Tax Credits Approved with 73 New Jobs + $7 Million in Payroll
On September 29, 2014, the Ohio Tax Credit Authority approved a
Job Creation Tax Credit for Lubrizol Advanced Materials. The
project will retain 525 jobs with a payroll of $55 million and
create 73 jobs with a payroll of nearly $7 million.
Lubrizol Advanced Materials is a leading global producer of
polymers, polymer additives and chemical additives used in everyday
consumer and industrial applications.
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