Job creation tax credits have Ohio companies seeking employees

Written on Jun 07, 2021

Thanks to job creation tax credits that have lured several global companies to Ohio, the state is about to experience a hiring boom.

It is estimated that the tax credits will put $606 million into the state economy and create more than 3,000 new jobs.

In all, nine projects covering eight Ohio counties are moving ahead, resulting in nearly $189 million in taxable income for the state. The biggest boost is coming from fitness company Peloton which is building its first dedicated factory starting later this summer leading to more than 2,000 positions near Toledo. 

In Williams County, automotive supplier Matsu is investing more than $4 million to create 104 jobs at its plant.

In Central Ohio, Bath and Body Works is building a one million square-foot distribution center, bringing 500 jobs to the Columbus area. 

In the southwest part of the state, aluminum manufacturer Magnode is creating a facility in Butler County which should employ more than 170 jobs.

This new development has helped Ohio rank number two in the country for total new business projects, and number one for its projects per capita.

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