Falls Council grants tax break to Technicote Inc.
A tax exemption offer secured an Ohio adhesives manufacturer would stick with a location in Cuyahoga Falls and keep a local work force in place.
On Dec. 16, a fire destroyed the bulk of Technicote Inc.’s plant on Marc Drive. Shortly after, management began to contemplate options for replacing the lost facility, focusing on how to improve factory capabilities and customer service, according to Doug O’Connell, president of Technicote.
On May 26, Technicote, headquartered in Miamisburg, announced its plan to build a larger factory at the site of its original location.
“After evaluating numerous options in various states and sites, we concluded rebuilding at our current location in Cuyahoga Falls was the best option,” O’Connell said in a press release. “We were anxious to retain our experienced workforce since they’re one of the keys to producing the unique products we offer. Rebuilding on the same site makes it easiest on our employees. Another factor was that the city has been great to work with throughout this process.”
At the May 29 Cuyahoga Falls City Council meeting, Council granted a 15-year, 50 percent property tax exemption to the manufacturer, keeping the 30-year-old company in the Falls.
According to city officials, Technicote will save about $35,000 a year through the approved agreement. The tax break will help the company afford the construction of a proposed 45,000-square-foot facility, an approximate $10.3 million project, according to city officials.
According to Technicote, the new manufacturing facility would include state-of-the-art equipment and processes. Company officials expect construction to begin this month and the plant to be operational by the end of the year.
At the time of the fire, the Falls plant reportedly employed 40. Technicote said it has retained most of its employees and could add up to 12 more positions in the next few years.
In other business, Council approved legislation:
• to purchase security fencing through Genuine Parts Co. to be installed at the City Service Complex, 2560 Bailey Road;
• to issue an encroachment permit to Barbara Dieterich, doing business as Diamond Deli, for the purpose of installing and maintaining outdoor seating and food service activities in the public right-of-way of Front Street;
• to appropriate interest in real property necessary for the improvement of State Road between Graham and Steels Corners roads;
• to enter into an intergovernmental agreement, known as the Summit County Intergovernmental Memorandum of Understanding of Job Creation and Retention and Tax Revenue Sharing;
• to enter into a contract for the reconstruction of pavement at various locations in the city; and
• to apply for and accept financial assistance from the Ohio Public Works Commission for the replacement of a 16-inch water main in Graham Road.
Council additionally introduced new legislation:
√ to amend the Codified Ordinances of the city relating to stream corridor protection;
√ to approve a preliminary and final plat application for a public utility right-of-way within and adjacent to Hemlock Hills Drive;
√ to authorize payment of the moral claim of Lawrence Cook and Kristina Cook, as approved by the Claims Commission; and
√ to authorize Mayor Don Robart and Director of Community Development Susan Truby to enter into a modification of a contract with Portage Crossing LLC.
Council will gather for committee meetings to discuss new legislation June 4 at 6:30 p.m. at the Cuyahoga Falls Natatorium, 2345 Fourth St., and for a regular meeting June 11 at 6:30 p.m., also at the Natatorium.
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Calendar of Events
- Warbler Warm-Up - 3/23/2017
- School Age STEAM: kindergarten through fifth grade - 3/23/2017
- John Fedchock with The University of Akron Student Jazz Ensemble - 3/23/2017
- Akron Marathon Informational Session: Beginners and Walkers - 3/23/2017
- “Storks” - 3/23/2017