Texas oil field jobs provider gains Ohio Job Creation Tax Credit

Oil Rig Jobs -The Ohio Tax Credit Authority has awarded a 65-percent, seven-year Job Creation Tax Credit to Houston-based Baker Hughes, an oil field jobs provider, to build a $64 million facility in Massillon and create 700 full-time jobs.

The tax credit is believed to be the first incentive toward helping the company builds on a 108-acre site in the Northeast Ohio Commerce Park on Millennium Boulevard in Massillon. The company is projecting an investment of $564 million in the state. Talks with state, county and local leaders continue, however, and a deal has not yet been finalized.Securing oil rig jobs is also possible without experiences.

An Ohio Department of Development letter dated Feb. 8 shows that Baker Hughes plans to build a $40 million facility with $14.5 million worth of machinery. The letter to the city of Massillon also says that another $9.5 million will be invested in land development. Another $500 million of other investments are expected to be made in the state.

Initial projections show that 900 jobs would be created within three years, with an average hourly wage of $31.25.

The credit authority approved 18 statewide projects that will create more than 1,600 jobs. Baker Hughes’ project will by far create the most oil field jobs out of those approved Monday.

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