(4-26-22) Ohio Governor Mike DeWine and Lt. Governor Jon Husted Monday announced the approval of assistance for five projects set to create 733 new jobs and retain 1,344 jobs statewide.

During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $58 million in new payroll and spur more than $563 million in investments across Ohio.

Projects approved by the TCA include:

Loc Performance Products LLC, city of St. Marys (Auglaize County), expects to create 250 full-time positions, generating $13 million in new annual payroll and retaining $21.6 million in existing payroll as a result of the company’s acquisition project in St. Marys. Loc Performance Products provides mobility systems, vehicle hulls, armored cabs and armor kits for military and industrial applications. The TCA approved a 1.715-percent, nine-year Job Creation Tax Credit for this project.

The Procter & Gamble Manufacturing Company (P&G), Bath Township (Allen County), expects to create 135 full-time positions, generating $10 million in new annual payroll and retaining $52.1 million in existing payroll as a result of the company’s expansion project in Bath Township. P&G is a consumer goods company specializing in a wide range of personal care and hygiene products. The TCA approved a 1.805-percent, nine-year Job Creation Tax Credit for this project.