Tax Credits Approved with 450 New Northeast Ohio Jobs Expected
On January 27, 2014, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 450 new Northeast Ohio jobs and investments totaling more than $160 million. Companies receiving credits are in the advance manufacturing, aerospace and aviation as well as information services and software industries. Locations include Ashtabula, Cuyahoga, Summit and Trumbull 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