Ohio gives Parker Hannifin tax credit for jobs

01/27/2010 | News-Herald (Lake County-Willoughby, Ohio), The

Parker Hannifin received a tax credit from the Ohio Tax Credit Authority for job creation. The company was awarded a 50% tax credit for a seven-year term for its $8.5 million project that will move the Mentor, Ohio, division headquarters to another building nearby, creating 25 jobs and retaining 123 in an $8.5 million project. The value of the tax credit is estimated at $236,250 over the term, and the company must maintain operations at the project site for 10 years.

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News-Herald (Lake County-Willoughby, Ohio), The

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