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.

Hennes Paynter Communications

Wayside Furniture


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


Senior 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

HOF's Canton expansion could take an island and make it a village
I live in the block from Broad St to the Hall of Fame and will be impacted by the expansion. I am in the process of selling my home and planned to long before i...

Cleveland redeploys police to replace rejected red-light traffic cameras
Periodic rotational enforcement without warning does NOT change behavior and the city officials know that. This is the basis of all officer-run enforcement trap...

New enrollment period offers more insurance options
The removal of federal funding for healthcare CO-OPs may limit the growth of the CO-OP movement. http://www.healthcaretownhall.com/?p=6381

The family of Boardman vet killed in Vietnam receives his medals
My name is Mike Eisenbraun. I am Larry's brother. I was 14 years old when Larry was killed in Vietnam. He has been gone for 46 years but it seems like yester...

Cleveland seniors are creating new wealth -- and facing new challenges
Why is anyone surprised that we people over 65 are not retiring? If you have been paying attention, defined company funded pensions were phasing out in the eigh...

Ohio company cuts off a dairy supplier after allegations of animal abuse
these people should be held accountable for their actions. i would be more than pleased to see a year or more behind bars. i will NEVER eat anything that comes ...

Goodyear recruits thousands of vets
What a wonderful interview! Excellent reporting skills by a talented young reporter! I look forward to hearing more from Ms. Schley!

Ohio Democratic Party begins the rebuilding process
I agree 100% with Sen. Brown. I think it is absolutely critical for the Democratic Party in Ohio to engage in the long, tedious, hard task of re-building from t...

They're talking again in the Macedonia bridge dispute
Norfolk Southern says the Ledge road bridge meets regulations for train traffic, however it was built as an overpass for a roadway and/or farm usage. I think t...

Cleveland City Council to consider transgender public restroom law
this is sick. I do not want my daughter in the same bathroom as a perverted 45 year old man. this proposed legislation could seriously damage the security of ch...

Copyright © 2014 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