At its latest meeting, the Ohio Tax Credit Authority (TCA) approved state assistance for 14 economic development proposals that are expected to create a combined total of 3.977 jobs and retain 935 jobs across Ohio.
The Ohio economic development incentives for these 14 projects are expected to spur $293 million in investments statewide, and the jobs being created will result in more than $136 million in new payroll.
The Columbus region economic development projects approved to receive state assistance include expansions by MBA Focus, LLC; Middle West Spirits, LLC; and Saama Technologies, Inc.
Saama Technologies is a Silicon Valley-based big data solutions and services company that is expanding its operations in the City of Worthington, OH. The company plans to create 90 full-time jobs in data analytics as part of the expansion, in the process generating $7.2 million in additional annual payroll. The Ohio TCA has approved a 55 percent, six-year Job Creation Tax Credit (JCTC) for this project.
Over the next three years, Saama plans to significantly expand its Columbus Region presence with the addition of hundreds of new jobs. Saama Technologies CEO Suresh Katta said in a release that the Columbus Region’s growing reputation as an analytics hub, evidenced by a number of corporate initiatives, and its easy access to multiple East Coast cities, were key factors in their expansion location decision.
Kenny McDonald, chief economic officer of regional economic development organization Columbus 2020, said in the release that they’re proud that Saama has chosen the Columbus Region to grow high-quality technology jobs. McDonald added that the area continues to grow as a critical hub of data analytics innovators.
Ted Griffith, Managing Director, Information Technology Sectors, JobsOhio added that this significant jobs commitment by a well known, Silicon Valley-based company is a testament to what Ohio and the Columbus Region can offer the data analytics industry.
Middle West Spirits, LLC, a fast growing distillery in Columbus known for its variety of artisan spirits including whiskey, vodka and bourbon, is investing $3.1 million to expand its production facility, open a 23,000-square-foot warehouse, and add 25 employees and $950,000 in additional annual payroll to the five-person team it has now. The company is getting a 35 percent, six-year JCTC for this project.
MBA Focus, LLC, a graduate recruitment management technology and career service software company, is expanding its operations in Dublin, OH. The company is investing $200,000 and adding more than 25 new jobs with $1.1 million in additional annual payroll, doubling its existing team of 27 employees. MBA Focus has been approved to receive a 40 percent, five-year JCTC for this project.
The TCA also approved a 75 percent, 15-year JCTC for Amazon’s new project in Etna Township and the Village of Obetz that will create 2,000 full-time positions, generating $60 million in annual payroll.
Barclays Services LLC was approved for a 70 percent, seven-year JCTC for a new call center project in the state that will create 1,500 full-time positions with $49.9 million in annual payroll at a location that is yet to be determined.