State of Ohio Announces Awards for Local Companies

The Ohio Department of Development, through a variety of programs, provides support to innovative companies whose efforts are generating jobs and creating the state’s high-tech future.  A number of these awards were recently announced for Central Ohio ventures including:  

Touch Bionics, Inc., a Scottish developer of award-winning bionic and prosthetic medical devices, has been awarded a 45 percent job creation tax credit for a six-year term at a location to be determined in Central Ohio. The value of the tax credit is estimated at $101,423 over the term and the company would be required to maintain operations at the project site for 12 years. This $370,000 project is expected to create 20 new positions in the region.

People To My Site, LLC has been awarded a 45 percent job creation tax credit for a six-year term as a result of the company’s Gahanna expansion. The value of the tax credit is estimated at $168,776 over the term, and the company would be required to maintain operations at the project site for 12 years. People To My Site, founded in 2001, is a full service integrated Internet marketing and consulting company. The project involves leasehold improvements and the acquisition of machinery and equipment. This $275,000 project is expected to create 30 positions and retain 45 jobs.

Clear Saleing, Inc., located in the City of Columbus, has been awarded a $502,500 Innovation Ohio Loan Fund at a rate of 1 percent for the first year, then 6 percent for the remainder of the six-year term. The loan is for software development costs.  Clear Saleing is a software company that provides monitoring applications to companies engaged in online advertising. This $670,000 project is expected to create 60 jobs and retain 14 positions. 

For more information, see the ODOD releases:  

http://development.ohio.gov/newsroom/releases/press.htm?id=3073

http://development.ohio.gov/newsroom/releases/press.htm?id=3071