Cuyahoga Falls approves tax incentive for company bringing jobs, $22M investment

Cuyahoga Falls City Council approved “a 10-year, 75-percent property tax break” for manufacturing company Kyocera SGS Precision Tools, which will make “a $22.4 million investment that will move 84 employees” to the city, MyTownNEO reports. Kyocera “is planning to spend $2.97 million to remodel the inside and outside” of two buildings on Marc Drive, and will relocate “about $11.3 million in machinery and equipment” to the new sites, according to the article. The 84 employees represent almost $5.7 million in annual payroll. For more, read the full article.

Economic Development, Financial Incentives, State Updates