Wellston’s General Mills Benefits From Ohio Tax Credit Funds

Article Presented By Horizon Connects

(Columbus)—The Ohio Tax Credit Authority has announced the approval of assistance for 10 projects set to create 767 new jobs and retain 2,032 jobs statewide. Among them is approval expansion at General Mills in Wellston, Ohio.

During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $68 million in new payroll and spur more than $318.4 million in investments across Ohio.

Projects approved by the TCA include:
General Mills Operations LLC, city of Wellston (Jackson County), expects to create 30 full-time positions, generating $1.5 million in new annual payroll and retaining $49.3 million in existing payroll, as a result of the company’s expansion project in Wellston. General Mills has 52 locations worldwide, including 16 locations in the U.S. The Wellston plant is the sole source of pizza rolls and Totino’s pizzas. The pizza and snack divisions are driving company’s growth. The TCA approved a 1.097%, six-year Job Creation Tax Credit for this project.