CareSource expects to create 167 full-time-equivalent positions, generating more than $12.5 million in new annual payroll as a result of the company’s expansion in Dayton, according to the Ohio Department of Development.
The proposed project involves expanding the company’s existing headquarters to support back-office needs and accommodate growth from new markets, the state said.
The Tax Credit Authority approved a 1.711%, 10-year Job Creation Tax Credit for the program.
What that means: For a decade, CareSource can claim a 1.711 % credit on new Ohio payroll related to the project location.
A spokesman for CareSource released a statement Monday evening saying CareSource is hiring more than 150 positions in Ohio.
“These roles are essential for implementing programs and supporting individuals with complex health needs throughout the state,” the statement said. “The new positions will focus on care management and administrative support, many of which require specialized skills to effectively meet the needs of our members.”
While the tax credit has been approved, there are “still steps to finalize the agreement,” the statement also says.
According to project notes from the Ohio Department of Development, the state was competing with Georgia, Mississippi and Nevada for the project.
The state requires CareSource to maintain operations at the project location for at least 13 years.
In all, CareSource expects to create 167 full-time equivalent employees, generating $12.5 million in new annual payroll and retaining $174 million in existing payroll.
In Springboro, Riverain expects to create 48 full-time-equivalent positions, generating $9.6 million in new annual payroll as a result of the company’s expansion there, according to the state.
The project involves expanding the company by adding research and development engineers to speed CT scanning product development and help detect early lung cancer cases. The Tax Credit Authority approved a 1.978%, eight-year Job Creation Tax Credit for the project.
Ohio was competing with California for the project, state notes say.
In Union, Supply Technologies LLC, expects to create 57 full-time-equivalent positions, generating $3 million in new annual payroll as a result of the company’s consolidation in that community, the state said.
The project involves consolidating five U.S. facilities into a single central kitting and cross-docking facility to serve the North American market, the state said. The authority approved a 1.206%, seven-year Job Creation Tax Credit for the project.
“The investments we are making in this facility include robotic automation, more advanced warehouse systems, and best-in-class equipment in our quality and engineering lab,” said Brian Norris, president of Supply Technologies. “At the end of the day, our team members help customers hold their operations, products and supply chains together, and that’s what we want to be known for.”
The state board reviews applications for tax credit assistance.
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