Pro­gres­sive to ex­pand, cre­ate 900 jobs

The News Herald (Willoughby, OH) - - Front Page - By Chad Fel­ton cfel­ton@news-her­ald.com @be­lievethatcfnh on Twit­ter

One of the na­tion’s largest auto in­sur­ers, which is head­quar­tered in North­east Ohio, will soon grow even larger.

One of the na­tion’s largest auto in­sur­ers, which is head­quar­tered in North­east Ohio, will soon grow even larger, thanks to a statewide in­vest­ment in new pay­roll.

The Ohio Tax Credit Au­thor­ity on Oct. 30 ap­proved a 2.35 per­cent, 12-year job cre­ation tax credit for Pro­gres­sive Corp.’s ex­pan­sion project in High­land Heights.

The project ex­pects to cre­ate 900 full-time po­si­tions, gen­er­at­ing $63 mil­lion in new an­nual pay­roll and re­tain­ing $819.1 mil­lion in ex­ist­ing pay­roll as a re­sult of the growth.

The com­pany, based at 6300 Wil­son Mills Road in May­field Vil­lage, em­ploys nearly 27,000 peo­ple and about 9,000 lo­cally.

Ac­cord­ing to the state, Gov. John R. Ka­sich an­nounced the ap­proval of as­sis­tance for 10 statewide projects. Al­to­gether, the projects are ex­pected to re­sult in more than $131 mil­lion in new pay­roll, stim­u­lat­ing more than $122 mil­lion in in­vest­ments across Ohio.

Pro­gres­sive pro­vides in­sur­ance for per­sonal and com­mer­cial au­to­mo­biles, trucks, mo­tor­cy­cles, boats, recre­ational ve­hi­cles and homes.

The com­pany has not yet dis­closed in­for­ma­tion re­gard­ing the project’s time frame.

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