Carvana receives JobsOhio grant for $24M investment, 400 new jobs

JobsOhio recently awarded online car retailer Carvana a $175,000 economic development grant to accelerate its nearly $24.2 million investment to develop “an approximately 200,000-square-foot automotive processing facility” near Middletown, the Dayton Business Journal reports. The proposed project “would be a distribution facility that includes vehicle intake, repair, storage and delivery” that is expected to create 400 permanent jobs generating $13.3 million in payroll by the end of 2024, according to the article. The Ohio Tax Credit Authority also granted a Job Creation Tax Credit for the project (see our July 15, 2020 blog post). For more, read the full article

Economic Development, Financial Incentives, State Updates