Tax Credits Approved with 215 New Northeast Ohio Jobs Expected
On March 3, 2014, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 215 new Northeast Ohio jobs and investments totaling more than $5 million.
Companies receiving credits are in the polymers and chemicals, financial services as well as information services and software industries. Locations include Cuyahoga, Huron and Portage counties.
For additional information on this announcement, read the press release from Governor Kasich’s office.
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.
Team NEO is the JobsOhio Network Partner for Northeast Ohio.
- business expansion
- tax credit authority