COLUMBUS â Gov. John Kasich announced today the approval of assistance for 11 projects set to create 410 jobs and retain 874 jobs statewide. Three local projects are expected to create 116 jobs.
The Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Together, the projects are expected to result in more than $20 million in new payroll, and spur approximately $51 million in investment across Ohio.
The local projects approved by the TCA include:
⢠Industrial Spring Company in Piqua expects to create 26 full-time positions, generating $890,000 in new annual payroll as a result of the companyâs new location project in Piqua. Industrial Spring manufactures, installs and services garage doors. The TCA approved a 45 percent, five-year Job Creation Tax Credit for this project.
⢠Robert Rothschild Farm in Urbana expects to create 25 full-time positions, generating $1.25 million in additional annual payroll and retaining $3.2 million in existing payroll as a result of the companyâs expansion project. Robert Rothschild Farm is a gourmet foods manufacturer that produces gourmet dips, sauces, mustards, condiments, dessert toppings and snack foods. The TCA approved a 40 percent, five-year Job Creation Tax Credit for this project.
⢠Air Transport International, Inc. of Wilmington expects to create 65 full-time positions, generating $5.1 million in new annual payroll as a result of the companyâs new location project. Air Transport International flies passenger and cargo aircraft. The TCA approved a 50 percent, seven-year Job Creation Tax Credit for this project.
Other assistance will help projects in Putnam, Hamilton, Delaware, Franklin, Cuyahoga, Ashtabula and Trumbull counties.
The Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Together, the projects are expected to result in more than $20 million in new payroll, and spur approximately $51 million in investment across Ohio.
The local projects approved by the TCA include:
⢠Industrial Spring Company in Piqua expects to create 26 full-time positions, generating $890,000 in new annual payroll as a result of the companyâs new location project in Piqua. Industrial Spring manufactures, installs and services garage doors. The TCA approved a 45 percent, five-year Job Creation Tax Credit for this project.
⢠Robert Rothschild Farm in Urbana expects to create 25 full-time positions, generating $1.25 million in additional annual payroll and retaining $3.2 million in existing payroll as a result of the companyâs expansion project. Robert Rothschild Farm is a gourmet foods manufacturer that produces gourmet dips, sauces, mustards, condiments, dessert toppings and snack foods. The TCA approved a 40 percent, five-year Job Creation Tax Credit for this project.
⢠Air Transport International, Inc. of Wilmington expects to create 65 full-time positions, generating $5.1 million in new annual payroll as a result of the companyâs new location project. Air Transport International flies passenger and cargo aircraft. The TCA approved a 50 percent, seven-year Job Creation Tax Credit for this project.
Other assistance will help projects in Putnam, Hamilton, Delaware, Franklin, Cuyahoga, Ashtabula and Trumbull counties.