The Ohio Tax Credit Authority has approved economic development incentives for nine projects that will collectively spur more than $1.1 billion in investments across the state.
These nine projects will be creating 586 jobs and retaining 1,201 existing jobs statewide, in the process adding more than $30.6 million in new payroll.
One of the companies approved to receive incentives is Vadata, Inc., a data center firm which is an Amazon subsidiary.
Ashburn, VA-based Vadata is looking at sites in Ohio and elsewhere for a new data center project. If they select an as-yet undisclosed site in Ohio for this new project, Vadata will be creating 120 new jobs with $9.6 million in additional payroll.
In order to assist recruitment of the Vadata project by Ohio economic development organizations, the TCA has approved a massive 75 percent, 15-year Job Creation Tax Credit (JCTC), along with a 100 percent data center sales tax exemption for 15 years.
Another project creating 120 jobs is automobile exhaust system manufacturer Faurecia Emissions Control Systems NA, LLC, which is undertaking an expansion project in the City of Franklin, OH. Faurecia is creating 120 new full-time jobs with an additional payroll of $4.5 million. The company is getting an eight-year, 55 percent JCTC for this project.
The largest of the nine projects in terms of job creation is an expansion by Dole Fresh Vegetables in the City of Springfield, OH. Dole, which markets and sells frozen and packaged fruits and vegetables worldwide, is creating 138 new full-time jobs with $3.2 million in new payroll. Dole is getting a 50 percent, nine-year JCTC for the expansion.
The remaining six projects across Ohio for which incentives have been approved by the TCA are as follows:
Eloquii Design, Inc., City of Columbus – Creating 40 new full-time jobs with $4.5 million in additional payroll; TCA approved a 50 percent, seven-year JCTC;
Fosbel, Inc., City of Brook Park – Creating 14 new full-time jobs with $934,816 in additional payroll; TCA approved a 35 percent, five-year JCTC;
GOJO Industries, Inc., City of Brecksville – Creating 37 new full-time jobs with $1.7 million in additional payroll; TCA approved a 40 percent, six-year JCTC;
Standard Technologies, LLC, City of Fremont – Creating 39 new full-time jobs with $1.8 million in additional payroll; TCA approved a 30 percent, five-year JCTC;
Stolle Machinery Company, LLC (location undisclosed) – Creating 42 new full-time jobs with $2.1 million in additional payroll; TCA approved a 45 percent, five-year JCTC;
BioRx, LLC (location undisclosed) – Creating 36 new full-time jobs with $2.4 million in additional payroll; TCA approved a 50 percent, six-year JCTC;