Medina County and Granger Township work on Community Reinvestment Area proposal to attract unnamed company's planned headquarters
The Medina County Economic Development Corp. and the Granger Township trustees are working to create a Community Reinvestment Area (CRA) proposal that would "grant 50 percent tax abatement for up to 15 years" to an unnamed large corporation that has expressed interest in building a headquarters near state Route 18, The Medina-Gazette reports. Supporters of the measure note it will relieve the tax burden on the township's homeowners, but opponents are concerned about granting a property tax rebate to a commercial property after the state eliminated "the 12.5 percent rollback provided to homeowners for all new levies," the article said. For more, read the full story.
