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Beachwood council approves incentives to bring Millennium Control Systems, citing 70 planned jobs
Summary
Beachwood City Council unanimously approved a forgivable occupancy loan and a job-creation tax credit to support Millennium Control Systems LLC’s planned relocation to Commerce Park; staff said the company expects 70 jobs and $6 million in payroll by May 2025, with $2 million in building improvements.
Beachwood City Council on July 15 approved economic incentives to support the relocation of Millennium Control Systems LLC to a 115,000-square-foot Commerce Park facility, a package staff said is expected to bring 70 jobs and roughly $6 million in payroll to the city by May 2025.
The council adopted a resolution authorizing a forgivable occupancy loan of $100,000 and moved forward a job-creation tax credit equal to 40% of the company’s calculated credit for six years, both contingent on the company meeting the payroll and investment conditions outlined in the city’s legislation. Economic development staff said Millennium will invest about $2 million in building improvements to adapt the space for office and manufacturing uses.
“Kathy and our team have been working with Cuyahoga County Department of Development and Team Neo to support Millennium’s relocation to Beachwood,” an economic development official told council, noting the package is intended to secure headquarters and manufacturing jobs in the city.
Terry Delicio, director of business development for Millennium Controls, described the company as an automation systems integrator that serves manufacturing customers, saying, “We’re excited to be moving here to Beachwood” and that the firm expects to begin production in spring 2025. Delicio said the company employs engineers and technicians and works with major OEMs and national customers.
Council considered the measures under the urgent measure process and approved both pieces of legislation by roll call. Council members who participated voiced support for bringing private-sector employment to the city and for the economic development review that preceded the recommendation.
The measures now proceed to implementation details in the required agreements and administrative steps to verify the company meets the payroll and capital-investment conditions that trigger the forgivable loan and tax-credit benefits.
Council action: resolution authorizing a forgivable occupancy loan and a related job-creation tax-credit agreement for Millennium Control Systems LLC; council approved the measures at the July 15 meeting.
