News Home
Quick Bites
News Archive
News Channel
Special Features
On AirNewsClassical
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.


Area Agency on Aging 10B, Inc.

For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )

Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business

Ohio's tax incentives for Chinese company Fuyao total nearly $10 million
The tax incentive is supposed to reward the company for creating jobs

Fuyao Chairman Cao Dewang speaks after the company purchased the Moraine plant.
Courtesy of Lewis Wallace
Download (WKSU Only)
In The Region:

The state of Ohio has approved part of an incentive package for Fuyao, the Chinese auto-glass company coming to the former GM Moraine plant south of Dayton. The job creation tax credit is meant to retain jobs in Ohio, but the incentives does not always work out that way.


Other options:
Windows Media / MP3 Download (1:04)

The idea behind the Job Creation tax credit is to give companies a break on taxes, if they create new jobs.

Fuyao’s planning to bring in more than 800 jobs, which would mean more than $32 million in annual payroll.

If the company succeeds, the state will give Fuyao a tax discount totaling almost $10 million over 15 years.

Economic development officials say incentives like this are a way to compete with other states. Kristi Tanner is with JobsOhio.

"JobsOhio started working with Fuyao not quite a year ago, and they could have selected any state," Tanner says. "They could have selected any site."

A New York Times analysis found Ohio spent about a tenth of the state budget from 2006 to 2011 on tax credits, grants and other incentives for businesses.

But that has not always worked to retain jobs: GM, which pulled out of Moraine in 2008, had been one of the largest recipients of government tax credits in the state.

The Fuyao tax credit requires the company to stick around for at least 18 years.

Add Your Comment


E-mail: (not published, only used to contact you about your comment)


Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook

Stories with Recent Comments

Kimono canvas makes rare trip outside Japan
Hi! There is some mis-information regarding Itchiku Kubota's showing of his work. The first time his work was shown, was not in 1995 at the Smithsonian, but was...

Kasich campaign evokes dark images of a Trump presidency

Backers of legalizing marijuana in Ohio promise to be back in 2016
We should be aloud to grow more than 4 plants and not have to register with the state considering it will be a free market.

Akron says it's had no second thoughts about welcoming refugees
What business does Councilman Neal own on North Hill? I'd love to support him. I am so glad to have the refugees in our neighborhood. I have lived here for 25 ...

Scarborough says the University of Akron is trying to rebuild relationships
In order for the University of Akron to grow and become a desirable place for students across Ohio and elsewhere, it must address the crime problem in the Akron...

Ohio Sen. Cliff Hite wants to end pay-to-play sports fees at Ohio's schools
You can bet Hite and Husted will also rush to the rescue of the Academic Challenge team, the speech-and-debate squad, the Science Olympians and the chess club. ...

Ohio lawmakers consider new gun bills
States that have gun restrictions/cities have reduced gun violence is false. CHICAGO has some of the toughest gun laaws/restrictions but yet fun violence is off...

Cleveland's public transit system considers fare increase for 2016
I work with individuals with disabilities. Yes some of my folks need more help than the average person. As a whole, the group I work with however can manuver ju...

Community group sues to re-open part of Wadsworth hospital
My father was part of the founding group of citizens which started the "new" Wadsworth/Rittman Hospital. For some reason the leadership for the future of the ho...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University