The city of Solon plans to give a $70,000 grant to a company to help rehab a vacant building in the city's industrial district.
City Council approved the growth and revitalization incentive grant Monday. The one-time grant will allow CO-AX Technologies, a Solon business, to consolidate and grow at the building at 6225 Camp Industrial Road.
CO-AX, which will accept the grant with a limited liability company called CTI Solon Properties LLC, plans to spent about $4.3 million to repair the building to suit its purposes.
CO-AX Technologies is located on Ambina Drive in Solon and has numerous locations throughout the city. This 124,000-square-foot facility will allow them to locate all of their operations under one roof.
Work on the building is expected to begin in May and take about a year.