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Ohio Governor Mike DeWine, Lt. Governor Jim Tressel, and Ohio Department of Development Director Lydia Mihalik today announced the approval of four projects that will create 384 new jobs and retain nearly 1,600 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. The projects are expected to result in more than $28 million in new payroll and spur more than $131 million in investments across Ohio. One of those projects is in Williams County.
APA Solar, LLC, city of Bryan (Williams County) and Ridgeville Township (Henry County), expects to create 133 full-time-equivalent positions, generating more than $9.7 million in new annual payroll as a result of the company’s new location. APA Solar is a manufacturer of solar racking systems and components focused on fixed racking solutions tailored to meet specific needs in difficult environments. The proposed project includes the acquisition of a new facility to expand manufacturing capabilities and new office space. TCA approved a 1.644 percent, eight-year Job Creation Tax Credit for the project.
The Job Creation Tax Credit is a performance-based credit. The actual values of the credits are based on the jobs that are ultimately created and the new payroll that’s generated, which will be subject to state verification.