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Economy and Business


American Greetings not leaving the state
State incentives keep company in Northeast Ohio, but local move still possible
by WKSU's KEVIN NIEDERMIER


Reporter
Kevin Niedermier
 
Governor Kasich (L-R), Ohio House Speaker William Batchelder, Zev and Morrie Weiss of American Greetings announcing the company will stay in Ohio.
Courtesy of Kevin Niedermier
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In The Region:

A major employer…and its 2000 jobs.. will stay in Northeast Ohio after receiving help from the state.  American Greetings had considered moving its headquarters from the Cleveland suburb of Brooklyn after that city raised its income taxes last year.  A new tax incentive package signed into law by Governor John Kasich today has prevented a defection to Illinois.   But as WKSU’s Kevin Niedermier reports,

there is no guarantee American Greetings will stay in Brooklyn…..

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Listener Comments:

If our state can afford to give generous tax breaks to big businesses such as American Greetings, then how can we be in such a budget crisis so as to necessitate drastic measures such as Senate Bill 5? Wouldn't it make more sense to revise tax codes globally so that all businesses have a level playing field rather than cutting sweetheart deals with select businesses? I am glad to have businesses such as American Greetings choosing to stay in our state, but I have a serious problem with the government finding money to give them a tax break while other businesses aren't afforded the same incentives.


Posted by: DouglasM (Ravenna) on March 8, 2011 12:03PM
I find it astounding that the state of Ohio can afford to give a sweetheart tax incentive deal to a large business in order to keep their headquarters in Ohio while claiming that destryoing public unions is necessary for the fiscal health of the state. Don't get me wrong, I realize that the tax incentive is relatively small compared to the overall budget deficits and projected savings of slashing public employees' pay and benefit packages. However, it would make much more sense if the tax code in the state were overhauled globally to make equal incentives for all businesses, not just certain large businesses. Such tax deals have become the norm in our country, its no wonder that governors are having a hard time making ends meet.


Posted by: DougM (Ravenna) on March 8, 2011 1:03AM
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