Tax Credits Approved with 319 New Northeast Ohio Jobs Expected
On June 24, 2013, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 319 new Northeast Ohio jobs and investments totaling $246,527,500.
Companies receiving credits are in the advanced manufacturing, food sciences and agriculture, biohealth and polymer and chemical sectors. They are located in Medina, Huron, Wayne, Ashtabula and Summit 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 June’s JCTCs, read the press release from Governor Kasich’s office.
Team NEO is the JobsOhio Network Partner for Northeast Ohio.