Ohio’s largest single job creation project in state history could receive more than $450 million in tax breaks. The Ohio Tax Credit Authority approved a 2.594%, 30-year job creation tax credit for Anduril Industries,
The Ohio Tax Credit Authority greenlit a 2.59% refundable Job Creation Tax Credit on Monday for Anduril Industries, with terms that begin in 2026 and end in 2055.
The state approved a major tax break Monday for a California defense contractor that plans to build a weapons factory in Pickaway County.
Ohio Governor Mike DeWine and Ohio Department of Development Director Lydia Mihalik announced the approval of significant state tax incentives
Confused state officials scrambled Tuesday to discern how the order impacted state government, which gets about 30% of its general fund dollars from federal sources.
Dubbed "Arsenal-1," the $1 billion Pickaway County factory will be the largest job-creation project in Ohio history, state officials say.
The project, expected to bring over 4,000 new jobs to Ohio by 2035, marks the largest single job creation and new payroll initiative in the state's history.
A "hearty Ohio breakfast" led a defense contractor to decided to build a 5-million-square-foot weapons factory in Pickaway County.
The Ohio Tax Credit Authority Monday approved a 30-year, 2.594% Job Creation Tax Credit for Anduril Industries Inc., which plans to build a 500-acre manufacturing complex in northern Pickaway County that could grow to 5 million square feet over time. The estimated value of the tax credit over its term and if all goals are met is $452.2 million.
The facility will focus on producing autonomous weapons systems, representing a nearly $900 million investment that is expected to contribute $1 billion annually to Ohio’s economy.
PICKAWAY COUNTY, OHIO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and JobsOhio announced today that Anduril Industries, a leader in defense technology, will establish an advanced manufacturing facility in Pickaway County, bringing more than 4,000 new production and service jobs to Ohio by 2035.
COLUMBUS, Ohio (WKBN) — Two big projects in Ohio are set to receive millions of dollars in tax breaks to set up shop in the state.