Butler County projects win tax credits for promised 464 new jobs

The Ohio Tax Credit Authority has granted tax credits for Butler County projects that will bring investment in new facilities and create 464 new jobs, the Hamilton Journal-News reports. Origin Venture, a paper company providing papermaking, recycling, and corrugated packaging manufacturing, received “a 1.618 percent, eight-year Job Creation Tax Credit,” according to the article. The company “expects to create at least 64 full-time positions in Hamilton, generating $4.7 million in new annual payroll.” Carvana, an online platform for users to “trade, finance, buy and sell used cars,” received “a 1.368 percent, eight-year Job Creation Tax Credit.” Carvana expects to create 400 full-time positions generating $13.3 million in new annual payroll for its 200,000-square-foot facility in Trenton. For more, read the full article.

Economic Development, Financial Incentives, State Updates