Heinz gets OK for project that'll bring jobs to Fremont
Wed, 18 Dec 2013 01:08:25 GMT —
Ohio Governor John Kasich approved tax credits on Tuesday for two companies that will create 575 jobs and retain investments in Massillon, Fremont and Youngstown.
The Ohio Tax Credit Authority (TCA) reviewed the two economic development proposals, brought to the board by JobsOhio and its regional partners. The proposals are expected to bring in 18 million in new payroll dollars and spur more than $46 million in state investments.
One of the two Job Creation Tax Credits approved is with the H.J. Heinz Company. The company claims this will create 275 full-time positions and generate $6.5 million in additional annual payroll in Fremont and Massillon.
The agreement will also retain $37.8 million in existing payroll through the approval of a 65 percent, nine-year Job Creation Tax Credit.
The second deal, a 60 percent, six-year Job Creation Tax Credit, with Network Solutions will create 300 full-time positions in Youngstown.
The company will also generate $12 million in additional annual payroll as a result of the companyâ??s new location.