Ohio Approves Tax Credits for 10 Development Projects

The state incentives aim to catalyze over $2.2 billion in new investment and create 1,359 jobs across Ohio.

Updated on Oct. 27, 2026 in Jobs — General

Isometric editorial illustration of a modern industrial steel structure, representing economic development and corporate expansion in Ohio. — The Ohio Tax Credit Authority has authorized incentives for 10 development projects, expected to create over 1,300 jobs and $2.2 billion in investment. AI Illustration. Upload story photo >

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The Ohio Tax Credit Authority has approved tax credits for 10 new economic development projects throughout the state. These initiatives are expected to generate 1,359 jobs, retain 1,824 positions, and inject more than $2.2 billion into the state economy.

Why it matters

The incentives are designed to support major corporate expansions that drive significant capital investment and new payroll growth. These projects play a key role in bolstering infrastructure demand and extending service capabilities for major regional employers.

The 10 approved projects are projected to generate over $142 million in new annual payroll statewide. This investment effort includes a 30-year tax credit for Bayer U.S. LLC, which expects to create 606 new positions by the end of 2034.

The players

Ohio Tax Credit Authority

This state entity is responsible for reviewing and approving economic development tax incentives proposed by JobsOhio and its regional partners.

Forgent Power Solutions

This company provides power infrastructure services and is expanding its corporate office footprint to meet growing market demand.

Certus Medical LLC

This medical services firm is establishing a new location in Westerville to better serve its customers across the Midwest and East Coast.

Bayer U.S. LLC

This life sciences corporation is undertaking a significant expansion project in New Albany with state-supported tax incentives.

The details

Forgent Power Solutions will lead an office expansion in the Columbus Arena District, occupying 90,000 square feet under a 10-year lease with a $3 million build-out investment. Meanwhile, Certus Medical LLC is set to open a new facility in Westerville to expand its service capacity for clientele throughout the Midwest and East Coast.

The Ohio Tax Credit Authority finalized project approvals on October 26, 2026.
Certus Medical LLC targets the creation of 45 full-time positions by December 31, 2031.
Bayer U.S. LLC expects to complete the creation of 606 new positions by the end of 2034.

Market Landscape

These tax incentives align with the broader economic strategy managed by the JobsOhio economic development model to attract and retain corporate headquarters. By leveraging competitive tax credits, the state positions itself to capture large-scale capital investments against rival Midwestern business hubs.

The influx of 1,359 new jobs and over $142 million in payroll represents a significant boost to regional employment opportunities for residents in Columbus, Westerville, and New Albany. These corporate investments signal long-term economic stability and potential expansion of services available to local communities.

The takeaway

These state-backed incentives demonstrate how targeted tax credits serve as a primary tool for securing multi-billion dollar infrastructure and medical investments. Residents should anticipate increased local recruitment efforts from these expanding firms as they work toward their 2031 and 2034 hiring targets.