Governor, Development Director Announce Tax Credits to Create and Retain 2,607 Jobs

Governor, Development Director Announce Tax Credits to Create and Retain 2,607 Jobs BlastMaster Holdings USA, LLC has been awarded a 40 percent Job Creation Tax Credit for a six-year term as a result of the company's new location TBD in the Greater Columbus Region. The value of the tax credit is estimated at $103,680 over the term, and the company would be required to maintain operations at the project site for nine years. Blastmaster Holdings is a manufacturer, supplier, and distributor of industrial sandblasting equipment with products primarily used for the maintenance of steel structures including bridges, ships, and oil tanks. This project includes the purchase of a 20,000-square-foot office building to support the North American headquarters for its industrial sandblasting equipment distribution. The $1.9 million project is expected to create 25 jobs.

CoverMyMeds, LLC has been awarded a 55 percent Job Creation Tax Credit for a seven-year term as a result of the company's new location in the City of Columbus (Franklin County). The value of the tax credit is estimated at $546,055 over the term, and the company would be required to maintain operations at the project site for 10 years. CoverMyMeds is a service organization that assists health care professionals with submitting authorization from a single free website, allowing patients access to their prescriptions in a matter of minutes. This project includes the lease and renovation of a 13,900-square-foot facility to house office space to support the company's software development product line. The more than $750,000 project is expected to create 67 jobs and retain nine positions.

Delphi Corporation has been awarded a 45 percent Job Creation Tax Credit for a six-year term as a result of the company's expansion in the City of Vandalia (Montgomery County). The value of the tax credit is estimated at $461,168 over the term, and the company would be required to maintain operations at the project site for nine years. Delphi is a leading global supplier of electronics and technologies for automotive, commercial vehicle, and other market segments, delivering real-world innovations that make products smarter, safer, more powerful, and efficient. This project includes the expansion of an existing facility to house an HVAC module for several vehicle platforms. The more than $7.1 million project is expected to create 100 jobs and retain 155 positions.