Tax Credits Approved with 550 New Northeast Ohio Jobs Expected
On December 17, 2013, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 550 new Northeast Ohio jobs and investments totaling nearly $35 million.
Companies receiving credits are in the food sciences and agriculture and the corporate and professional services industries. Locations include Summit and Mahoning 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 your county.
Team NEO is the JobsOhio Network Partner for Northeast Ohio.