Shalersville, Streetsboro work to establish JEDD for warehouse development project

Shalersville is hoping to establish a Joint Economic Development District (JEDD) with Streetsboro in support of a project to construct a warehouse building for up to four businesses, the Record-Courier reports. The JEDD, if created, would be “a mechanism for the city and township to share income tax revenue,” and “only the people who work in the JEDD area would pay municipal income tax,” the article reports. Shalersville Holdings LLC, a subsidiary of Geis Companies, purchased a 450-acre parcel; Trustee Frank Ruehr said the JEDD would cover 77 acres of that property. Ruehr “said Shalersville is not ‘a thriving metropolis’ and will use the money from the agreement to shore up the township’s tax base.” For more, read the full article

Economic Development, State Updates