Monday, November 12, 2012
GLT Companies is buying a Carter Street warehouse to expand its operations in exchange for an income tax break from the city.
A local company is buying a former warehouse in Solon with plans to hire more workers, and city officials are rewarding the expansion. GLT Companies, which already is located in Solon on Cochran Road, plans to spend $2 million to buy a warehouse on Carter Street. In exchange for a income tax break, the company promises to hire 28 new workers, with 20 of the new employees coming on before the end of 2014, according to an agreement with the city. GLT also plans to retain its existing 53-person workforce. All of the new jobs will be filled by the end of 2020. Learn more about GLT Companies at its website.
Tuesday, October 9, 2012
MRI Software moved to Solon this spring year and exceeded its job creation projections.
Late last year, MRI Software announced the company was moving to Solon and bringing about 230 jobs to the city. But there's been good news since then: The company has created 318 jobs, nearly one hundred more than the original forecast, said Solon Mayor Susan Drucker. "They have already demonstrated a spirit of civic involvement that will make them valued members of our corporate community," Drucker said at a recent council meeting. The company moved from Highland Hills and leased a building on Fountain Parkway which used to house Agilysis before that company moved. The city council approved a Job Creation Grant with MRI, in which grants will be paid best on the company's performance on job creation and other benchmarks. According to the …
Friday, April 20, 2012
The company plans to purchase a 60,000 square foot warehouse to house an electronics design and manufacturing operation.
Valtronics Technologies plans to purchase a warehouse in Solon for an electronics design and manufacturing operation, a move that will create 85 new jobs in Solon over the next eight years. The company, which already has 89 workers in Solon, will receive as much as $44,904 annual payment for eight years from Solon for creating those jobs as part of the city's grant program. The grant was approved this week by the Solon City Council. Valtronics hopes to occupy the warehouse, located at 29200 Fountain Parkway, in September and install equipment and machinery by the end of 2014. The company's new investment is estimated at $4.5 million. The company plans to create the new 85 jobs over the next eight years, with new jobs starting this year and…
Thursday, August 18, 2011
Land for the new research and development building on Nestle's Solon campus needs to be rezoned by vote in November before the facility can be built
Nestle officials told the Plain Dealer the new research and development building it's planning to build in Solon will create 40 to 60 jobs. But first the land for the facility, about 18 acres off Cannon Road, must be rezoned from residential to industrial. To accomplish that, Nestle officials are seeking to change the zoning by ballot. The company collected 1,500 signatures and submitted them to the city last week. If enough signatures are certified as authentic registered voters, the rezoning will be voted on Nov. 8. City officials have thrown their support behind the project. Ward 5 Councilwoman Nancy Meany, who represents the area in question, has said she looks forward to having discussions between residents and the company so they can…
Wednesday, August 10, 2011
While Solon is gaining more than 100 jobs, Mayfield Village is losing 62 jobs when the company moves
Techtron Systems will be leaving its location at 760 Beta Drive in Mayfield Village and moving to Solon later this year. The company has 62 employees and plans to add another 105 by 2014 at its new location in a 70,000-square-foot building at 29500 Fountain Parkway in Solon. Mayfield Village Development Director Ted Esborn said Techtron Systems has been growing in recent years, as shown by an increase in income taxes paid to the village from $37,000 in 2006 to $62,000 in 2010. Esborn said he would have liked the opportunity to convince the company to stay in Mayfield Village, but the decision was made before he was contacted. "They called about a month ago and they said it's happening. It was more of a courtesy call," he said. "They didn't…