Ohio Tax Incentives Drive 1,359 New Jobs Statewide
The state has approved 10 major projects, signaling increased labor competition and facility investment for local operators.
Updated on Oct. 27, 2026 in Jobs — General
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The Ohio Tax Credit Authority has approved tax credits for 10 new economic development projects expected to generate over $2.2 billion in investment. These initiatives will create 1,359 new jobs and retain 1,824 existing positions statewide.
Why it matters
The approved projects, including expansions by Forgent Power Solutions, Certus Medical LLC, and Bayer U.S. LLC, aim to address rising demand for infrastructure and regional healthcare support. Businesses should track these state incentives as indicators of local sector growth trends and potential labor market shifts.
The 10 approved projects represent a total investment of $2.2 billion and are projected to generate $142 million in new payroll. This initiative includes 1,359 new roles and ensures the retention of 1,824 current positions across the state.
The players
Ohio Tax Credit Authority
A state-level government body that manages performance-based tax incentives to stimulate economic growth and job creation.
Forgent Power Solutions
A growing company focused on power infrastructure that is expanding its corporate footprint in the Columbus market.
Certus Medical LLC
A medical services firm establishing a new office in Westerville to expand its service capacity across the Midwest and East Coast.
Bayer U.S. LLC
A large-scale multinational life sciences company undergoing a significant facility project in New Albany.
The details
The Ohio Tax Credit Authority evaluates proposals vetted by JobsOhio to grant performance-based tax credits that offset operational costs for expanding firms. For example, Forgent Power Solutions is leveraging a 10-year, 1.9% tax credit to support a $3 million build-out of 90,000 square feet in the Arena District. These credits are tied to specific job creation milestones, requiring firms to hit hiring targets to realize the full tax savings.
Timeline
October 26, 2026: The Ohio Tax Credit Authority announced approval for the 10 economic development projects.
December 31, 2031: Certus Medical targets the creation of 45 full-time-equivalent positions.
End of 2034: Bayer U.S. LLC expects to finalize the creation of 606 new positions.
Market Landscape
These tax credits follow the standard operating procedures of the JobsOhio economic development framework used to attract corporate expansions. The strategy aligns with recent regional efforts to secure high-payroll investments in the power and medical sectors.
Operators in the Arena District, Westerville, and New Albany should monitor the specific labor competition and facility requirements emerging from these expansions. Firms should review state tax credit criteria if they are planning significant capital investments or headcount increases.
The takeaway
Large-scale corporate expansions often utilize performance-based tax credits that require strict adherence to hiring milestones over several years. Business owners should track the long-term job creation targets associated with these projects to understand potential shifts in local talent availability.
Further reading
For broader trends on state-level hiring incentives, see Jobs — General.
Source note: This article includes information reported by The Columbus Dispatch.
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