Ohio Job-Retention Credit Proposal Would Expand Dusty Incentive

June 14, 2019, 7:59 PM

A massive expansion of Ohio’s job-retention tax credit program included in a Senate budget bill would allow all manufacturers to apply for the credits without the state’s current large workforce-retaining thresholds.

The tweak in the Senate’s state operating budget bill, introduced June 11, would shift a $130 million tax incentive program that Ohio used to help large companies maintain Buckeye workforces during the Great Recession.

The program has gathered dust since 2013, when Ohio granted General Electric Co. a $22 million credit to maintain 1,350 jobs in the Cincinnati area. Manufacturers hope a broader credit program will foster statewide ...

To read the full article log in. To learn more about a subscription click here.