Company Bringing 230 Jobs to Solon

MRI Software Inc. plans to move to Solon and bring more than 230 jobs with it.

The company, which will lease a building on Fountain Parkway, will be moving from Highland Hills. The city council recently approved a Job Creation Grant with the company, in which grants will be paid best on the company's performance on job creation and other benchmarks.

According to the agreement, the company plans to bring 230 jobs with it when it opens for business in Solon in May 2012. MRI is expected, per the agreement, to add more jobs over the next several years, reaching 295 by 2016.

The company will invest $900,000 and reach an annual payroll of more than $21 million.

Councilman and Vice Mayor Ed Kraus said the move shows that Solon remains a regional leader on economic development.

"We continue to lead the way in Northeast Ohio," he said. "It’s just a testament to all the work and effort we have put into economic development."

MRI Software is a provider of software for real estate and investment management to clients around the world. The business is located on five continents and in 41 countries, according to the company website.