Tax Credits Approved with 349 New Northeast Ohio Jobs Expected
On September 30, 2013, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 349 new Northeast Ohio jobs and investments totaling $28,820,000.
Companies receiving credits are in the polymers and chemicals, advanced manufacturing, and information services and software industries. They are located in Summit, Stark and Cuyahoga 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 your county.
Team NEO is the JobsOhio Network Partner for Northeast Ohio.