Ohio Uses $60 Million GM Clawback as Bargaining Chip (1)

Ohio officials are using a potential record-setting $60 million tax incentive clawback as leverage in development negotiations with General Motors, Gov. Mike DeWine said Tuesday.

The attempt to recover tax incentives already disbursed—the largest such clawback ever pursued by a state—would be retribution for GM balking on a 2009 deal to create 200 jobs and retain 3,700 jobs at the Lordstown Chevy Cruze plant that shuttered last year. The Ohio Tax Credit Authority pulled a vote on the clawback from its Monday agenda at the eleventh hour so the state could strike a deal “whereby we can create more investment ...