Two Companies in Region Receive State Funding

Posted on April 26, 2022

Ohio Governor Mike DeWine announced the approval of assistance for five projects set to create 733 new jobs and retain 1,344 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. 

Among the projects approved in our region were: 

The Procter & Gamble Manufacturing Company in Allen County.

135 full-time positions, generating $10 million in new annual payroll and retaining $52.1 million in existing payroll are expected as a result of the company’s expansion project in Bath Township. 

A 1.8 percent, nine-year Job Creation Tax Credit was approved for the project.

Loc Performance Products in Auglaize County expects to create 250 full-time positions, generating $13 million in new annual payroll and retaining $21.6 million in existing payroll as a result of the company’s acquisition project in St. Marys.

The TCA approved a 1.7 percent, nine-year Job Creation Tax Credit for the project.


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