Ashland City Council approves tax incentive for 43000 square foot manufacturing expansion

In the heart of Ashland, Ohio, the city council convened on March 18, 2025, to discuss pivotal developments that promise to shape the local economy and community landscape. The evening's agenda was marked by a significant proposal from a local manufacturing company seeking to expand its operations at 419 East Eighth Street.

The company plans to construct a new 43,000 square foot facility, a project estimated to cost around $6.2 million. This expansion is not just about increasing physical space; it is also expected to bolster employment opportunities. Currently, the company employs 60 individuals, with hopes of adding more jobs in the coming years. The council discussed a community reinvestment area tax incentive, which would offer a 75% reduction on taxes for a decade, specifically on the improvements made by the new building. This incentive aligns with the city’s economic development strategy, which emphasizes retention, expansion, and attraction of businesses.

Council members expressed their enthusiasm for the project, highlighting the company’s positive impact on the local economy and its commitment to growth. The council unanimously approved the first reading of the ordinance, paving the way for construction to potentially begin in April, with completion anticipated by the end of the year.

In addition to the manufacturing expansion, the council addressed a request to vacate an undeveloped alley on Eastern Avenue. This request stemmed from a property owner facing complications during a sales transaction due to the alley's existence. The alley, which serves as a shared driveway for two residences, was deemed unnecessary for public use. After a brief discussion, the council moved forward with the recommendation to vacate the alley, ensuring that both property owners would retain access to their shared driveway.

As the meeting concluded, the council's decisions reflected a commitment to fostering local business growth while addressing community needs. The evening's discussions underscored a proactive approach to economic development, setting the stage for a vibrant future in Ashland.