The Ohio Job Creation Tax Credit Authority today approved tax credits for a potential economic development project in downtown Youngstown that would create 300 jobs and an investment of nearly $7 million.
The tax credit authority, meeting in Columbus, OKd a 60-per-cent, eight-year credit with a total value of $947,000 for Network Solutions Provider, one of the fastest growing technology integrators in the U.S.
NSP would also receive assistance from the Mahoning County One Stop for workforce services and job training, said Sarah Boyarko, the Regional Chambers vice president for Economic Development, North America. She added that the company is talking with Youngstowns economic development office about additional assistance to support its pending investment,
NSP, which provides tier 1 technical support for cloud and business mobility and tier 3 and 4 B-B technical engineering support, is considering locating a new operation in downtown Youngstown, creating 300 jobs and with an investment of $6.8 million. Annual payroll would be about $12 million.
NSP has been contemplating an investment in the Mahoning Valley for a number of years. We hope that todays award from the TCA will encourage them to pick downtown Youngstown as their next location to create jobs, Boyarko said.