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Economy and Business


Cuyahoga County communities sign on to be part of a new business program
The program uses a $100 million economic fund to grow local businesses instead of attracting outside businesses
by WKSU's KEVIN NIEDERMIER


Reporter
Kevin Niedermier
 

Nearly all of Cuyahoga County’s municipalities have signed on to the county’s new business attraction and anti-poaching program.

One year after it was established, County Executive Ed FitzGerald says about 90 percent of the 59 communities are on the program, with several more expected to join.  The county now has a one-hundred million dollar economic development fund that its cities use to grow their businesses instead of offering tax breaks to attract business from one community to another.  FitzGerald says only a few communities are sticking to the old ways

Fitzgerald on anti poaching

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"It makes more sense to try to develop what you have and then try to cooperate in attracting businesses from outside the area. So those voices that are skeptical about it are still there, but they are getting quieter and quieter and they already represent, I would say, less that 5 percent of the cities. It’s really kind of the old way of thinking about things and I think we’re breaking that habit after a long, long time."

FitzGerald says about 10 million dollars was used in the first year, and that helped create about a thousand jobs.

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