Columbus, Ohio – In a major move to fuel job growth and investment across Ohio, Governor Mike DeWine, Lt. Governor Jim Tressel, and Development Director Lydia Mihalik announced the approval of six new projects under the Ohio Tax Credit Authority (TCA). The approved developments are projected to create 716 new jobs and retain over 1,300 existing roles across various industries. These efforts are expected to bring more than $50 million in new payroll and over $39 million in capital investments.
The TCA’s monthly meeting, held in coordination with JobsOhio and regional partners, granted job creation tax credits to a range of businesses in sectors such as renewable energy, aerospace, construction, and organic food distribution.
Central Ohio Expansion with Global Focus
In Franklin County, Hexion Inc., a chemical manufacturer based in Dublin, is launching a new global research and development hub. The company plans to add 100 new jobs with $11.7 million in annual payroll. Hexion specializes in advanced resins and adhesives for automotive, construction, and industrial applications. Their expansion aims to boost innovation and product development. TCA granted Hexion a 10-year, 1.873 percent Job Creation Tax Credit.
Manufacturing Innovation in Northwest Ohio
In Wyandot County, Vaughn Industries, LLC will establish a new facility in Carey. The contractor, known for its work in renewable energy and complex mechanical systems, is set to create 126 jobs and add $8.8 million to annual payroll. The new site will unify current operations and adopt advanced manufacturing technologies. A 1.531 percent, eight-year tax credit was approved to support the effort.
Organic Food Distribution Grows in Southeast Ohio
In South Point, Lawrence County, Azure Farms, Inc., also known as Azure Standard, will open a new distribution and logistics center. This move is expected to generate 150 jobs and $11 million in new payroll. The company, which focuses on bulk organic and non-GMO food products, will also build greenhouses to support sustainable agriculture. The TCA awarded a 1.626 percent, nine-year tax credit.
Greater Cincinnati Sees Multiple Developments
Hamilton County is the focal point for three distinct expansions:
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Bay Cities Container Corporation, located in Blue Ash, will establish a new design and sales office. Ten new jobs with a total payroll of $1.8 million are anticipated. A seven-year, 1.510 percent tax credit was granted.
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Melink Solar, LLC, in Symmes Township, is growing its headquarters to accommodate training, displays, and office operations. This solar energy firm will create 30 jobs and add $3.6 million in payroll. It received a 1.561 percent, seven-year credit.
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StandardAero Component Services, Inc., in Sharonville, is preparing for a significant expansion involving new equipment and added facility space. The aerospace company will create 300 jobs and $13.8 million in payroll. TCA supported the project with an eight-year, 1.433 percent tax credit.
A Coordinated Statewide Strategy for Economic Growth
“These projects represent the strength of Ohio’s economy and the commitment to innovation across sectors,” Governor DeWine stated. “From energy to aerospace, we are seeing companies invest in Ohio’s future and its workforce.”
The six initiatives showcase the TCA’s role in attracting private investment while strengthening job markets in both rural and urban communities. Since its formation, the Tax Credit Authority has played a key role in Ohio’s broader strategy to retain and attract talent while encouraging long-term economic resilience.
With these new developments underway, Ohioans can expect new job opportunities, increased industrial capacity, and stronger community ties across the state.
