State Approves Job Creation Tax Credits for Three Franklin County Expansions
The Ohio Tax Credit Authority approved incentives on Oct. 26 for Bayer in New Albany, Forgent Power in downtown Columbus and Certus Medical in Westerville.
On Oct. 26, 2026, state officials announced the approval of 10 economic development projects across Ohio.
During its monthly meeting, the Ohio Tax Credit Authority reviewed economic development proposals brought to the board by JobsOhio and its regional partners.
In central Ohio, the approved awards back three Franklin County corporate expansions in New Albany, Columbus and Westerville.
Bayer's Megaproject in New Albany
In New Albany, Bayer U.S. LLC and Bayer HealthCare LLC are scheduled to create 606 full-time-equivalent positions and $69,164,950 in new annual payroll by Dec. 31, 2034.
For Bayer's New Albany project, the authority approved a 2.157%, 30-year Job Creation Tax Credit.
Previously, Pique Media reported plans for the project on Oct. 2, 2026.
Bayer also intends to request financial assistance from JobsOhio, which the economic development agency will disclose after executing a final agreement.
Bayer's 30-year tax credit term is unusually long compared to typical state awards.
At the same meeting, the authority approved tax credits with terms of seven to 10 years for other projects across Ohio.
Standard Job Creation Tax Credit agreements span seven to 10 years, while Ohio law reserves 30-year terms for qualifying megaprojects that commit at least $1 billion in capital investment.
Forgent Power and Certus Medical Expansions
In downtown Columbus, the authority approved a 10-year, 1.877% credit for Forgent Power LLC to support 85 positions and $12 million in new annual payroll by Dec. 31, 2029.
Forgent Power will invest $3 million to build out new space across 90,000 square feet at 10 W. Nationwide Blvd. in the Arena District under a 10-year lease.
According to local business reports, the Columbus office will serve as a hub for customer support, project management and corporate strategy.
In Westerville, the state approved an eight-year, 1.716% tax credit for Certus Medical LLC, which expects to create 45 positions and $7.31 million in new annual payroll by Dec. 31, 2031.
Certus Medical is establishing an Ohio commercial office and surgical training laboratory at 194 Heatherdown Road to train orthopedic surgeons on advanced joint replacement and surgical navigation.
The planned 5,000-square-foot Westerville facility is situated along the city's Medical Mile healthcare and life sciences corridor.
Incentive Mechanics and Credit Valuations
The state did not release an official cumulative dollar estimate for the awards because Job Creation Tax Credits are annual percentage-based credits calculated on verified payroll rather than upfront grants. Based on full achievement of annual payroll commitments over the approved terms, labeled mathematical estimates indicate the credits would equal approximately $44.75 million for Bayer, approximately $2.25 million for Forgent Power, and approximately $1.00 million for Certus Medical.
Under Ohio law, Job Creation Tax Credits are refundable credits against the state's Commercial Activity Tax. Because the credits are tied to newly created payroll, participating companies must verify their payroll figures annually with state officials, subject to statutory clawback provisions and post-closeout compliance rules if job or payroll commitments are not maintained.
How we know this
The sources and records behind this story, with the facts they support.
Supporting evidence (8)
On Oct. 26, 2026, state officials announced the approval of 10 economic development projects across Ohio.
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26 Oct 2026 12:02 p.m. · Source: Ohio Governors Office Ohio Governor Mike DeWine, Lt. Governor Jim Tressel and Ohio Department of Development Director Lydia Mihalik announced the approval of 10 projects that will create 1,359 new jobs, retain 1,824 jobs statewide and result in more than $2.2 billion in investments across Ohio.
During its monthly meeting, the Ohio Tax Credit Authority reviewed economic development proposals brought to the board by JobsOhio and its regional partners.
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During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners.
In central Ohio, the approved awards back three Franklin County corporate expansions in New Albany, Columbus and Westerville.
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In the Central region, Bayer U.S. LLC and Bayer HealthCare LLC expect to create 606 full-time-equivalent positions, generating $69,164,950 in new annual payroll by Dec. 31, 2034, through a project in the city of New Albany (Franklin County). The facility will combine drug substance and drug product manufacturing, leveraging advanced digital and automation technologies, and supporting a portfolio initially in oncology, cardiovascular and renal care. TCA approved a 2.157 percent, 30-year Job Creation Tax Credit. Certus Medical LLC expects to create 45 positions, generating $7,310,000 in new annual payroll by Dec. 31, 2031, in the city of Westerville (Franklin County), with a 1.716 percent, eight-year credit. Forgent Power LLC expects to create 85 positions, generating $12 million in new annual payroll by Dec. 31, 2029, in the city of Columbus (Franklin County), with a 1.877 percent, 10-year credit.
In New Albany, Bayer U.S. LLC and Bayer HealthCare LLC are scheduled to create 606 full-time-equivalent positions and $69,164,950 in new annual payroll by Dec. 31, 2034.
