(COLUMBUS, Ohio)—Ohio Governor Mike DeWine and Lt. Governor Jon Husted today announced the approval of assistance for six projects set to create 2,423 new jobs and retain 18,458 jobs statewide. During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $173 million in new payroll and spur more than $347 million in investments across Ohio. Projects approved by the TCA include:
CENTRAL
Jo-Ann Stores LLC, Village of West Jefferson (Madison Co.), expects to create 175 full-time positions, generating $5.7 million in new annual payroll as a result of the company’s new project in West Jefferson. Jo-Ann Stores is a specialty retailer of fabrics and crafts. The TCA approved a 1.192 percent, eight-year Job Creation Tax Credit for this project.
Kalera Inc., City of Columbus (Franklin Co.), expects to create 65 full-time positions, generating $2.8 million in new annual payroll as a result of the company’s new project in Columbus. Kalera produces nutrient-rich, pesticide-free, and GMO-free produce through urban, vertical hydroponic farming technology. The TCA approved a 1.219 percent, seven-year Job Creation Tax Credit for this project.
NORTHEAST
CrossCountry Mortgage LLC, City of Cleveland (Cuyahoga Co.), expects to create 180 full-time positions, generating $9 million in new annual payroll and retaining $37.3 million in existing payroll as a result of the company’s new project in Cleveland. CrossCountry Mortgage is a mortgage-based solutions provider offering home purchase, refinance, and home equity products. The TCA approved a 1.655 percent, eight-year Job Creation Tax Credit for this project.
The Cleveland Clinic Foundation (CCF), City of Cleveland (Cuyahoga Co.), expects to create 1,000 full-time positions, generating $100 million in new annual payroll and retaining $956.3 million in existing payroll as a result of the company’s expansion project in Cleveland. CCF operates the Cleveland Clinic, an academic medical center. The project involves expanding R&D operations by establishing a new Global Center for Pathogen Research & Human Health. The TCA approved a 2.580 percent, 15-year Job Creation Tax Credit for this project.
SOUTHWEST
CBTS Technology Solutions LLC, Cities of Cincinnati and Springdale (Hamilton Co.), expects to create 137 full-time positions, generating $15.8 million in new annual payroll and retaining $77.2 million in existing payroll as a result of the company’s expansion project in Cincinnati and Springdale. CBTS Technology Solutions provides technology consulting services including cloud assessment and strategy, infrastructure needs, and communication channels. The TCA approved a 2.392 percent, nine-year Job Creation Tax Credit for this project.
High Road Holdings LLC (EBTH), City of Blue Ash (Hamilton Co.), expects to create 866 full-time positions, generating $40.4 million in new annual payroll and retaining $8 million in existing payroll as a result of the company’s expansion project in Blue Ash. EBTH is a curated auction-based marketplace for secondhand goods from retailers and individuals. The TCA approved a 1.980 percent, nine-year Job Creation Tax Credit for this project.