Events Calendar
In This Section
Most Read Stories
Akron police investigate teen mob attack on family
Man found hanging at playground in Stow
Family is proud of late son's gift
Man shot in back near Akron park
Robbery suspect's body left at Akron hospital
Varejao's $50 million deal isn't really $50 million
FBI asked to investigate attack on white family near Firestone Park
Woman, 75, charged with beating fawn to death
Blogs:
Pets:
Sly children fool exercise study by using dogs
The Heldenfiles:
Friday Notebook
Patrick McManamon:
Dwayne Wade says no to Cleveland
Akron Zips:
Opponent outlook: Kent State
Browns Bulletin:
Quick thought on Browns rookies
Tribe Matters:
Now is no time to quit
Cleveland Browns:
Stallworth test showed marijuana
Kent State Sports:
Men's Basketball Scheduling update
Cleveland Cavaliers:
Andy’s Signed According to ESPN
All Da King's Men:
Baby Got Barack !
Blog of Mass Destruction:
As California Goes?
Akron Law Café:
Why do public officials violate Ohio Ethics Laws?
Varsity Letters:
Report: Ontko selects Wisconsin
See Jane Style:
Oh Baby!
Car Chase:
Where do We Go from Here?
Let's Talk Real Estate:
Closings….Not the Good Kind!
Ohio Travels with Betty:
Margy inquires-when is a Taste of Hudson?
Sound Check:
LeVert II live performance Saturday night — "Dedication" album due July 13,
HRLite House:
DDI One of Best Places to Work
Akron Gamer:
Video game sales drop in May
Deals yanked for 3 firms in Summit; incentives continue for 43 others
By Rick Armon
Beacon Journal staff writer
Published on Tuesday, Aug 26, 2008
Summit County is yanking tax breaks for three companies — two of which are already closed.
The County Council voted Monday to terminate enterprise zone agreements with BWC Industrial Tool & Machine, Falls Lumber and Millwork, and WCCV Hardwood Flooring.
BWC and Falls Lumber, both of Cuyahoga Falls, have closed. WCCV outgrew its Stow facility and moved to Cuyahoga Falls, officials said.
The council, upon the recommendation of the county's Tax Incentive Review Council, also agreed to continue tax breaks for 24 companies — three of which have more than one deal. Those companies have fulfilled their job creation, building and payroll requirements. An additional 19 companies haven't yet fulfilled all the requirements, but their tax breaks also were continued.
''We need to police them to make sure they live up to their promises,'' said Peter Zaehringer, county economic development administrator.
County officials estimated that the 49 active tax incentive agreements have helped create 3,007 new jobs, retain 6,870 jobs and add $107 million in payroll for local companies.
''This has been a very posi
tive program,'' said Scott Wagner, deputy director of the county Department of Community & Economic Development.
The council also:
• Approved a three-year labor contract with about 15 union workers at the county Medical Examiner's Office. The workers — represented by the American Federation of State, County and Municipal Employees — will receive 3 percent raises each year.
The union already has approved the deal.
The workers include morgue attendants, forensic investigators and secretaries.
• Approved the creation of a joint Akron/Summit County Property Fraud Task Force. The group will target professional burglars.
Rick Armon can be reached at 330-996-3569 or rarmon@thebeaconjournal.com.
Summit County is yanking tax breaks for three companies — two of which are already closed.
Get the full article here.
Comments
Click here to post your comments
