Ohio OKs Tax Credit for Amazon Distribution Center
COLUMBUS, Ohio – The Ohio Tax Credit Authority approved a job creation tax credit at its meeting Monday to support online retail giant Amazon’s proposed distribution center in Twinsburg.
The $270,000, six-year tax credit would support the equivalent of 150 full-time positions the internet-based retailer plans to create at the new fulfillment center, according to the office of Gov. John Kasich. The jobs — 10 full-time and 300 part-time — and would generate $4.1 million in new payroll.
Amazon’s proposal was among seven economic development projects brought to the board by JobsOhio and its regional partners at its monthly meeting Monday.
Collectively, the projects are expected to result in $31.4 million in new payroll, and spur more than $193 million in investment across Ohio, according to the news release.
A specific location for the Amazon project was not disclosed, but news reports speculate that the location would be the CornerStone Business Park, which is the site of the former Chrysler Twinsburg stamping plant.
Pictured: Amazon’s fulfillment center in Phoenix, Ariz.
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