Area projects receive job-creation tax credits
BLADE STAFF AND NEWS SERVICES
The Ohio Tax Credit Authority has approved job-creation tax credits for an expanding Perrysburg glass firm and a Cleveland firm seeking to open domestic information technology centers to repatriate formerly outsourced work.
Owens-Brockway Glass Container Inc. was awarded a seven-year, 50 percent job-creation tax credit valued at $2.4 million for a $14 million renovation that will create a new glass and materials-science laboratory. The project is expected to create 55 jobs and retain 802.
Ruralogic Inc. of Cleveland was awarded three identical eight-year, 60 percent job-creation tax credits for projects in Archbold, Napoleon, and Bryan. The company, which seeks to use information technology professionals in low-cost, rural communities to provide services that had been shipped overseas, would create as many as 121 jobs in each of the three communities, the Ohio Department of Development said.