Ohio Job Creation Tax Leads to $296 Million in Investments

On December 6, 2021, Ohio Governor Mike DeWine announced the approval of the Ohio Job Creation Tax Credit (OJCTC) for 10 projects which will create 946 new jobs and retain 2,485 existing jobs in the state. The projects will also lead to $296 million in new investments in Ohio.

The projects approved include:

  • Whirlpool Corporation – Village of Ottawa – to create 100 full time jobs as a result of the company’s expansion project to manufacture and market home appliances. A 1.118%, seven-year OJCTC was approved.
  • R&L Carriers Inc – City of Finlay – to create 199 full time jobs in the family-owned freight shipping company. A 1.567%, eight-year OJCTC was approved.
  • LG Chem America Inc – City of Ravenna – to create 72 jobs for new project producing ABS, new heat, and impact resistant compound use for from toys to auto parts. A 1.594%, eight-year, OJCTC was approved.
  • Vinylmax – City of Hamilton – to create 150 full time jobs as part of expansion project manufacturing custom and replacement windows. A 1.255%, seven-year, OJCTC was approved.
  • Herr Foods Incorporated – Cities of Jackson and Chillicothe – to create 150 full time jobs as a result of the company’s expansion project. Herr Foods produces potato chips and other snack foods. A 1.192%, seven-year OJCTC was approved.


What is the Ohio Job Creation Tax Credit?

The OJCTC is a state program that credits back state income tax for businesses that expand or locate in Ohio. A business can receive a refundable tax credit against its income tax based on the state income tax withheld on new, full-time employees. The amount of the tax credit can be up to 75% for up to 10 years. A minimum of 25 full time jobs must be created within three years of operation with wages being 150% above the federal minimum wage. Businesses must demonstrate that tax credit is a major factor in the decision to go forward with the project. Local municipalities also participate by providing their own financial support for the projects.

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