(COLUMBUS, Ohio) – Ohio Governor Mike DeWine and Lt. Governor Jon Husted today announced the approval of assistance for four projects set to create 781 new jobs and retain 156 jobs statewide.
During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed and approved economic development proposals from JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $85 million in new payroll and spur more than $47 million in investments across Ohio.
Projects approved by the TCA include:
CENTRAL
Wells Fargo Bank, National Association (TBD) expects to create 585 full-time positions, generating $73 million in new annual payroll and retaining $5.4 million in existing payroll, as a result of the company’s new location at a to-be-determined site. Wells Fargo provides banking, insurance, investment, mortgage, and consumer and commercial finance services through more than 8,400 locations, 13,000 ATMs, and Internet and mobile banking. Wells Fargo has offices in 42 countries and territories. The TCA approved a 2.582%, 15-year Job Creation Tax Credit for this project.
NORTHEAST
R.E. Warner & Associates (Cuyahoga County) expects to create 88 full-time positions, generating $6.3 million in new annual payroll and retaining $9 million in existing payroll, as a result of the company’s expansion project in North Olmsted. R.E. Warner provides full-service, multi-discipline engineering, architecture, and surveying for facilities and infrastructure from pre-project planning through design to construction close-out. The TCA approved a 1.538%, seven-year Job Creation Tax Credit for this project.
SOUTHWEST
Mattr US Inc. (Butler County) expects to create 48 full-time positions, generating more than $2.7 million in new annual payroll and retaining $1.7 million in existing payroll, as a result of the company’s new location in Fairfield. Mattr US Inc. designs, manufactures, protects, and manages critical assets for customers in the industrial, automotive, and oil/gas industries. The TCA approved a 1.28%, six-year Job Creation Tax Credit for this project.
WEST
Michigan Metal Coatings Company (Shelby County) expects to create 60 full-time positions, generating $3.57 million in new annual payroll as a result of the company’s new location in Sidney. Michigan Metal Coating is an accredited applicator of the Geomet and Doerken systems. They are a leader in the application of chromium-free, corrosion-resistant coating systems for Tier 1 automotive customers. The TCA approved a 1.357%, seven-year Job Creation Tax Credit for this project.