Cincinnati’s Medpace wants to add 650 jobs
State job tax credits are heading to Cincinnati’s Medpace, which plans to add 650 jobs and invest $7M in its operation. The job creation plan is part of an incentive package the Ohio Tax Credit Authority approved.
The incentives will help the company retain 1,156 jobs. Medpace is in the midst of a five-year growth plan and obtained a 15-year tax credit for its plans to create jobs with an average annual salary of about $55,000. The agreement requires the company to uphold operations at the project location for a minimum of 18 years. Ohio is competing with Texas to retain Medpace for the proposed investment and talent attraction is a concern for the company.
