MONROE, Ohio - Bed Bath and Beyond is looking to create 900 jobs with a new distribution facility in Monroe.
The Ohio Tax Credit Authority approved tax breaks worth up to $3.7 million to encourage the $39.7 million project Monday morning.
State officials said the retailer will create $26.6 million in new annual payroll, which means the 900 jobs will pay roughly $30,000 a year on average.
The state awarded a 10-year job creation tax credit that reduces state income tax by 1.467 percent. Bed Bath and Beyond agreed to maintain operations in Monroe for at least 13 years.
Monroe city officials approved a 50 percent property tax abatement for the project in mid-July. The abatement will benefit the real estate logistics firm ProLogis, which is building the Salzman Road facility to house Bed Bath and Beyond as a tenant.