LORDSTOWN, Ohio (WYTV) – Lordstown Village Council met Monday night to discuss a tax abatement for a company looking to possibly expand to the village, which could bring more jobs to the area.
M&M Industries, a Chattanooga, Tennessee based plastic pail manufacturer, is looking to expand.
The company is seeking a 15 year, 75% tax abatement, which was approved by council.
“They were looking for a facility in the Midwest to serve the Midwest market plus the Northeast market. So, of our logistics and roadway systems, they felt we were a good fit for their future and five-year build-out plan,” said Council President Ron Radtka.
M&M CEO Glenn Morris said he feels very welcome in Lordstown.
“Everybody here makes you feel like you are part of a family. This is the city that we found along the way, and it’s the city we feel is the closest to adopting what we want to do and adopting our culture and us adopting yours as well, Morris said.
One of the possible sites for the $30 million project is located in the village, specifically the more than 81,000 square foot facility on Henn Parkway that once housed Magna Seating.
“The building fits their initial needs now and being in proximity to an existing rail yard, the expansion of rail spur to that site,” Radtka said.
“This is moving at warped speed,” said Lordstown Mayor Arno Hill. “They may be adding on if this goes through, they may be doubling the size.”
Earlier Monday, Lordstown Local Schools’ Board of Education unanimously passed it.
Hill says if everything goes as planned, the company expects to bring 106 jobs to the facility within five years.
Two other projects are also in the works. Perishable Shipping Solutions and expansion of the CSX rail yard. Radtka hopes these will also help to bring a spark back in the community.
“We had that big hit with a lot of people being relocated and leaving, and the big impact on the finances of the village. Now, with these three projects, we are starting to come back a little bit,” Radtka said.