State offers tax credits to trucking
bizjournal-continuesThe state has approved tax credits valued at nearly $175,000 to a transportation company and an Internet firm in hopes that they'll choose Columbus for new facilities.
The Ohio Tax Credit Authority approved tax credits for several businesses considering Ohio for new facilites or expansion, two of which would be in Columbus. The tax credits for those businesses are valued at $173,663 and could create as many as 55 jobs while retaining four positions.
Phoenix-based Knight Transportation Inc. received approval for a five-year, 30 percent tax credit valued at $31,026 to establish a new terminal. The transportation company earlier in 2007 opened two service centers in Columbus for its dry van and brokerage divisions. Knight is looking to build a 50,000-square-foot, $135,000 terminal that will feature space for dispatchers, sales and safety personnel and recruiters. The project, also being scouted in Virginia, could create as many as 25 jobs and retain four positions in the first three years of operations.