Tax Credits Approved with 349 New Northeast Ohio Jobs
Expected
On September 30, 2013, the Ohio Tax Credit Authority approved
Job Creation Tax Credits to facilitate the creation of 349 new
Northeast Ohio jobs and investments totaling $28,820,000.
Companies receiving credits are in the polymers and chemicals,
advanced manufacturing, and information services and software
industries. They are located in Summit, Stark and Cuyahoga
counties.
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.
- TCA