News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

The Holden Arboretum

Akron General

Knight Foundation


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Omnova Solutions heads to Beachwood
Tax incentives help the company leave Fairlawn to build a new headquaters in Cuyahoga County.
by WKSU's MARK URYCKI


Reporter
Mark Urycki
 
Omnova's latex plant will remain in Mogadore but the HQ will move to Cuyahoga County.
Courtesy of Omnova Solutions
Download (WKSU Only)
In The Region:

One of the last vestiges of General Tire in the Akron area is moving its headquarters to Beachwood. Omnova Solutions is leaving Fairlawn but says it will maintain a commitment to Akron.  

LISTEN: Omnova's partial move

Other options:
Windows Media / MP3 Download (1:22)


Goodyear and Firestone recently built new facilities in Akron, but Omnova will build  a new headquarters at the corner of Richmond Road and Harvard. The specialty chemical company, once known as Gencorp, was part of General Tire, whose Akron roots go back almost a century.

Omnova is a polymer company that makes laminates, wall coverings, carpet and more. Spokesman Sandi Noah says with its Fairlawn lease running out, the company decided that Northeast Ohio has all the resources it needs and focused on the I-77 / 271 corridor.

“We looked at virtually all of the available existing office space and suitable building sites in a broad area stretching from Akron to downtown Cleveland and everywhere in between, and the Beachwood site was the best match to our criteria.”

Beachwood, the state of Ohio, and Warrensville Heights schools offered a package of tax incentives and low-interest loans. 

“They offered job and relocation grants. And we also have participation from the state of Ohio through a Tax Increment Financing structure that some call a TIF.  And then we also will include some low rate long-term financing. The finance arrangements are still being worked, but generally that’s kind of the three pools of financing.”   

About 110 employees will make the move to a new building in Beachwood. Two-thirds of their Northeast Ohio workers will remain in Summit County at plants in Akron and Mogadore and a technology center in Akron.  

“We remain deeply committed to the Akron area.  With these three facilities, Akron will continue to be very very important to us.  We recently invested nearly $9 million to upgrade and modernize the facilities here.”

Sandi Noah says Omnova's new building will allow for greater teamwork and collaboration among staff and the new location offers greater visibility for the company. 

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

ResponsibleOhio leader says the state is trying to set Issue 3 up for failure
Ohio suppose to believe that a group of investors were united under one cause to legalize marijuana.Once legal they all of sudden turn into 10 different compani...

Terry Pluto: U of A's new athletic director has the toughest job in town
It is a hard sell. The Students do not want to go to the football games and they do not want to pay for the program. They have a lot of student loan debt and t...

Akron considering the future of the B.F. Goodrich smokestacks
This BFGoodrich alumna says, "Thank you, Dave Lieberth!"

State creates panel to look at Ohio charter school sponsors
It is more than disturbing that charter schools, which seemed like a good idea years ago, have begun to cripple public school education.

DEVO mural in Akron is now on display downtown
The installation is not at the former site of Chili Dog Mac. CDM was one block north on the other side of Main St.

New report shows growth in white collar jobs for Northeast Ohio
Unfortunately, there are fewer jobs in comparison to the number of professionals applying for them. I have been had a full time job since June 2012. In order to...

Advocacy group: Ohio could lead in clean energy
Ohio Legislators, You are supposed to be our leaders but you're not taking us where we want to go - where we need to go!

Campaign for and against marijuana legalization begins
Cannabis legalization needs to happen as soon as possible! But not if it gives monopolies to a selected few to grow and sell the herb. Responsible Ohio's mono...

Heinen's in downtown Cleveland sponsors a contest for food entrepreneurs
Love that this took place right here! What a way to support local. Thank you Heinens! Love this quote, as a small local biz, I agree, it's big!! "To be a small...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University