State approves tax credits for projects to bring 388 jobs and $23M in investments

Ohio Governor John Kasich recently announced “the approval of assistance for 5 projects set to create 388 new jobs” and bring millions in investment to the state, The Sunbury News reports. The Ohio Tax Credit Authority (TCA) “reviewed economic development proposals brought to the board by JobsOhio and its regional partners,” the article reports. Those five projects are expected to “spur more than $23 million in investments across Ohio.” Among the credits the TCA approved is “a 1.402 percent, seven-year Job Creation Tax Credit” for BoxCast Inc.’s expansion that is expected to create 71 new full-time positions. UPS Supply Chain Solutions, Inc. received “a 1.505 percent, seven-year Job Creation Tax Credit” for a new project in West Chester that will add 130 full-time positions, “generating $5.5 million in new annual payroll.” For more, read the full article

JobsOhio/ODSA, Regional Updates, State Updates