CINCINNATI (AP) — Officials in Cincinnati are buzzing about a state denial of tax credits to a “romantic enhancements” business planning to move its headquarters downtown.
Pure Romance has more than $100 million a year in revenues, selling sex toys, lotions, and beauty products. 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 Ohio 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 Cincinnati Enquirer reports (http://cin.ci/15YPMzm ) that the director of the Ohio Development Services Agency says he denied the credits after review, saying it’s not the kind of targeted industries the state invests in.