Thursday, October 25, 2012
Port of Cleveland CEO William Friedman said updating the port's infrastructure is key to the economic vitality of Northeast Ohio.
Keeping the Cleveland's port infrastructure in good condition is key to the economic vitality of Cuyahoga County and Northeast Ohio, said Port CEO William Friedman. That's why Friedman wants county voters to approve Issue 108, a .67 mill tax levy to help the port improve the maritime infrastructure along Lake Erie and the Cuyahoga River. The levy, which includes renewal of previously passed levy money and a new tax increase, would bring in about $90 million over five years. The cost of the levy on property owners would be about $20 per year for every $100,000 in home value. The taxes would be first collected in 2014. Friedman said that nearly 18,000 jobs and $1 billion in payroll depend on the waterways and that the region can't afford to …
Tuesday, June 19, 2012
Owners of a building at 30455 Solon Road will receive a $70,000 grant to improve an old building and bring jobs to Solon.
Owners of a building at 30455 Solon Road will receive a $70,000 grant from the city to rehab an old building in an effort to revive an aging building and bring jobs to Solon. Solon City Council approved the Growth and Revitalization Icentive Program grant on Monday. The money will help 30455 Solon Road LLC update the building, a project estimated to cost nearly $2.1 million. The company is based in Streetsboro and it's president is Jeff Martin. The building is currently vacant and had been vandalized. The goal is to provide office space for a new business tenant in the city. Improvements to the building include creation of new office space and renovation of existing office space, a roof replacement, replacement of doors and windows, …
Tuesday, May 29, 2012
In the new Get Global program, the city will use a business consulting firm to provide leads and relocation assistance for businesses looking to move to Solon.
Solon City Council wants to get global to attract new businesses and jobs to the city. City officials recently created the Get Global Program to recruit international and out-of-state businesses to Solon. The program targets businesses who are interested in locating in Northeast Ohio. The city will tap the experience and resources of SGI Global Business Advisors LLC, whose two prinicipals live in Solon. The company will provide the city with leads on businesses interested in opening a location in the area and also relocation assistance. SGI will be paid $500 for each qualified lead, and another $500 if the business actually locates in Solon. The city would also pay $500 per prospective business for SGI to provide relocation assistance to …
Friday, April 13, 2012
Taylor lists the signs she sees of economic growth in Ohio
Ohio Lt. Gov. Mary Taylor met with business owners from the Mentor Area Chamber of Commerce for a Q & A Thursday afternoon at Brunner Sanden Deitrick Funeral Home. While there, Taylor listed some of the signs she saw of Ohio's economic growth. She cited a decreasing unemployment rate, as well as Ohio's status as the top job creator in the country during February and fourth overall this year. She also mentioned that Ohio reclaimed Site Magazine's "Governor's Cup" for having the most new and expanded projects of any state.
Thursday, September 15, 2011
Solon Mayor Susan Drucker said she plans to review the letter from Cuyahoga County with her economic development staff, but said she hasn't seen signs of business poaching in the area
Cuyahoga County Executive Ed Fitzgerald wants suburban mayors to sign a deal by the end of the month to stop cities from poaching businesses from each other, according to The Plain Dealer. Solon Mayor Susan Drucker said she has received the letter, but wants to review it with Economic Development Manager Peggy Weil-Dorfman before making a decision. The policy has been discussed by county and suburban officials for a few months. The newspaper reports that the guidelines say trigger notifications and discussions between cities when a company approaches a suburb about moving. Cities are still free to market themselves, but can't pursue specific companies. The Cuyahoga County suburbs that sign on could be eligible to receive cash from a $100 …
Thursday, May 19, 2011
By collaborating with one another, both communities can help sustain their economies
In times of economic hardship, more communities are looking beyond their borders to form partnerships that can benefit each other and offer new, innovative ideas. Twinsburg and Solon were recently recognized for their collaborative efforts to retain businesses and develop good economic relationships. The cities, as a team, are finalists in the award for New Economic Development Practice for the 2011 Team NEO Economic Development Plus Awards by Team NEO Cleveland and Inside Business magazine. Larry Finch, the director of community planning and development for Twinsburg and Peggy Weil Dorfman, Solon's economic development manager, put their heads together to come up with an agreement that would be mutually beneficial. “It made sense for …
Wednesday, May 18, 2011
As a team, both cities are among three nominees for an economic development award in Northeast Ohio
A collaborative agreement between Twinsburg and Solon has earned the two cities a spot as finalists in a regional economic development competition. The cities, as a team, are finalists in the award for New Economic Development Practice for the 2011 Team NEO Economic Development Plus Awards by Team NEO Cleveland and Inside Business magazine. Director of Community Planning and Development Larry Finch said Twinsburg and Solon are being recognized for an economic agreement both cities made in May 2010. The agreement limits the incentives either city could offer a business to move from one to the other. By capping the income tax incentives at 50 percent, the agreement encourages businesses to stay where they are and prevents the two …