Hudson firm plans project that will bring 75 new jobs to city
49,000 square foot addition eyed at Hudson Industrial Parkway site
HUDSON — A wellness company with nine operating units is receiving a 50% property tax break for the next 15 years in conjunction with an $11.9 million investment to construct an addition that is expected to bring 75 new jobs to the city.
City Council on July 28 approved the tax abatement agreement with TJE Real Estate LLC, Gem Edwards Inc., Gemcare Wellness Inc., Advanced Health Technologies, Edwards Health Care Services and TEMEG Holdings Inc. at 5640 Hudson Industrial Parkway. Council member Beth Bigham (Ward 4) abstained from the vote because she said she had a “conflict of interest.”
Since it is a 50% abatement, the Hudson City School Board of Education did not need to approve the deal, according to Hudson Economic Development Director Jim Stifler.
Stifler said TJE is the “[real estate] arm of a wellness company with nine operating units. Building use will touch most of the entities.”
City Manager Jane Howington added that Gem Edwards Inc. “is a great partner for the community. They’ve worked with us for a long time. [Stifler] has continued to make sure they are happy here.”
According to the tax abatement application, the companies requested the property tax relief because TEMEG Holdings Inc. “wishes to stay in Hudson but needs to justify the freight and capital expense offsets for not using a west coast facility.”
A 49,000-square-foot addition is planned at the Hudson Industrial Parkway site. The project is slated to start this summer and be completed in spring of 2021, according to the application.
There are currently 177 full-time employees and 13 part-time workers at the Hudson Industrial Parkway site. With the planned addition, 17 full-time employees will move from Georgetown Road to Hudson Industrial Parkway, and 75 new full-time jobs will be created at the Hudson Industrial Parkway location during the next five years. It is estimated that 15 jobs per year for five years will be brought to the building, equating to $680,000 in additional annual payroll for the next five years.
Council eyes land sale deal
Council on July 28 gave a second reading to a proposal to enter into a purchase and sale agreement with Fleet HQ Partners, LLC for approximately 45 acres of land lat West Executive Parkway and Boston Mills Road. The legislation is slated for a third reading and potential vote on Aug. 4.
The property, opposite the River Oaks subdivision a few thousand feet east of Route 8, was purchased by the city through the Summit County Land Bank in 2018 for $70,800 and the city is selling it for $1.1 million.
The city had in January reached an agreement to sell the property to Premier Commercial Realty Inc., which in turn was planning to sell part of the property to Fleet HQ for an office building, but Premier backed out of the deal over concerns about a large proportion of the land that was unbuildable due to wetlands, according to city spokesperson Jodi Roberts.
Howington said Fleet HQ’s project will bring “at least $200,000 to the schools in additional revenue … this will really help them.”
Reporter Phil Keren can be reached at 330-541-9421, email@example.com, or on Twitter at @keren_phil.