SHARON TOWNSHIP, Ohio -- Two more economic development projects are coming to the community reinvestment areas along Ohio 18 in Granger and Sharon townships and the Highland Local School District.
Controls, Inc. will receive a property tax abatement on a 7,500-square-foot, $635,000 addition to its electrical assembly plant on Portside Drive near Medina Municipal Airport.
The company will add six full-time and two part-time employees to its current 25-member staff after the new warehouse, office and assembly space is completed this year. Construction will begin in July.
The new workers will be paid $240,000 a year in Sharon Township, which cannot impose an income tax. And Controls will receive a 50-percent reduction in property taxes on the expansion for 14 years. That will be a tax savings of $5,854 a year, or $81.962 over 14 years, Medina County Auditor Mike Kovack said.
To offset that revenue loss for Highland schools, Controls has agreed to pay the district $750 a year for 14 years, a total of $10,500, Medina County Economic Development director Bethany Dentler said.
The other project, in Granger Township, involves a relocation of the Securitec One company from its current rented site on 18 to a side street. The security services provider, which currently employs 30 people, plans to build a new office and warehouse at 5071 Bambeck Road.
Construction of the 15,000-square-foot, $1.5 million building could begin in June and end in December.
Securitec would then hire three full-time, one part-time and one temporary worker within the next three years, adding $212,500 to its current annual payroll of $1.84 million, the company stated in its application for tax abatement.
Securitec is asking for property tax reductions of 50 percent for seven years, 40 percent for the next four years and 30 percent for the final four years.
The company "has been located in Granger Township since 2003 and its owner has lived in the township since 2008," owner Douglas Williams wrote in the application. "We consider Granger and the Highland school district home."
There may be "some adjustments to the construction estimate, so this abatement contract has not yet been finalized," Dentler said.
Among the other new projects in the tax-abatement area is a $3.6 million Discount Drug Mart store on Ohio 18 in Sharon Township. Construction begins this month and will be completed by the end of October. And Akron Medina Corporate Park II, featuring 31,200 square feet of rental space for retail, medical, warehouse and office use in Granger, will open about the same time.