Erie and Lake counties will benefit financially from two economic projects, according to a news release from Ohio Gov. Mike DeWine and Lt. Gov. Jon Husted.
The Governor’s Office announced Sept. 25 the approval of assistance for six projects set to create 332 new jobs and retain 926 jobs statewide, the release said.
During its monthly meeting, the Ohio Tax Credit Authority reviewed economic development proposals brought to the board by JobsOhio and its regional partners, according to the release.
Collectively, the projects are expected to result in more than $27 million in new payroll and spur more than $426 million in investments across Ohio, the release said.
Projects approved by the Tax Credit Authority in Northeast Ohio include:
• Aligned Data Centers (NEO) Propco LLC in Erie County expects to create 18 full-time positions, generating $1.6 million in new annual payroll as a result of the company’s new location in the Perkins Township, according to the release.
Aligned provides hyperscale data centers and assists businesses with speed-to-market, energy and water efficiency and the ability to seamlessly scale infrastructure as businesses growth demands, the release said.
The Tax Credit Authority approved a 75%, 15-year Data Center Tax Exemption for this project, according to the release.
• Ohio Ordnance Works Inc. in Lake County expects to create 70 full-time positions, generating $3.9 million in new annual payroll, and retaining $5,542,814 in existing payroll, as a result of the company’s expansion project in Chardon, the release said.
Ohio Ordnance Works is a manufacturer of firearms and ordnance for supply to different foreign and domestic government agencies.
The Tax Credit Authority approved a 1.226%, six-year Job Creation Tax Credit for this project, the release said.
The Tax Credit Authority also approved projects in Franklin, Hamilton and Montgomery counties, according to the release.
