Tax Credits Approved with 450 New Northeast Ohio Jobs
Expected
On January 27, 2014, the Ohio Tax Credit Authority approved Job
Creation Tax Credits to facilitate the creation of 450 new
Northeast Ohio jobs and investments totaling more than $160
million. Companies receiving credits are in the advance
manufacturing, aerospace and aviation as well as information
services and software industries. Locations include Ashtabula,
Cuyahoga, Summit and Trumbull 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 yourcounty.
Team NEO is the JobsOhio Network Partner for Northeast Ohio.
- business expansion
- tax credit authority