$259 million is being invested into Ohio's communities, which includes Pike County.
Governor John Kasich said, Monday, that 17 state projects have been approved, which are anticipated to create more than 1,300 jobs and retain 2,728 jobs statewide. During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals presented to the board by JobsOhio and its regional partners. Collectively the projects are expected to result in more than $45 million in new payroll and $259 million in investment across Ohio.
One such project involves Geo-Tech Polymers LLC, of Pike County. Geo-Tech, which specializes in recycling coated plastics used in consumer and automotive applications, expects to create 50 full-time positions, generating $1.4 million in new annual payroll as a result of the company’s new location project in the Village of Waverly.
The TCA approved a 40 percent, five-year Job Creation Tax Credit for this project.