Jobs

Tax Credits Aid Region's Job Creation

Mar 27, 2013

Nearly 500 jobs are coming to southwest Ohio. The Ohio Tax Credit Authority approved assistance for projects in the region and As Emily McCord reports, Clinton County is seeing a large share of the funding. 

Three of the companies awarded the tax credits will be in the city of Wilmington. DealerTrack Incorporated expects to create over 200 jobs generating 6 million dollars in payroll. The company specializes in administration support for vehicle titles and contract scanning. Two other companies in the city will bring an additional 65 jobs to the area.

Ohio Secretary of State Jon Husted paid a visit to Clark County on Thursday.

The latest monthly jobs data shows that Ohio's unemployment rate rose slightly in January.

The Ohio Department of Jobs and Family Services said Friday that the state's seasonably adjusted unemployment rate for January was 7 percent - up from 6.7 in December.

The slip reversed a trend of incremental progress in lowering the rate over a number of months. The state has said Ohio's economy and its job market are getting stronger, but the process is slow.

Ohio's unemployment rate has remained about a percentage point below the U.S. rate.
 
 

Ohio is getting some national recognition for business development and job creation.

The Buckeye State ranked second in the country behind Texas last year for attracting new companies and business expansion. That's according to the annual list compiled by the business trade magazine Site Selection.

The Columbus Dispatch reports that several Ohio cities were recognized, too.

Columbus finished 10th among metropolitan areas with a population of at least 1 million people, and Cincinnati finished eighth.

Fewer Ohioans are going into business for themselves these days, with the number of self-employed in the state at its lowest level since 2001.

The Dayton Daily News reports that Ohio's level of self-employment is one of the lowest in the nation.

The newspaper says it's declined partly because traditional self-employment industries such as construction and real estate were devastated by the recession and have been slow to come back.

Also, some economists say the state's economy and job growth is concentrated in fields that are not ideal for self-employment.

There’s good news on the job front in Ohio. Eleven companies plan to invest 51 million dollars throughout the buckeye state.

State officials are looking optimistically at the number of new entities that filed to do business in Ohio in 2012.  It's the third year in a row the number of new business filings increased over the previous year. 

More than 88 thousand 'new business filings' came in last year, compared to 2011, in which just over 82,601 new entities filed with the Secretary of State, Jon Husted.

Allstate says it's planning to add 136 new jobs in Ohio.

The insurance company said Wednesday that it plans to appoint 12 new insurance-agency owners in Columbus and hire 36 licensed sales representatives for new and existing agencies in the region.

The Columbus Dispatch reports that remaining jobs will be throughout Ohio, including Cincinnati, Cleveland, Dayton and Akron.

State figures show Allstate was No. 3 in total auto-insurance premiums in Ohio 2011 and No. 2 in homeowners' insurance premiums.

Ohio's unemployment rate is continuing to inch downward.

The Ohio Department of Jobs and Family Services said Friday that the state's seasonally adjusted unemployment rate for November was 6.8 percent. That's down from 6.9 percent in October and 7.1 percent in September.

It's the lowest since an identical 6.8-percent rate in August 2008.

The state has said Ohio's economy and its job market are getting stronger, though the process is slow.

Ohio's unemployment rate has remained about a full percentage point below the U.S. rate.
 

The oil and gas boom has brought in lots of activity to eastern Ohio, and perhaps lots of out of state workers. Statehouse correspondent Karen Kasler reports says that’s a problem for the governor.

Gov. John Kasich has joked several times about the people he wants to see working with the oil and gas industry in Ohio, including in his State of the State speech in February.

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