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 WKSU News Channel
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WKSU Classical Channel
Classical Music With Lynne Warfel
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Sergei Prokofiev: Symphony No. 1 "Classical" (Los Angeles Philharmonic)
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Economy and Business Wednesday, August 29, 2012 Half a dozen northeast Ohio companies are expanding and adding jobs About 430 new jobs are to be created through the expansion plans, and part of the economics of the growth involves tax breaks by WKSU's TIM RUDELL |
 Reporter Tim Rudell | | |
 | | Jobs Ohio comprises a six region system of contractors engaged by the state to handle economic development in their respective areas | | Courtesy of State of Ohio |
In The Region: It is often said in this political season that lowering taxes can create jobs. This week, there has been some direct evidence of that happening. WKSU’s Tim Rudell reports |
(Click image for larger view.)
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State income tax credits up to 55 % will be used by area companies to help fund expansions; and employment. The deals, involving credits for five to ten years, and more than four hundred new jobs, were put together by Jobs Ohio…the organization of regional business boosters created by the Kasich administration to privatize economic development.
Cleveland Range, a maker of commercial kitchen equipment is looking to double its work force of 179. Step2, the Streetsboro toy company will add up to 125 jobs. Avon’s L&W Engineering, FTI in Valley City, GrafTech of Parma, and Cleveland Construction, combined, will add 131 new people.
Tax breaks must be approved by the Ohio Tax Credit Authority; that came this week. Companies getting credits have to keep the added jobs for from 8 to 13 years depending on the deal. |
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