ELYRIA TOWNSHIP, Ohio — Online car retailer Carvana will make Elyria Township home to one of its facilities, bringing around 400 full-time jobs to Lorain County, according to a release from Ohio Gov. Mike DeWine’s office.
Carvana, which is slated to invest $23 million, is one of five projects approved by the Ohio Tax Credit Authority (TCA) that will generate $13.3 million in new annual payroll and retain $8.4 million in existing payroll as a result of its future home in Elyria Township.
“With our steadily growing economy, and dedicated business community, Lorain County is the perfect home for Carvana. I look forward to the opportunities this new development will bring," said State Rep. Gayle Manning (R-North Ridgeville) in a statement.
The future Carvana facility will be on a former apple orchard that is logistically positioned to serve portions of Eastern, Midwestern and Upper Great Lake markets, according to Manning.
Founded in 2012, Carvana offers a different way for consumers to purchase a vehicle by offering an online car buying and financial platform.
TCA approved 1.368%, 8-year Job Creation Tax Credit for the project.
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