Football helmet manufacturer Riddell is moving from its current facility in Elyria to a larger one to be built in North Ridgeville, after that city approved legislation to allow tax incentives, the North Ridgeville Press reports. That move will bring “[m]ore than 350 jobs” to North Ridgeville, and Mayor David Gillock “said bringing Riddell will improve the city’s finances and should also have a positive impact for area businesses,” according to the article. Riddell will “relocate its production of full-size collectible football helmets and distribution of most football gear and apparel” to the new location. Riddell will lease the new building from Scannell Properties, a company “that specializes in build-to-suit and speculative development projects.” The tax-increment financing (TIF) incentives that North Ridgeville City Council approved will “allow money that would have been paid as property tax by Scannell to the county to remain in North Ridgeville and be used for infrastructure improvements,” including roads, street lights and sidewalks. North Ridgeville City Schools Treasurer Mike Verlingo said the district should see a boost in revenue as well. For more, read the full article.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact firstname.lastname@example.orgRegister
Riddell moving jobs from Elyria to new facility in North Ridgeville
Popular articles from this firm
If you would like to learn how Lexology can drive your content marketing strategy forward, please email email@example.com.
Related topic hubs
Senior Manager: Central Risk Unit
Customs Risk Management & Intelligence Division
"I use the newsfeeds to follow legislative changes and industry trends relevant to my division. I find the articles to be of a good quality and the topics are well researched and presented in a very user-friendly format."