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In the Central region, Bayer U.S. LLC and Bayer HealthCare LLC expect to create 606 full-time-equivalent positions, generating $69,164,950 in new annual payroll by Dec. 31, 2034, through a project in the city of New Albany (Franklin County).
For Bayer's New Albany project, the authority approved a 2.157%, 30-year Job Creation Tax Credit.
Read supporting passage
In the Central region, Bayer U.S. LLC and Bayer HealthCare LLC expect to create 606 full-time-equivalent positions, generating $69,164,950 in new annual payroll by Dec. 31, 2034, through a project in the city of New Albany (Franklin County). The facility will combine drug substance and drug product manufacturing, leveraging advanced digital and automation technologies, and supporting a portfolio initially in oncology, cardiovascular and renal care. TCA approved a 2.157 percent, 30-year Job Creation Tax Credit.
At the same meeting, the authority approved tax credits with terms of seven to 10 years for other projects across Ohio.
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Certus Medical LLC expects to create 45 positions, generating $7,310,000 in new annual payroll by Dec. 31, 2031, in the city of Westerville (Franklin County), with a 1.716 percent, eight-year credit. Forgent Power LLC expects to create 85 positions, generating $12 million in new annual payroll by Dec. 31, 2029, in the city of Columbus (Franklin County), with a 1.877 percent, 10-year credit. In the Northeast, Avtron Power Solutions, LLC expects to create 150 positions, generating $10,946,360 in new annual payroll by Dec. 31, 2029, in the village of Valley View and the city of Seven Hills (Cuyahoga County), with a 1.613 percent, nine-year credit. Spray Products Corporation expects to create 32 positions, generating $2,240,000 in new annual payroll by Dec. 31, 2029, in the city of Medina (Medina County), with a 1.204 percent, seven-year credit.
In downtown Columbus, the authority approved a 10-year, 1.877% credit for Forgent Power LLC to support 85 positions and $12 million in new annual payroll by Dec. 31, 2029.
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Forgent Power LLC expects to create 85 positions, generating $12 million in new annual payroll by Dec. 31, 2029, in the city of Columbus (Franklin County), with a 1.877 percent, 10-year credit.
In Westerville, the state approved an eight-year, 1.716% tax credit for Certus Medical LLC, which expects to create 45 positions and $7.31 million in new annual payroll by Dec. 31, 2031.
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Certus Medical LLC expects to create 45 positions, generating $7,310,000 in new annual payroll by Dec. 31, 2031, in the city of Westerville (Franklin County), with a 1.716 percent, eight-year credit.
Bayer Plans $2.2 Billion Biopharmaceutical Facility in New Albany
Supporting evidence (2)
Previously, Pique Media reported plans for the project on Oct. 2, 2026.
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Bayer Plans $2.2 Billion Biopharmaceutical Facility in New Albany
Bayer also intends to request financial assistance from JobsOhio, which the economic development agency will disclose after executing a final agreement.
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The company also intends to request financial assistance from JobsOhio, which the economic development agency will disclose after executing a final agreement globenewswire-incentives.
https://hoodline.com/2026/10/forgent-power-solutions-picks-arena-district-for-85-job-expansion/
Supporting evidence (2)
Forgent Power will invest $3 million to build out new space across 90,000 square feet at 10 W. Nationwide Blvd. in the Arena District under a 10-year lease.
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Forgent Power Solutions is planting a corporate flag in downtown Columbus, picking the Arena District for an office expansion expected to create 85 jobs and pump $12 million into the local payroll. The electrical equipment maker will invest $3 million to build out new space at 10 W. Nationwide Blvd., signing on for 90,000 square feet under a 10-year lease.
According to local business reports, the Columbus office will serve as a hub for customer support, project management and corporate strategy.
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According to dispatch.com, the Columbus office will serve as a hub for customer support and will handle project management and supply chain needs such as finance, human resources and corporate strategy.
Supporting evidence (3)
Certus Medical is establishing an Ohio commercial office and surgical training laboratory at 194 Heatherdown Road to train orthopedic surgeons on advanced joint replacement and surgical navigation.
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Certus Medical's new office and anatomical training laboratory will sit at 194 Heatherdown Road, bringing together the company's Ohio commercial operations with a space designed to train orthopedic surgeons on advanced joint replacement, surgical navigation and emerging technologies.
The planned 5,000-square-foot Westerville facility is situated along the city's Medical Mile healthcare and life sciences corridor.
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The planned 5,000-square-foot Westerville facility is meant to let surgeons gain hands-on experience with the latest technology while developing highly skilled clinical talent, according to JobsOhio.
The planned 5,000-square-foot Westerville facility is situated along the city's Medical Mile healthcare and life sciences corridor.
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Ray added that the city welcomes Certus Medical to its Medical Mile and its broader healthcare and life sciences ecosystem.