CANFIELD, Ohio (WYTV) – After nearly a year of negotiations, Canfield city and township officials have come to an agreement that will bring 70-plus jobs to the area.
The Joint Economic Development District agreement will allow for a new assisted living facility to be built in the township and receive utilities from the city. According to the agreement, the value of the 18.6-acre property within the JEDD will increase by $10 million, and the project itself will bring 72 full-time equivalent jobs and generate a projected annual payroll of more than $2.2 million within the next two years.
“It just looked like a win-win from the very beginning,” Canfield Mayor Bernie Kosar Sr. said. “You don’t just walk away from the 72 jobs from a very reputable, respected entity.”
The assisted living facility will be operated by Windsor House and will be located on U.S. Route 62 at state Route 446 on the Canfield Township border.
“Each side had to give and take. We had to work on this for about a year and that was because there were so many details to work out,” Canfield Township Trustee Marie Izzo Cartwright said.
For the length of the agreement, which is 25 years, the city cannot annex the property from the township, but will provide water and sewer services throughout that time. In exchange, the city will receive money generated from a 1 percent income tax on the facility’s employees.
The township will provide police protection for the JEDD area and also will receive all real estate taxes derived from the JEDD.
The agreement could last up to 75 years because there are two options of 25 years each.
“It is the best thing for the community, if you agree with the specifics or not. It really is the best thing both parties could come up with for this to become a reality for Canfield,” Izzo Cartwright said.
The township and city have not always been on the same page, but Kosar said he thinks situations over the past year, like last summer’s tornado, have brought the two entities together.
“We want to show a united front. We want to show that we are a great place to move to. We are a great place to do business,” Kosar said.
The next steps in this process include public hearings and passing of an ordinance by city and township leaders, which is expected to happen over the next few weeks.
After the public hearings and ordinance gets the final okay by the city and township; the two groups will have to get approval from Mahoning County Commissioners.