MEDINA — City Council on Monday approved allowing a business to join the joint economic development district in Montville Township.
Montville Tire Express, 5847 Wooster Pike, Montville Township, will become part of the district. According to its website, the business employs five people.
Medina has a joint economic development district agreement with Montville, which allows businesses in the township along state Route 3 and state Route 18 to have their employees pay Medina’s 1.25 percent municipal income tax.
“The city will benefit from the revenues gained by property outside the city,” said Kimberly Rice, Medina’s economic development director, during the meeting.
Under the agreement, 20 percent of the tax money is set aside for infrastructure projects, such as sidewalk, road, street lighting or other improvements for the business. The remaining tax money collected is divided between Montville Township and Medina.
City Council and trustees from its four surrounding townships — Medina, Montville, Lafayette and York — will meet 5:30 p.m. today in City Hall’s multipurpose room to discuss ways to promote economic development and more cooperation among the communities.
Contact Kiera Manion-Fischer at (330) 721-4049 or firstname.lastname@example.org.
Print this story
Report an innappropriate comment
In order to comment, you must agree to our user agreement and discussion guidelines.
Read our user agreement and discussion guidelines ..
Need help? Email Us.