Tax Credits Approved with 277 New Northeast Ohio Jobs Expected
On August 26, 2013, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 277 new Northeast Ohio jobs and investments totaling $12,100,000.
Companies receiving credits are in the advanced manufacturing sector. They are located in Cuyahoga and Geauga counties.
For additional information on August’s JCTCs, 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 your county.
Team NEO is the JobsOhio Network Partner for Northeast Ohio.