Macy’s awarded state tax credit for $30M expansion in Jackson Township

The Ohio Tax Credit Authority approved a 1.472% Job Creation Tax Credit for Macy’s Corporate Services LLC for a “nearly $30 million potential expansion at its Jackson Township fulfillment center,” The Business Journal reports. That investment “would result in the creation of 417 full-time equivalent positions with annual payroll of $16,775,000 by Dec. 31, 2023, and retain 55 positions paying $2.1 million annually,” according to the article. Walt Good, managing director of Team NEO, the regional economic development agency, said the tax incentive was “a major factor for the company moving forward in Ohio” due to out-of-state competition. For more, read the full article.

Economic Development, Financial Incentives, State Updates