CINCINNATI -- Two companies in southwest Ohio plan to create more than 300 jobs and a combined $23.4 million in new payroll under tax credit agreements with the state of Ohio.
They're part of 10 deals statewide that are expected to create 3,437 new jobs and retain 2,203 jobs, resulting in more than $207 million in new payroll.
In Clermont County, Design Within Reach expects to create 63 full-time positions, generating $2.4 million in new annual payroll and retaining $587,985 in existing payroll as a result of the company’s new project in Williamsburg Township. The company sells modern home furnishings, outdoor furniture, fixtures, lighting, rugs and other home accessories.
Ohio's Tax Credit Authority approved a 1.193 percent, six-year Job Creation Tax Credit for the project.
In Warren County, L3 Cincinnati Electronics Corporation expects to create 245 full-time positions, generating $21 million in new annual payroll and retaining $62.4 million in existing payroll as a result of the company’s expansion project in Mason. The company designs, develops and manufactures electronics equipment.
The Tax Credit Authority approved a 1.906 percent, nine-year Job Creation Tax Credit for L3.
Among the deals announced Monday are two elsewhere in Ohio that will add at least 1,000 jobs each: First Solar expects create 1,000 full-time positions in Wood County, and CoverMyMeds expects to create 1,032 full-time positions in Franklin County. Their combined new annual payroll is projected at $135.3 million.