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Dublin Council OKs incentives for Hexion to open North America innovation hub
Summary
Dublin City Council approved an economic development agreement offering a 15% performance withholding incentive and a $200,000 location grant to Hexion Inc. to lease and retrofit an 80,000-square-foot facility and recruit STEM staff.
Dublin City Council voted to approve incentives to Hexion Inc. to locate a North America innovation hub in the city, authorizing a performance-based withholding incentive and a $200,000 location grant.
The approved package includes a 15% performance incentive on withholdings over seven years, which staff said is valued at $314,000 for the term of the agreement, plus a separate $200,000 location grant to support construction costs tied to renovation of the leased facility. City staff presented…
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