- GCP helps secure expansion project for Oakwood Village company 09 10 12
GCP helps secure $3.15M expansion project for Oakwood Village company
Monday, September 10, 2012
Cleveland, Ohio—Working with the leadership of Oakwood Village and the Cuyahoga County Department of Economic Development, the Greater Cleveland Partnership Business Development team helped secure a $3.15 million expansion project for Swift Filters, an Oakwood Village company that specializes in the design and manufacture of high-quality replacement and custom filter elements.
Acting on a lead from Cuyahoga County, GCP staff visited business owners Ned and Charlie Swift and found that their company needed to expand its plant and hire new employees as a result of a significant increase in customer orders. Numerous sites were under consideration, but GCP efforts focused on retaining the business in Oakwood Village.
Incentives to support the project included real property tax abatement by Oakwood Village and the approval of a $1.26 million loan from the County. The $3.15 million project will more than double Swift's workforce, adding 36 employees over the next three years. In addition, GCP linked the company to Employment Connection, a training and recruitment resource for employers.
At a recent press conference attended by County Executive Ed FitzGerald, Oakwood Village Mayor Gary Gottschalk and GCP Business Development team members, Swift revealed its construction project that will consolidate its two buildings totaling 33,000 square feet into a new, 42,500-square-foot facility, also in Oakwood Village, which will be built by Premier Development Partners.
The GCP mobilizes private sector leadership, expertise and resources to create attractive business conditions that create jobs, grow investment and improve the economic prosperity of the region. www.gcpartnership.com.
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