Payless ShoeSource Distribution, Inc. has been awarded a 45 percent Job Creation tax credit for an eight-year term to establish a new distribution center in Brookville, Ohio. The value of the tax credit is estimated at $1,034,461 over the term, and the company would be required to maintain operations at the project site for 16 years.

Payless ShoeSource, Inc. is a publicly held company and its wholly-owned subsidiaries include Payless ShoeSource Distribution, Inc., the entity that is primarily responsible for distribution for the retailer. Payless ShoeSource, Inc. was founded in Topeka, Kan., in 1956 and is the largest footwear specialty retailer in the Western Hemisphere. The company has 4,572 retail stores and more than 27,000 global associates.

Payless proposes to invest in machinery and equipment and lease a new 600,000 square foot facility to be constructed by Clayco Construction, Payless' consultant and construction partner for this project. The facility that will serve as the company's distribution center for approximately 2,900 retail stores.

This more than $25 million project is expected to create 300 positions within the first three years of the project's initial operations.

The Job Creation Tax Credit is a refundable tax credit against the business corporate franchise or income tax. The credit equals a percentage of new state income tax withheld on new, full-time employees in Ohio.

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