AAA Cooper Transportation plans to create 210 full-time equivalent jobs in Ohio through the use of a tax credit to help expand its coverage area.
“The proposed project will result in a new location to expand the company’s transportation and logistics operations as part of a strategic initiative to grow its national network of service centers/fleet maintenance shops,” according to a project summary obtained by Trucking Dive.
The LTL carrier received a 1.668 percent Job Creation Tax Credit in March from the Ohio Tax Credit Authority and plans to create $14.7 million in new annual payroll for a project in Columbus, Richfield and Toledo.
The tax credit works as a refundable expense as a percent of payroll created and applies toward a company's commercial activity tax liability, the economic development organization JobsOhio notes. The tax credit is an exemption that lasts for nine years and requires annual reporting every March 1 through 2037.
As part of the transition, AAA Cooper will take over space from Estes, which is relocating to a former Yellow Corp. site, the Akron Beacon Journal reported.
