Ohio Governor: New Projects Expected, $51 Million Investments

Ohio Governor: New Projects Expected, $51 Million Investments

COLUMBUS, OH (STL.News) Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced the approval of assistance for five projects set to create 1,382 new jobs and retain 978 jobs statewide.  During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by Jobs Ohio and its regional partners.  Collectively, the projects are expected to result in more than $80 million in new payroll and spur more than $51million in investments across Ohio.

Projects approved by the TCA include:

NORTHEAST
Macy’s Corporate Services LLC, Jackson Township (Mahoning Co.), expects to create 417 full-time positions, generating $16.8 million in new annual payroll and retaining $2.1 million in existing payroll as a result of the company’s expansion project in Jackson Township.  Macy’s Corporate Services coordinates merchandise distribution and logistics functions for Macy’s stores.  The TCA approved a 1.472 percent, eight-year Job Creation Tax Credit for this project.

Quicken Loans LLC, City of Cleveland (Cuyahoga Co.), expects to create 630 full-time positions, generating $47.3 million in new annual payroll and retaining $94.1 million in existing payroll as a result of the company’s expansion project in Cleveland.  Quicken Loans is a mortgage lending company. 

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