ECONOMIC DEVELOPMENT
Gov. Mike DeWine's administration announced Monday the approval of assistance for three projects expected to create 2,247 new jobs and retain 63 jobs statewide. During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought by JobsOhio and its regional partners. The projects are expected to collectively result in more than $152 million in new payroll and spur more than $482 million in investments across Ohio. Most of the new jobs stem from Joby Aero's previously announced project in Dayton, which will see the construction of a large-scale manufacturing facility capable of delivering up to 500 electric vertical takeoff and landing aircraft per year. Joby Aero expects to create 2,000 full-time positions, generating $140 million in new annual payroll, and previously said it will invest at least $477.5 million in the project. The TCA approved a 2.055%, 30-year Job Creation Tax Credit for this project, with an estimated value of $93 million.
WORKFORCE
The latest application period for the Individual Microcredential Assistance Program (IMAP) opened Nov. 1 and will run through the end of the month, Lt. Gov. Jon Husted announced. This also marks the first time all Ohioans have the opportunity to participate in the program, which was previously limited to those who were low-income, partially unemployed or totally unemployed. IMAP enables participants to receive one or more tech-focused credentials at no cost. The applicatsion period is open for training providers such as two- and four-year colleges and universities, career centers and other private entities. Once funds are awarded, they will be reimbursed up to $3,000 for each credential issued. The period closes at 3 p.m. on Thursday, Nov. 30.
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