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JPMorgan Chase in Ohio sees tax credit approval

COLUMBUS, Ohio (AP) -- JPMorgan Chase & Co. is among several companies that have received approval for job creation tax credits in Ohio.

The Ohio Tax Credit Authority on Monday approved assistance for 10 projects expected to create more than 1,100 jobs and retain more than 21,000 positions statewide.

The tax credit body reviewed proposals from the economic development nonprofit, JobsOhio, and its regional partners. Together the projects are expected to result in more than $51 million in new payroll and spur about $72 million in investment across Ohio.

JPMorgan Chase plans to add 500 full-time positions as part of an expansion project in the central Ohio cities of Dublin, Columbus, Westerville and Gahanna.

Valeo Climate Control Corp. expects to create 105 full-time positions as part of the global automotive supplier's project in Hamilton.