COLUMBUS - 

State Representative Bill Reineke (R-Tiffin) has announced that the Ohio Tax Credit Authority (TCA) has approved a project that is expected to create 138 new full-time jobs at Tower Automotive Operations in Bellevue.


During its monthly meeting, held on June 29th, the TCA approved a 50-percent, seven-year Job Creation Tax Credit for the project. In addition to creating 138 full-time jobs, the expansion is also expected to generate $6 million in additional annual payroll and retain $3.5 million in existing payroll.


“There is no doubt in my mind that we are on the right track back to economic prosperity, especially when we have news like this,” Rep. Reineke said. “A project of this magnitude bringing nearly 150 new jobs to the area shows just how far we have come and the kind of momentum we can have going forward. And it’s not just the quantity of new jobs, but the quality as well. We are seeing more and more high-paying opportunities like this pop up, which is exactly what we need to grow our local economy. This is a huge victory for Tower Automotive, for the City of Bellevue, and our entire region.”


This is one of 17 approved projects statewide, which are expected to create 1,758 jobs and result in more than $67.2 million in new payroll.

 
 
 
  
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