In no particular order, the top private sector, non-retail employers in Streetsboro are: Step2, Sealed Air/Automated Packaging, Delta Systems, Soft-Lite Windows & Doors, Micro-Poise Measurement Systems, International Paper, Viking Forge, Permco, and L’Oréal.
The Economic Development Director would be pleased to set up some time to talk. He can assist you in finding resources, locations, assistance with business planning, finding financing and even possibly referring you to some other Streetsboro businesses that might be interested in partnering with you.
Streetsboro has a strong track record of structuring deals in a way that results in a true public-private partnership. Our negotiations have resulted in money and land for a new city park, an annual donation for our food bank, the creation of a scholarship for our students and even requiring recipients of an abatement to provide additional buffering between residential neighborhoods and industrial sites. Through the negotiation process we uncover ways for us to strengthen the bonds between our city and our businesses.
From a bottom line perspective, abatements not only help create new jobs that you and your family can work at but also help ensure that there is a diverse set of companies within town to help keep your tax burden low.
The city is aggressively pursuing redevelopment opportunities and has had remarkable success. The former True North gas station on SR 14 was vacant for many years but we provided a tax incentive to demolish it and it will soon be home to a butcher shop. We also were able to repurpose the old Steak N Shake into Northeast Ohio’s first Raising Canes Chicken and helped a developer convert a hotel into senior living.
Sadly, not all properties are an ideal fit for redevelopment. In some cases, though the store is vacant the property is still in a lease contract and producing income for the building owner. Often, there is little incentive or motivation for the property owner to break a paying lease.
Yes. In some areas of the city the Community Reinvestment Area (CRA) will allow for a reduction in real property taxes for residents. Remodeling projects, like painting or new carpet or even a kitchen remodel won’t typically add to the tax book value and likely will not result in an incentive. However, adding new square footage typically increases a tax bill. The CRA can, in some circumstances, abate a percentage of the new taxes resulting from the addition. Contact the Economic Development Director for assistance as the tool is complex and not all projects will qualify and not all areas of the city are currently covered by a CRA.