Ohio Approves Five Projects Set to Create 1,173 Jobs and $431 Million in Investments

Ohio Governor Mike DeWine, Lt. Governor Jim Tressel, and Ohio Department of Development Director Lydia Mihalik announced the approval of five projects that will create 1,173 new jobs, retain 601 jobs statewide, and result in more than $431 million in investments across Ohio.

During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. The projects are expected to result in more than $79 million in new payroll.

In central Ohio, Neptune North, Inc. expects to create 75 full-time-equivalent positions, generating $6 million in new annual payroll by Dec. 31, 2029. Headquartered in New Castle, UK, the company provides data, AI, software, and consulting services to businesses in the finance and defense industries. The TCA approved a 1.449 percent, eight-year Job Creation Tax Credit.

In the northeast, The HC Companies, Inc. (Growscape) expects to create 90 full-time-equivalent positions, generating $4,401,772 in new annual payroll by Dec. 31, 2029, for its project in the village of Middlefield in Geauga County and the city of Twinsburg in Summit County. The TCA approved a 1.254 percent, seven-year Job Creation Tax Credit.

In the northwest, Polyethics Industries Inc. expects to create 250 full-time-equivalent positions, generating $12 million in new annual payroll by Dec. 31, 2030, in the village of Antwerp in Paulding County. The project involves establishing the company's first U.S. operations. The TCA approved a 1.437 percent, eight-year Job Creation Tax Credit.

In western Ohio, Sebang Lithium Battery Ohio LLC expects to create 443 full-time-equivalent positions, generating more than $37.1 million in new annual payroll by Dec. 31, 2029, in the village of Jeffersonville in Fayette County. The project would establish the company's first U.S. facility. The TCA approved a 2.003 percent, 10-year Job Creation Tax Credit.

Wal-Mart Associates, Inc. expects to create 315 full-time-equivalent employees, generating $19,530,000 in new annual payroll by Dec. 31, 2029, for its project in Turtlecreek Township and the city of Monroe in Warren County. The project involves the build-out of a new, non-sortable distribution center to enhance the company's next-day delivery supply chain network. The TCA approved a 1.662 percent, nine-year Job Creation Tax Credit.