Mary Alice Reporting – A 10-year credit was approved by the Ohio Department of Development’s Tax Credit Authority for a local company.
JobsOhio reported that Ohio’s Governor and Lt. Governor joined Battle Motors, Team Northeast Ohio, and the Tuscarawas County Economic Development Corporation to announce the credit along with the addition of 434 new manufacturing jobs for Tuscarawas County.
The jobs are based on the company’s recent expansion, at the New Philadelphia location, of their electric production as they manufacture heavy-duty vocational trucks for refuse, recycling, infrastructure maintenance, ground support, agriculture, delivery, and general freight.
As part of this week’s announcement, the Tax Credit Authority approved a 1.464%, 10-year Job Creation Tax Credit, which is a refundable and performance-based tax credit calculated as a percent of created payroll and applied toward the company’s commercial activity tax liability.
In the release, Governor Mike DeWine noted that, “Ohio is quickly becoming a powerhouse in the world of electric vehicles, and it’s great to see that Battle Motors is bringing on more staff to support its important role in the heavy-duty truck market, and this is another example of how the state’s strong economy is helping businesses thrive and bringing new opportunities for our citizens.”
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