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Ohio Governor's Office
, Press Release
Monday, January 27, 2020
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New statewide projects expected to create more than $5M in investments
Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced Monday the approval of assistance for four projects set to create 277 new jobs and retain 1,019 jobs statewide.
During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $16 million in new payroll and spur more than $5 million in investments across Ohio.
Projects approved by the TCA include:
• Checkpoint Surgical Inc., Village of Highland Hills (Cuyahoga County), expects to create 18 full-time positions, generating $1.9 million in new annual payroll and retaining $2.3 million in existing payroll as a result of the company’s expansion project in Highland Hills. Checkpoint Surgical provides surgeons with neurological devices to locate and identify nerves and evaluate nerve and muscle response to stimulus in surgical procedures. The TCA approved a 1.625-percent, seven-year Job Creation Tax Credit for this project.
• Intelliteach Inc., City of Maumee (Lucas County), expects to create 132 full-time positions, generating $4.5 million in new annual payroll as a result of the company’s new project in Maumee. Intelliteach provides IT, financial service and eLearning solutions to the legal and accounting markets. The TCA approved a 1.192-percent, seven-year Job Creation Tax Credit for this project.
• Midmark Corporation, Village of Versailles (Darke County), expects to create 99 full-time positions, generating $6.7 million in new annual payroll and retaining $67.2 million in existing payroll as a result of the company’s expansion project in Versailles. Midmark Corporation provides products and services for health care providers. The TCA approved a 1.642-percent, eight-year Job Creation Tax Credit for this project.
• Hyperion Technology Group Inc. (Hyperion), (Location TBD), expects to create 28 full-time positions, generating $3.6 million in new annual payroll as a result of the company’s new project in a to-be-determined location. Hyperion builds custom automated machinery for the defense, medical and environmental industries. The TCA approved a 1.938-percent, seven-year Job Creation Tax Credit for this project.
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