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Cleveland City Council OKs tax sharing with Warrensville Heights on industrial expansion project

The Plain Dealer  Cleveland logo The Plain Dealer Cleveland 4/5/2021 Robert Higgs, cleveland.com

CLEVELAND, Ohio – Cleveland City Council approved a deal negotiated with Warrensville Heights to share new taxes on a development that would straddle the border of the two cities.

Cleveland would collect 54% of new income taxes generated by a 100,000-square-foot expansion of Tremco, a manufacturer of construction products.

The legislation still needs to be signed by Mayor Frank Jackson, which is expected. The city of Warrensville Heights has already approved the deal.

Robin Brown, a financial analyst in Cleveland’s Economic Development Department, told the City Council that Tremco plans to invest more than $20 million in the addition on Miles Road at East 175th Street to expand its roofing products line.

Fifty-four percent of the expansion will be in Cleveland. The remaining 46% will be built across the border in Warrensville Heights.

The company employs about 500 people. The expansion is expected to add 25 jobs that will pay annual wages of $1.3 million.

Cleveland would levy income taxes on about $700,000 a year on the new wages, yielding about $17,500 annually for the city.

Tremco Construction Products Group opened as a roofing company in 1928 in Cleveland. It has grown to include several divisions housed at several sites in and around Cleveland and now is part of RPM International, Inc.

In addition to roofing, its products include sealants, waterproofing, building exteriors and foundations.

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