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Wickliffe council approves incentive package to retain and expand Lubrizol operations
Summary
Council adopted three emergency ordinances creating a job creation/retention income tax credit and approving incentive agreements tied to Lubrizol’s retention of roughly 700 jobs and relocation/creation of about 380 jobs; a related 10-year, 75% CRA will be presented after statutorily required notices.
The Wickliffe City Council on April 13 adopted a package of ordinances to support an expansion and retention plan for Lubrizol and affiliated entities, including a new job-creation and retention income tax credit program and two incentive agreements to support roughly 700 retained jobs and about 380 new or relocated positions.
Mayor Josakas told council the city welcomes Lubrizol’s decision to expand in Wickliffe. “We’re beyond pleased that Lubrizol chose Wycliffe to remain here and look forward to their expansion and our continued partnership,” the mayor said.
Patrick of the Lake Development Authority explained the three-record ordinance package and the statutory notice process for a…
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