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New Projects Expected to Create More than $109 Million in New Investments

COLUMBUS – Today Governor John R. Kasich announced the approval of assistance for 4 projects set to create 1,153 new jobs and retain 278 jobs statewide. 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 $36 million in new payroll, and spur more than $109 million in investments across Ohio.

Projects approved by the TCA include:

NORTHEAST

Tarkett USA Inc., Auburn Township (Geauga Co.), expects to create 76 full-time positions, generating $3 million in new annual payroll and retaining $22.4 million in existing payroll as a result of the company’s expansion project in Auburn Township (Geauga Co.). Tarkett manufactures industrial rubber goods and rubberized fabrics, including flooring materials. The TCA approved a 1.264 percent, six-year Job Creation Tax Credit for this project.

CENTRAL

Revolucion Holding, Inc. (Condado), City of Columbus (Franklin Co.), expects to create 27 full-time positions, generating $1.6 million in new annual payroll and retaining $554,000 in existing payroll as a result of the company’s expansion project in the City of Columbus (Franklin Co.). Condado is a chain of casual build-your-own taco restaurants. The TCA approved a 1.365 percent, six-year Job Creation Tax Credit for this project.

SOUTHWEST

Bed Bath & Beyond Inc., City of Monroe (Butler Co.), expects to create 900 full-time positions, generating $26.6 million in new annual payroll as a result of the company’s new project in the City of Monroe (Butler Co.). Bed Bath & Beyond is retail chain that sells goods primarily for the bedroom and bathroom, as well as the kitchen and dining room. The TCA approved a 1.467 percent, 10-year Job Creation Tax Credit for this project.

LOCATION TBD

Medline Industries, Inc., (Location TBD), expects to create 150 full-time positions, generating $5 million in new annual payroll as a result of the company’s new project in a to-be-determined location. Medline distributes medical supplies and equipment to medical facilities and direct to consumers. The TCA approved a 1.256 percent, seven-year Job Creation Tax Credit for this project.