For the second time this month, the Ohio Tax Credit Authority announced approval of tax incentives for a large number of economic development projects across the state, including several major projects located in the Columbus region.
All told, the TCA approved tax incentives for 17 projects that are expected to generate nearly $173.5 million in investment statewide and result in the creation of 1,758 jobs with $67.1 million in new payroll, and the retention of another 2,551 jobs.
One of the key Columbus region projects for which tax incentives were approved is the recently announced BrewDog USA brewery project. Scottish craft brewery BrewDog announced earlier this month that they have selected the Columbus region as the site for their first American brewery and North American headquarters.
The company is investing $30.4 million, and will construct a 100,000-square-foot facility on a 42-acre site in the City of Canal Winchester, OH. The project is initially expected to create 115 new living wage jobs. In addition to the brewery and U.S. headquarters operations, the facility will also house a restaurant, taproom and visitor center.
BrewDog Cofounder James Watt said in a release that the people of Ohio have absolutely bowled them over with their enthusiasm, passion for beer and warm welcome. Canal Winchester Mayor Michael Ebert likewise said they are very happy that BrewDog chose Canal Winchester as their U.S. Headquarters and their first production facility in the U.S.
Mayor Ebert added that this project is not only a great manufacturing project for the community, but also will prove to be a major draw for tourism that will benefit the entire region.
The BrewDog project received economic development support from City of Canal Winchester, Columbus 2020, and JobsOhio. BrewDog is getting a package of state and local incentives that includes a 60 percent, eight-year Job Creation Tax Credit (JCTC) approved by the Ohio TCA.
City of Canal Winchester economic development incentives for the project include a 15-year, 100 percent property tax exemption on the building improvements. This incentive is valued at more than $2,700,000 over the 15-year term. The City has additionally waived over $325,000 in utility capacity and building permit fees.
Other Columbus region projects approved to receive Ohio tax incentives include nddPrint, Inc., PCCW Teleservices, Inc., Schoola Inc., LLC and Valeo North America, Inc.
Brazilian IT solutions company nddPrint announced plans to establish its North American headquarters in the Columbus region at a site whose location is yet to be determined. The company will invest $135,000 and create 20 new jobs. The Ohio TCA has approved a 50 percent, six-year JCTC for this project.
PCCW Teleservices is expanding in Dublin, OH by leasing additional space and adding 175 new jobs to its Columbus Region workforce. The company will also create 300 new seasonal jobs in Dublin for a six-month project that could be extended further afterwards.
PCCW Teleservices President Dave Shapiro said in a release that they are excited to expand their presence in Dublin by taking advantage of the youthful and energetic talent pool.
City of Dublin Economic Development Director Colleen Gilger noted that PCCW Teleservices’ decision to expand its presence validates the benefits Dublin brings to the business support services industry cluster. The Ohio TCA has approved a 50 percent, six-year JCTC for this project.
Schoola, an e-commerce company that collects and sells gently used children’s clothing and then returns 40 percent of sales back to the schools, is establishing new operations in the City of Columbus that will create 225 new full-time jobs. The company has been approved to receive a 50 percent, eight-year JCTC for this project.
Automotive supplier Valeo is creating 85 new jobs as a result of a new project in Perry Township, OH. The TCA has approved a 45 percent, seven-year JCTC for this project.