Tax Credits Approved with 660 New Northeast Ohio Jobs Expected
On December 2, 2013, the Ohio Tax Credit Authority approved Job Creation Tax Credits to facilitate the creation of 660 new Northeast Ohio jobs and investments totaling nearly $126 million.
Companies receiving credits are in the advanced manufacturing industries. Locations include Summit, Columbiana, Trumbull and Cuyahoga counties.
For additional information on this month’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.