CINCINNATI (AP) — Officials in Cincinnati are buzzing about a state denial of tax credits to a romantic accessories business planning to move its headquarters downtown.
Pure Romance has more than $100 million a year in revenues, selling sex toys, lotions, beauty products and other items. It was ready to move 60 jobs from suburban Loveland with plans to add another 60.
The company and local officials say they were told via local representatives for JobsOhio, the state’s privatized job-creation agency, that the state was willing to provide a tax credit of some $100,000, added to $353,000 in city incentives. But then Pure Romance was informed there would be no state tax credit.
“The city thought all systems were go; the chamber of commerce thought it was a go .... and then the rug was pulled out from under them,” said state Sen. Eric Kearney, D-Cincinnati.
The director of the Ohio Development Services Agency, David Goodman, said he denied the credits for Pure Romance after a review, saying it’s not among industries targeted for state investment such as biotech, logistics and energy, The Cincinnati Enquirer reported.