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Rep. Boose Applauds Job Creation Tax Credit for Venture Packaging

March 4, 2014
Republican Newsroom

State Representative Terry Boose (R-Norwalk) today applauded the Ohio Tax Credit Authority for approving a job creation tax credit for Venture Packaging in Monroeville.

The tax credit is projected to create 45 full-time positions, generate $1.1 million in additional annual payroll, and retain $12.8 million in existing payroll as a result of Venture Packaging’s expansion. The plastic packaging manufacturer received a 40-percent, six-year credit worth $54,537.

“I look forward to Venture Packaging expanding its operations and bringing these additional jobs to Huron County,” said Boose. “Through continued cooperation between state and local officials, this agreement was made possible.”

The Ohio Tax Credit Authority approved 10 projects across the state that will create or retain more than 1,000 jobs and result in $8.7 million in investments. The credits are worth an estimated total of $1.1 million.