Toledo City Council has approved three municipal job-creation tax credits.
The Toledo Municipal Job Creation Tax Credits are equal to 40 percent of city income taxes generated by new jobs for seven years. Council unanimously approved the measure Tuesday.
The benefiting companies are:
Ilegra Corp., which is relocating from Maumee into Fifth Third Center at One Seagate Center and will create 35 jobs paying $35 an hour.
OmniSource Inc., which is expanding its operation at 5270 N. Detroit Ave. and creating 22 full-time jobs while retaining 148 jobs.
Toledo Molding & Die Inc., which is expanding operations at 1429 Coining Drive and will create 41 full-time jobs and retain 267 jobs.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.