Several Ohio cities put in bids with Amazon for its second headquarters, complete with offers of tax breaks. But Gov. John Kasich maintains, while he鈥檚 hoping high-tech firms are looking at Ohio, the state does not 鈥渂uy deals.鈥� Statehouse correspondent Karen Kasler talked with Kasich about luring technology companies to the state.
Columbus-area data center will create about 100 jobs, with $37 million in state and local tax incentives. Three data centers in Ohio will create 120 jobs with $82 million in state and local tax incentives. Kasich said the state calculates a return on investment before offering incentives to companies.
鈥淚f they do not pay back the investment of the state over a reasonable period of time, ... we don鈥檛 offer them the deal. And we don鈥檛 get in a race with other states to buy deals," Kasich said.
Though he didn鈥檛 elaborate on the return-on-investment formula, he cited the deal offered by Ohio to . Kasich said it was a third of what Wisconsin offered, which was nearly $3 billion in incentives.
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