Ohio is offering Honda incentives totaling $156.3 million for its plans to invest $4.2 billion in a new battery plan and to retool three factories.
The state said Wednesday that it will offer tax incentives and infrastructure improvements totaling an estimated $156.3 million to Honda as part of the automaker's plan toin a new battery plant to supply electric vehicles and to retool three of its Ohio factories.
that will make batteries for electric vehicles. It will be part of a joint venture with South Korean battery maker LG Energy Solution that will employ 2,200 workers. JobsOhio, the state's economic development arm, said it too will provide assistance for the Honda project as it does for other projects that create jobs around the state. That information will be made public once final details with Honda are worked out.
Of the $85 million for infrastructure improvements, $75 million will be for water and utility improvements and the rest will be to improve local and state roads, the state said.
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