Incentive packages will keep Sherwin-Williams jobs, investment in NE Ohio

Cleveland City Council and Cuyahoga City Council recently approved separate incentive packages “to anchor Sherwin-Williams Co. to a new downtown headquarters and keep thousands of jobs in the city,” according to a March 23 article. Cleveland approved a mix of tax incentives and grants totaling up to $100 million that “provides financial help toward construction of a $300-million headquarters, the promise of money for bringing in new jobs” as well as tax relief. Cuyahoga County approved $14 million in incentives in exchange for the manufacturer’s commitment to keep roughly 3,500 current jobs in the county, a March 16 article reports. For more, read the full March 23 and March 16 articles. 

Economic Development, Financial Incentives, State Updates