Central State University secures over $11 million with Employee Retention Tax Credit

Posted Feb 16 2024
central state university students in the 2023 homecoming parade with a sign saying love my H B C U

In January, Congressman Mike Turner (OH-10) announced that Central State University will receive over $11.2 million from the Internal Revenue Service in Employee Retention Credit (ERC) funds.

As a result of Congressman Turner’s advocacy with the IRS, Central State 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,” Congressman Mike Turner said in a press release. “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.”

alex johnson, interim president at central state university
Dr. Alex Johnson, Interim President, Central State University

Dr. Alex Johnson, Interim President of CSU, thanked 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.

"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 at 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.”

What is the Employee Retention Credit?

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 Jan. 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.