Events Calendar
In This Section
Most Read Stories
Chapel Hill isn't rolling right along
Akron City Council OKs higher speed on I-77
Suitcase causes bomb scare at Akron bus terminal
New eateries expand menu of options
Patrick McManamon: Here's what the Browns should try the rest of the season
Man says he was punched, robbed by 3 people in parking lot
Motorcyclist killed, wife injured in Stark County crash
Stark County engineer dies at 49
Blogs:
Pets:
First Person: Inside St. Louis Pit Bull Shelter
The Heldenfiles:
Tuesday Notebook
Patrick McManamon:
An interesting thought from a reader
Akron Zips:
Akron vs. Mount Union — Liveblog
Tribe Matters:
Indians announce spring dates
Cleveland Browns:
Mangini doesn't name a quarterback
Kent State Sports:
Flashes interested in another Cincinnati player
Cleveland Cavaliers:
Cavs: Yeah, on That Issue of Privacy
Buckeye Blogging:
Buckeyes Roll 100-60 / Season Outlook
Varsity Letters:
Twinsburg likes chances, but warns offense needs to deliver
All Da King's Men:
More On The Fort Hood Jihadist
Blog of Mass Destruction:
Simply Incapable of Telling The Truth
Akron Law Café:
Health Care Financing Reform: (63) Commonwealth Fund Report on Primary Care
See Jane Style:
Muffle Your Muffler
Car Chase:
Clock Tender- Extending the Life of Collector Car Clocks
Let's Talk Real Estate:
Rumors: Akron Starbucks Closing
Ohio Travels with Betty:
Jack is looking for a trip to Southern Ohio the week of November 16.
Sound Check:
Aeromsith looking for new singer as Steven Tyler contemplates solo career
HRLite House:
Personal Rant – Why People Do Not Live in Northeast Ohio
Akron Gamer:
Video: 'Modern Warfare 2' hits the streets
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
