TWINSBURG — Council has approved a 50 percent, 15-year tax abatement for O’Reilly Auto Enterprises, which plans to erect a 404,000-square-foot distribution warehouse in Cornerstone Business Park.
The action was taken at council’s April 10 meeting. Director of Planning and Community Development Larry Finch said O’Reilly plans to make a $35 million investment, bringing 400 jobs and about an $11 million a year payroll to the city.
A spokesman for the company told council about 90 percent of the jobs will be full time. The warehouse will serve stores in the Northeast and Great Lakes area, and the firm is hoping to have the facility completed in the third quarter of 2019.
Council reps and Mayor Ted Yates said city officials are happy to see that O’Reilly chose Twinsburg to build the distribution center.
"O’Reilly’s $11 million in anticipated payroll is welcome," said Yates.
"We’re thrilled that another part of the business park will be built up," said Finch. "It’s a substantial investment, and the job count is significant. We’re ecstatic to see the park being filled up."
Also at council’s April 10 session, members authorized continuation of Community Reinvestment Area tax incentives for 10 companies and Twinsburg Occupancy Program agreements for eight firms.
The city’s Tax Incentive Review Commission recommended that CRA agreements be continued for University Hospitals, FFR / DSI, Ganzhorn / Mustang Dynamometer, Twinsburg Industrial Properties II / Fed Ex, Twinsburg Industrial Properties III / spec building, Omega / Amazon, Cellco / Verizon, LUR / Richter and Associates, Vistar / PFP and Western Reserve Wire Products.
It recommended TOP agreements be continued for FFR/DSI, Cellco / Verizon, Windstream, Lianda Corp., Professional Plastics, Keystone Components, HC Companies and National Enterprise Systems.
Each year, the city performs annual reviews of CRA and TOP agreements to determine whether they should be continued, modified or terminated based on a company’s progress toward achieving contractual commitments in the areas of jobs and wages.
The Tax Incentive Review Commission also recommended, and council approved, reducing the amount of the TOP grant payment to American Bottling Co. from 33 percent of the annual income tax withholding receipts to 25 percent, and terminating TOP agreements for United States Fittings Inc. and GO2 Marketing / Print Management Partners.
Finch said the three firms have not lived up to the wage and jobs commitments made when they were granted the agreements.
Reporter Ken Lahmers can be reached at 330-541-9400 Ext. 4189 or firstname.lastname@example.org