs and retain
923 jobs statewide. During its monthly meeting, the Ohio Tax Credit
Authority (TCA) reviewed economic development proposals brought to
the board by JobsOhio and its regional partners. Collectively, the
projects are expected to result in more than $87 million in new
payroll and spur more than $1.5 billion in investments across Ohio.
Projects approved by the TCA include:
CENTRAL
BBI Logistics LLC, City of Columbus (Franklin Co.), expects to
create 150 full-time positions, generating $10.5 million in new
annual payroll and retaining $5.3 million in existing payroll as a
result of the company’s expansion project in Columbus. BBI Logistics
is a freight brokerage firm. The TCA approved a 1.870 percent,
nine-year Job Creation Tax Credit for this project.
Zenni USA (Zenni Optical), Village of Obetz (Franklin Co.), expects
to create 189 full-time positions, generating $8.2 million in new
annual payroll as a result of the company’s new project in Obetz.
Zenni Optical is an online retailer that sells prescription and
non-prescription eyeglasses, sunglasses, sports glasses, and
goggles. The TCA approved a 1.557 percent, 10-year Job Creation Tax
Credit for this project.
NORTHEAST
Invacare Corporation, City of Elyria (Lorain Co.), expects to create
150 full-time positions, generating $7.3 million in new annual
payroll and retaining $32.9 million in existing payroll as a result
of the company’s expansion project in Elyria. Invacare designs,
manufactures, and distributes medical devices. The TCA approved a
1.476 percent, eight-year Job Creation Tax Credit for this project.
Ultium Cells LLC, Village of Lordstown (Trumbull Co.), expects to
create 1,000 full-time positions, generating $45 million in new
annual payroll as a result of the company’s joint venture in
Lordstown. Ultium Cells is a joint venture between General Motors
and LG Chem. The operation will manufacture lithium-ion batteries.
The TCA approved a 1.950 percent, 15-year Job Creation Tax Credit
for this project.
NORTHWEST
Satelytics Inc., City of Perrysburg (Wood Co.), expects to create 38
full-time positions, generating $2.8 million in new annual payroll
and retaining $1 million in existing payroll as a result of the
company’s new project in Perrysburg. Satelytics provides cloud-based
geospatial analytics software. The TCA approved a 1.479 percent,
seven-year Job Creation Tax Credit for this project.
SOUTHEAST
Worthington Foods Inc., City of Zanesville (Muskingum Co.), expects
to create 40 full-time positions, generating $2 million in new
annual payroll and retaining $20.4 million in existing payroll as a
result of the company’s expansion project in Zanesville. Worthington
Foods in Zanesville manufactures frozen and refrigerated plant-based
protein products sold under the MorningStar Farms brand. The TCA
approved a 1.240 percent, six-year Job Creation Tax Credit for this
project.
SOUTHWEST
Luma Financial Technologies LLC, City of Cincinnati (Hamilton Co.),
expects to create 58 full-time positions, generating $6.7 million in
new annual payroll and retaining $4.8 million in existing payroll as
a result of the company’s expansion project in Cincinnati. Luma
Financial Technologies provides automated tracking and performance
reports, management of custom structures, selling resources, and
learning tools that enable customers to manage and sell structured
financial products. The TCA approved a 2.003 percent, eight-year Job
Creation Tax Credit for this project.
WESTERN
Ardent Technologies Inc. (Ardent), City of Centerville (Montgomery
Co.), expects to create 20 full-time positions, generating $2
million in new annual payroll and retaining $6.1 million in existing
payroll as a result of the company’s expansion project in
Centerville. Ardent provides IT support services, cybersecurity
services, staff augmentation, financial management, and
administrative support. The TCA approved a 1.581 percent, seven-year
Job Creation Tax Credit for this project.
DIS-TRAN Steel LLC (Dis-Tran), City of Washington Court House
(Fayette Co.), expects to create 55 full-time positions, generating
$2.5 million in new annual payroll as a result of the company’s new
project in Washington Court House. Dis-Tran designs and supplies
high-voltage, open-air substations, switchyards, and transmission
lines. The TCA approved a 1.233 percent, six-year Job Creation Tax
Credit for this project. |
