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Ohio Job Creation Tax Credit
The Job Creation Tax Credit is a refundable tax credit to companies generally creating at least 10 new jobs (within 3 years) with a minimum annual payroll of $660,000 that pay at least 150% of the federal minimum wage.
Local Job Creation Tax Credit
The City of Hamilton Local Job Creation Tax Credit Program offers eligible companies a tax credit against their local corporate earnings tax. This program is similar to the Ohio Job Creation Tax Credit, with the exception that the tax credit is granted at the local level.
OhioMeansJobs is able to provide cost savings to employers creating new jobs in Ohio. This includes savings associated with advertising job openings, recruiting candidates, distributing and accepting applications, pre-screening applicants, administering tests and assessments, and other pre-hire responsibilities required by the company.
OhioMeansJobs can potentially fund training costs for industry certification based on the employer’s needs, valued at $15,000 per individual.
The employer may be eligible for the On-the-Job Training grant (OJT). OJT helps employers hire and train unemployed workers for full-time, long-term employment. This program reimburses up to 50% of the wages earned while they learn the job, helping them develop the skills that they need to be successful. Total reimbursement is valued up to $8,000 per individual.
For more information, visit OhioMeansJobs Butler County’s web site here.