Tuesday, March 24, 2015
YOUNGSTOWN — All three major recipients of 60-percent, 10-year real estate tax abatements have exceeded the job-creation levels they projected they’d achieve at the midpoint of their abatement periods.
The Western Reserve Port Authority, which performs economic development work for Mahoning County, presented its findings at this morning’s annual meeting of the county’s tax incentive review council.
The council said it was satisfied with the progress of the companies in achieving the investment and job creation goals under their abatements.
The companies exceeding their job-creation expectations were Fed Ex Ground in North Jackson, which projected two jobs, but created 22 as of the end of 2014; McHenry Industries in Austintown, which projected 15, but created 30; and Infocision in Austintown, which projected 200, but created 229.
The Fed Ex and Infocision abatements began in 2008, and McHenry’s began in 2010.
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