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Committee advances incentive package to bring Canon Healthcare USA headquarters to Cleveland
Summary
Cuyahoga County staff presented a performance‑based grant incentive (not to exceed $1,471,526.02) to bring Canon Healthcare USA’s U.S. headquarters and research operations to 10500 Cedar Ave; the package includes job‑creation payments, retention requirements and clawback provisions and was moved to full council for second reading.
The Cuyahoga County Economic Development & Planning Committee on April 14 voted to send to full council a proposal to authorize a performance‑based grant incentive to Canon Healthcare USA to relocate its national headquarters and research operations to 10500 Cedar Ave in Cleveland.
Paul Hertig of the Department of Development said the county is not drawing from the general economic development fund; instead, staff will use funds generated by the project itself (an amount tied to a loan payoff) to…
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