Ohio Approved Tax Credits for Five Expansion Projects
The state incentives support manufacturing growth and job retention for businesses like Growscape.
Updated on Sept. 28, 2026 in Jobs — General
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The Ohio Tax Credit Authority approved tax incentives for five business expansion projects this week, including a new initiative for the horticulture firm The HC Companies, also known as Growscape. The move marks a strategic effort to support private-sector payroll growth and job retention across the state.
Why it matters
The incentives are designed to offset costs associated with scaling operations and retaining existing staff following mergers or market shifts. For operators, the state's payroll-based credit model serves as a key fiscal tool for subsidizing expansion efforts that secure local employment levels.
Growscape secured a seven-year tax credit equal to 1.254% of its new payroll. The project aims to add 90 full-time roles and $4.4 million in annual payroll by the end of 2029 while preserving 386 existing jobs.
The players
Ohio Tax Credit Authority
A state agency that evaluates and grants tax incentives to businesses based on economic development goals and payroll creation.
The HC Companies
A horticulture products manufacturer, also known as Growscape, which maintains corporate headquarters in Twinsburg and Shelton.
JobsOhio
A private, non-profit corporation that serves as the state of Ohio's primary economic development organization.
The details
The Ohio Tax Credit Authority grants incentives based on economic development proposals reviewed alongside JobsOhio and regional partners. Growscape, which operates headquarters in Twinsburg and Shelton, is utilizing this support to manage the infrastructure costs of its 750,000-square-foot warehouse and its Middlefield production site. The firm transitioned to around-the-clock production in August 2026 to capitalize on recent market growth.
Timeline
A 750,000-square-foot warehouse opened in October 2025.
Middlefield operation began around-the-clock production in August 2026.
The state authority approved the tax credits on September 28, 2026.
Growscape targets the end of 2029 for meeting its new job and payroll goals.
Market Landscape
The approval of these credits follows the established guidelines of the Ohio Tax Credit Authority's job creation tax credit program. The policy continues to prioritize businesses that demonstrate both significant new hiring and the retention of existing regional payroll commitments.
Operators planning capital-intensive expansions should review state payroll-based credit eligibility before finalizing site improvements. Companies should monitor their headcount metrics against authority-mandated targets to ensure compliance with long-term credit agreements.
The takeaway
Tax incentives are a critical component of capital project ROI, but they require strict adherence to multi-year job creation targets. Operators should track the payroll-to-job ratio specified in their state agreements to maintain eligibility for ongoing tax offsets.
Further reading
For more on state-level economic development trends, visit Jobs — General.
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