Ohio plans to give a 15-year tax credit to a company planning a new manufacturing facility to build parts for electric vehicles.
Schaeffler, owner of two plants in the state, plans a third in Dover that is expected to employ 650 people after a $230 million investment. The tax credits are tied to job creation.
The new jobs are expected to be split between the company’s plant in Wooster and the new Dover plant. The company employs more than 1,600 people.
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