Ohio tax credit to help create more than 170 jobs in region

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Ohio tax credit to help create more than 170 jobs in region

December 7, 2016 | Georgia-Pacific Corrugated

Journal News

The Ohio Tax Credit Authority reviewed economic development proposals brought to the board by JobsOhio and its regional partners.

More than 170 jobs will be created in the region following approval of Ohio tax credit assistance for 19 projects in the state.

The Ohio Tax Credit Authority reviewed economic development proposals on Monday brought to the board by JobsOhio and its regional partners. The approved projects are expected to result in more than $138 million in new payroll, $127 million in investments and more than 2,194 new jobs.

These local businesses secured tax credits from the state.

• Georgia-Pacific Corrugated in West Chester Twp. expects to create 29 full-time positions, generating $2.4 million in new, annual payroll. Georgia-Pacific, which manufactures and markets paper products and chemical products, received approval from the TCA for a seven-year Job Creation Tax Credit.

• SAF-Holland, Inc. in West Chester Twp. expects to create 30 full-time positions, generating more than $2 million in new, annual payroll. The company will also retain more than $755,000 in existing payroll through its consolidation project. Saf-Holland, which manufactures coupling, lifting, and suspension systems for trucks, buses, tractors and trailers, received a seven-year tax credit.

• Health Carousel in Washington Twp. expects to create 60 full-time positions, generating more than $2 million in new, annual payroll. It will also retain $1.8 million in existing payroll as a result of its expansion project in Montgomery County. Health Carousel, a workforce solutions company for the healthcare industry, received a six-year tax credit.

• Meridian Roofing Corp. plans to create 60 full-time positions at its Atlas Roofing Corp. subsidiary in Franklin, generating more than $3.5 million in new, annual payroll. It will also retain more than $10 million in existing payroll. Meridian Roofing, which manufactures residential and commercial building materials, received a seven-year tax credit.

http://www.journal-news.com/business/ohio-tax-credit-help-create-more-than-170-jobs-region/KJKipTf88YeOpMxC7fI05J/