News: USA - OHIO approved tax credits are likely to create and retain 2,321 jobs, including a remanufacturer
Ohio State Department of Development Director Mark Kvamme has announced that the Ohio Tax Credit Authority has approved Job Creation and Retention Tax Credits for 16 projects.
Friday, 4th March 2011
The projects, which include a remanufacturer, are expected to create 1,769 jobs and retain 552 positions if they are expanded or located in Ohio. Total Baking Solutions, LLC has been awarded a 45 per cent Job Creation Tax Credit for a five-year term as a result of the company's expansion in the City of Wilmington (Clinton County). The value of the tax credit is estimated at $123,140 over the term, and the company would be required to maintain operations at the project site for eight years. Total Baking Solutions is a leader in providing high-quality, baking-related equipment to the makers of cookies, biscuits, crackers, pet food, and other baked goods, specializing in plant operations, automation, and equipment remanufacturing. This project includes the purchase of machinery and equipment as well as leaseholder improvements. The $1.7 million project is expected to create 60 jobs.
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