A Putnam County company has been approved for a tax break from the state of Ohio to expand its operations.
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AARP Ohio commends the reintroduction of the Credit for Caring Act, legislation that would provide financial relief to eligible working family caregivers in Ohio and throughout the nation.
State Representative Angie King (R-Celina) recently reintroduced legislation to combat illegal activity by imposing a fee on wire transfers.
A Findlay building will soon see rehabilitation efforts to house office space and more in the future. The vacant building located at 331 North Main street will receive a tax credit of $221,000 for the $1,350,000 project.
Ohio hands out billions of American Rescue Plan dollars and looks at addressing the lack of housing in the state. Gov. Mike DeWine signed a spending bill with nearly $6 billion in federal and state dollars to support programs like mental health services, hospitals, and school coronavirus relief. The spending bill set aside $500 million to assist Ohio’s childcare industry. It also had a controversial provision to allow county auditors the authority to set values for low-income housing projects, which could affect real estate tax collection. But DeWine says addressing low-income housing will be one of his priorities in his next two-year budget that need to be completed this summer.
Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced state support for 12 mixed-use development projects that are expected to create more than $1.29 billion in new payroll and $2.3 billion in investments across Ohio. Van Wert Forward Phase II is one of the twelve projects supported with $896,134 in tax credits from the Transformational Mixed-Use Development (TMUD) Program administered by the Ohio Department of Development.
Tax credits will help the development of two locations in downtown Lima. Local Restaurateur and Developer John Heaphy provided key updates on two downtown projects, while also talking about securing tax credits from the State of Ohio to help with the developments.
The Van Wert Forward project has acquired over 50 properties that will be upgraded over the coming years. Last week, Governor Mike DeWine announced Historic Tax Credits for three new projects that will be part of phase two. The total cost of those projects is around $15 million dollars, and the state gave them $1.5 million in tax credit. Which is more than the $1.2 million in tax credits they got for phase one. But if you drive down Main Street, you can see the downtown start to transform right before your eyes.
On Monday, the Ohio Tax Credit Authority approved a tax break for the $501 million expansion project. The Lima plant will be the only P&G plant in the world to produce their Gain and Downey Unstoppable Laundry Scent Beads. Currently, those products are being made by contract manufacturers. The sales of that product line have grown exponentially since it launched 11 years ago. If the project gets its final approvals, P&G will be building a new plant between the current Lima Plant and the distribution center.
The company currently employs 270 people at its Spencerville location. Construction on the expansion should be completed and ready for use by July 2023. Regional growth partnership, Allen Economic Development Group, Jobs Ohio, and the Village of Spencerville were all involved in making the project happen.