Tax Credits Approved With 162 New Northeast Ohio Jobs Expected

Tax Credits Approved with 162 New Northeast Ohio Jobs Expected

On April 29, 2013, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 162 new jobs and investments totaling $17,750,000. 

Companies receiving credits are in the advanced manufacturing and information services and software sectors. They are located in Richland, Huron and Medina counties. The Job Creation Tax Credit (JCTC) is a refundable tax credit that can be granted to companies with significant new job creation and is applied toward the company’s Ohio commercial activity tax liability.

For information on the JCTC program and how to secure this credit, contact Team NEO or the economic development partner in yourcounty.

For additional information on April’s JCTCs, read the press release from Governor Kasich’s office.

Team NEO is the JobsOhio Network Partner for Northeast Ohio.