West Carrollton company receives tax credit to help create 25 new jobs

Local News

WEST CARROLLTON, Ohio (WDTN) — Ohio’s Tax Credit Authority (TCA) reviewed and approved an expansion project at Plug Power in West Carrollton, which is expected to create 25 new full-time positions.

Gov. Mike DeWine announced Monday, Aug. 31, that Plug Power was one of five companies to have its projects approved. In total, 574 jobs were made between the five and 1,058 jobs were retained.

The TCA approved a 1.438%, seven year “Job Creation Tax Credit” for this project. This means that Plug Power will generate approximately $1.5 million in new annual payroll, and it will save $1.5 million in existing payroll.

Grab the FREE WDTN News App from the Apple Store or Google play. Stay up to date with all the local news, weather and sports as well as live newscasts and events as they happen.

news-app-download-apple news-app-download-google-play

Follow Us on Facebook, Twitter and Instagram for all the latest news, weather and sports.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Latest Video on WDTN.com

Don't Miss

Interactive Radar

More As Seen on 2 NEWS