Gavarone Applauds Ohio Tax Credit Authority Approval of Multiple Northwest Ohio Jobs Projects
December 7, 2020
Theresa Gavarone News
COLUMBUS—State Senator Theresa Gavarone (R-Bowling Green) today applauded the Ohio Tax Credit Authority (TCA) for approving investment projects in Northwest Ohio, expected to create 769 full-time positions.
Lewco Inc., in Ottawa County, expects to create 163 full-time positions, generating $8.4 million in new annual payroll and retaining $8.7 million in existing payroll as a result of the company’s redevelopment project in Erie Township. Lewco manufactures industrial ovens used by the chemical and coatings industry as well as commercial conveyors and conveying equipment utilized in factories, warehouses and other industrial settings.
Also announced today, United Parcel Service (UPS) in Wood County expects to create 606 new full-time positions, generating $27.7 million in new annual payroll as a result of the company’s new project in Henry Township. The TCA approved a 1.702 percent, 10-year Job Creation Tax Credit for this project.
“Today’s announcement shows that Ohio is heading in the right direction and our policies are working to help create jobs and spur economic growth," said Gavarone. "I look forward to seeing these companies expand their operations in Northwest Ohio, employing more of the hard-working people in our district.”
During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $240 million in new payroll and spur more than $864 million in investments across Ohio. Learn more by clicking here.
“Today’s announcement shows that Ohio is heading in the right direction and our policies are working to help create jobs and spur economic growth," said Gavarone. "I look forward to seeing these companies expand their operations in Northwest Ohio, employing more of the hard-working people in our district.”
During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $240 million in new payroll and spur more than $864 million in investments across Ohio. Learn more by clicking here.