WILBERFORCE, OHIO – Today, Congressman Mike Turner (OH-10) announced that Central State University (CSU) will be receiving over $11.2 million from the Internal Revenue Service (IRS) in Employee Retention Credit (ERC) funds. As a result of Congressman Turner’s advocacy with the IRS, CSU will receive three installments of ERC refund checks from the IRS – $3,347,610.90 for the first quarter of 2021, $3,954,128.73 for the second quarter of 2021, and $3,966,382.39 for the third quarter of 2021. CSU is one of two historically black colleges and universities located in the State of Ohio, along with Wilberforce University.
“Supporting institutions like Central State University is critical to unlocking the full potential of the Dayton region, and I am pleased to have been able to help CSU secure this monumental tax refund from the IRS,” said Congressman Mike Turner. “As Vice Chair of the HBCU Caucus in the House of Representatives, I know how vital institutions like CSU are to providing educational opportunities and spurring innovation in our communities. I will continue to advocate for Ohio’s exceptional historically black colleges and universities in Congress so they can continue to create new pathways and open doors for students.”
“I’d like to thank Congressman Mike Turner for his dedication to partnering with HBCUs and helping institutions like ours get the resources we need to make sure our educational programs remain robust,” said Dr. Alex Johnson, Interim President of Central State University. “By working with Congressman Turner to process our Employee Retention Credit claim, we have been able to secure funds that permit us to build upon the great strides we have made in elevating the student experience through improved operations, infrastructure, and innovative programs.”
“Here at Central State University, educational innovation and excellence are central to our mission. We cannot thank Congressman Turner enough for his assistance in securing over $11 million for the university through the Employee Retention Tax Credit,” said Jacqueline Y. Gamblin, Chair of the Board of Trustees, Central State University. “HBCUs are vital to our educational ecosystem, and I look forward to continuing to work with Congressman Turner to further strengthen CSU’s role as a leader among these vaunted institutions.”
Background:
The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – is a refundable tax credit for certain eligible businesses and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic.
The credit is available to eligible employers that paid qualified wages to some or all employees after March 12, 2020, and before January 1, 2022. Eligibility and credit amount vary depending on when the business impacts occurred. The ERC is not available to individuals, and eligible employers must have paid qualified wages to claim the credit.