Ohio Governor Mike DeWine and Ohio Department of Development Director Lydia Mihalik announced the approval of significant state tax incentives

The Ohio Tax Credit Authority Monday approved a 30-year, 2.594% Job Creation Tax Credit for Anduril Industries Inc., which plans to build a 500-acre manufacturing complex in northern Pickaway County that could grow to 5 million square feet over time. The estimated value of the tax credit over its term and if all goals are met is $452.2 million.

The state approved a major tax break Monday for a California defense contractor that plans to build a weapons factory in Pickaway County.

Ohio’s largest single job creation project in state history could receive more than $450 million in tax breaks. The Ohio Tax Credit Authority approved a 2.594%, 30-year job creation tax credit for Anduril Industries,