PatentHEALTH, Inc., to be located in Massillon (Stark County), has been awarded a 60 percent tax credit for an eight-year term to expand its existing facility. The value of the tax credit is estimated at $2,137,855 over the term, and the company would be required to maintain operations at the project site for 16 years.

Rodney L. Napier and a handful of associates founded PatentHEALTH in 2000. The primary businesses of PatentHEALTH, and its affiliate, Universal Syndications, are branded repeat sale products such as PatentLEAN, FLUIDJoint, and other health-related products as well as numismatic and commemorative collectibles.

The company proposes to purchase a 90,000 square-foot building, machinery, and equipment, and on-site infrastructure to sustain the company's growth plans. The facility will be used to operate additional PatentHEALTH and Universal Syndications' operations, providing warehousing and distribution services for PatentHEALTH customers nationally.

Ohio is in competition with Florida, Georgia, North Carolina, and South Carolina for this more than $5.6 million project, which is expected to create 500 jobs 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.

The Ohio Tax Credit Authority is a five-member independent board consisting of taxation and economic development professionals from throughout the state that is responsible for reviewing and approving applications for state tax credit assistance. The Authority also has oversight responsibilities that include monitoring and reporting the progress of approved tax credit projects.

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