Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced the approval of assistance for seven projects set to create 845 new jobs and retain 319 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 $48 million in new payroll and spur more than $12 million in investments across Ohio. Projects approved by the TCA include:
CENTRAL
Coastal Ridge Real Estate Partners LLC (Coastal Ridge), City of Columbus (Franklin Co.), expects to create 80 full-time positions, generating $6.3 million in new annual payroll and retaining $4.7 million in existing payroll as a result of the company’s expansion project in Columbus. Coastal Ridge is a real estate investment and management company. The TCA approved a 1.858 percent, eight-year Job Creation Tax Credit for this project.
NORTHEAST
Outerbox Solutions Inc. (OuterBox), Copley Township (Summit Co.), expects to create 50 full-time positions, generating $2.8 million in new annual payroll and retaining $1.9 million in existing payroll as a result of the company’s expansion project in Copley Township. OuterBox provides website design, e-commerce, and search engine optimization marketing for a range of industries from consumer goods to health care. The TCA approved a 1.358 percent, seven-year Job Creation Tax Credit for this project.
The NOCO Company (NOCO), Village of Glenwillow (Cuyahoga Co.), expects to create 15 full-time positions, generating $1.5 million in new annual payroll and retaining $3.1 million in existing payroll as a result of the company’s expansion project in the Village of Glenwillow. NOCO designs, manufactures, and markets battery chargers, jump starters, and battery boxes along with related battery products and accessories. The TCA approved a 1.478 percent, six-year Job Creation Tax Credit for this project.
SOUTHWEST
Online.cars LLC, City of Loveland (Hamilton Co.), expects to create 100 full-time positions, generating $6.1 million in new annual payroll and retaining $2.6 million in existing payroll as a result of the company’s expansion project in Loveland. Online.cars is an online automotive retail company. The TCA approved a 1.566 percent, eight-year Job Creation Tax Credit for this project.
SAEC/Kinetic Vision Inc. (Kinetic Vision), Village of Evendale (Hamilton Co.), expects to create 60 full-time positions, generating $5.4 million in new annual payroll and retaining $8.5 million in existing payroll as a result of the company’s new project in the Village of Evendale. Kinetic Vision integrates advanced technologies to accelerate product innovation within a range of industries, including medical, consumer electronics, transportation, aerospace and consumer packaged goods. The TCA approved a 1.790 percent, eight-year Job Creation Tax Credit for this project.
LOCATION TBD
Hims Health and Wellness (Hims), (Location TBD), expects to create 500 full-time positions, generating $20.5 million in new annual payroll as a result of the company’s new project in a to-be-determined location. Hims is an online retailer of personal care products for men. The TCA approved a 1.652 percent, 10-year Job Creation Tax Credit for this project.
Elite Americas and LSEGH Inc. (Elite Americas), (Location TBD), expects to create 40 full-time positions, generating $5.5 million in new annual payroll as a result of the company’s new project in a to-be-determined location. Elite SpA is a stock exchange and financial information company. The TCA approved a 2.631 percent, eight-year Job Creation Tax Credit for this project.