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Council approves loans, grants and housing supports including Canon Healthcare incentive and BridgeWorks loan
Summary
Cuyahoga County Council on May 13 approved multiple economic development loans and grants, including a $2 million BridgeWorks loan for mixed-use housing, a $1.47 million incentive for Canon Healthcare USA, and several community development and ARPA grant awards.
At its May 13 meeting, Cuyahoga County Council approved a series of economic development and community funding measures spanning loans, grants and program contracts.
Third-reading adoption: Council approved a $2 million economic development loan to BridgeWorks LLC to support a place-based mixed-use development at West 25th Street and Detroit Avenue that sponsors said will include 219 rental units and 1,200 square feet of retail space. Council members said the county has been committed to the project since 2023.
In a separate third-reading vote, council adopted a grant incentive agreement with Canon Healthcare USA not to exceed $1,471,526.02 to establish a headquarters at 10500 Cedar Avenue in Cleveland for a 10-year period. Sponsors said the project will create 50 full-time research jobs averaging at least $150,000 per year and could add 100 manufacturing or training jobs in a later phase.
Council also approved an economic development loan not to exceed $920,800 to Cantonese Classic Seafood Inc. to repurpose 41,469 square feet of space at the former Cleveland Food Bank facility on South Waterloo Road; presenters said 122 jobs will operate out of the facility with seven newly created positions.
On community supports and housing, the council adopted a contract with CHN Housing Capital for down payment assistance not to exceed $872,431, offering up to $20,000 per eligible homebuyer and an estimated 38 homebuyers served across urban county communities, including Parma. The council also approved multiple ARPA community grant awards and community development fund grants for local organizations and infrastructure projects.
All measures were adopted by voice vote with sponsors or committee members urging support; where committee discussion was recorded, sponsors described the expected program outcomes and community benefits. The actions take effect once signed and executed per standard county contracting procedures.
