|By Mark Williams, The Columbus Dispatch, Ohio|
The annual report, issued this week by Attorney General
"It's a good report. We're very pleased," said
In a letter released with the report,
Some of the companies created more jobs than they committed to as part of their economic-development incentive.
He also noted that the agency has become more aggressive about making sure companies are complying with the terms of their economic incentive awards.
"Development improved our annual report verification process to validate company reported data," he said in the letter. "Stronger monitoring identifies issues as they arise, and we can work with companies to ensure success."
DeWine's office reviewed tax credits, grants, loans and worker-training incentives worth
The state has taken action against many of the companies behind the 75 projects that were not in compliance. It demanded the return of some grant money, modified terms on loans and shortened periods in which the companies were able to collect the tax credits. In other instances, the state found the companies were mostly in compliance despite coming up short and ordered no remedial action.
The state asked for and received
In a second project,
The state determined the company was in substantial compliance with the tax credits since it created and retained at least 90 percent of the jobs it promised.
The company was unable to provide information about the projects yesterday.
Other companies that did not meet the terms of their deals with the state include:
The company said the reason why the number of retained jobs fell short was that it sold part of its operations in
(c)2014 The Columbus Dispatch (Columbus, Ohio)
Visit The Columbus Dispatch (Columbus, Ohio) at www.dispatch.com
Distributed by Tribune Content Agency, LLC
|Source:||Tribune Content Agency|