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Summit executive Pry says tax plan would lessen economic-development fights between communities
By Rick Armon
Beacon Journal staff writer
Published on Friday, May 23, 2008
Summit County is studying the idea of creating a local tax revenue-sharing program to prevent communities from poaching companies from their neighbors, County Executive Russ Pry said.
Pry met with mayors from Barberton, Fairlawn, Richfield, Stow, Tallmadge and Twinsburg to discuss the proposal Thursday and the group agreed to look into the issue further.
''We're working on putting together a plan that we can take out to communities,'' Pry said.
The meeting follows a decision last week by the Northeast Ohio Mayors and City Managers Association to pursue regional planning and a tax revenue-sharing program in a 16-county area ranging from Richland County on the western edge to the Pennsylvania border. The group said the region would prosper if communities were not competing against each other for economic development.
Pry said there's no reason the county can't develop a countywide agreement. Details have not been worked out, including any potential incentives to join the program.
He cited the example of Norandex Distribution Inc., a distributor of building materials, moving from Macedonia to Hudson, and Macedonia losing important tax revenue. Hudson was able to offer better incentives than Macedonia because of a quirk in state law, he said.
''We want to make sure we are trying to build the region and not take companies from cities within the county,'' Barberton Mayor Bob Genet said.
A tax revenue-sharing program could minimize the impact when a company does move, Fairlawn Mayor William Roth Jr. said.
''We're trying to make sure that cities don't unfairly take businesses away,'' he said, ''and if a city loses a business, it doesn't have such a devastating impact that they have to cut back services.''
Rick Armon can be reached at 330-996-3569 or rarmon@thebeaconjournal.com.
Summit County is studying the idea of creating a local tax revenue-sharing program to prevent communities from poaching companies from their neighbors, County Executive Russ Pry said.
Get the full article here.
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