DevelopOhio

With the sale of old Doctors Hospital in Massillon finalized, officials from Perry Township and the City of Canton held a special meeting to work out details on a pending economic development deal, CantonRep.com reports. To “facilitate a deal for the hospital sale,” Canton and Perry Township “agreed last month to form a joint economic development district [JEDD],” according to the article. That agreement will allow the new owner, Dr. John Johnson, to receive “economic incentives only offered via Canton,” including low interest loans, job creation tax credits and job training incentive grants. According to Johnson, the redevelopment goal “is to invest $20 million to $25 million over the next three-to-five years in the old hospital for improvements,” which is expected to create up to 300 new jobs. The JEDD will benefit both Canton and Perry Township, as “revenue from Canton’s 2 percent income tax generated by future hospital employees can be split and collected equally by the township and city.” For more, read the full article.