General World News

Rocket Mortgage receives tax subsidy, will hire in Cleveland

Rocket Mortgage will receive a tax subsidy worth up to $9.6 million to add hundreds of full-time jobs to Cleveland.

The 600-plus new jobs will added over the course of a year. Ohio Lt. Governor Jon Husted on Monday said the Ohio Tax Credit Authority approved an expansion project for tax credit assistance for Rocket Mortgage, whose parent company made over $6.6 billion in profits through the first three quarters of 2020.

Hulsted said Rocket chose Cleveland and its tax incentive package over that of Phoenix and Detroit.

The expansion, through Quicken Loans details ⇒

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