Kelly Byer CantonRep.com staff writer @kbyerREP

MondayApr27,2020at9:43PMApr27,2020at9:45PM

City Council approved an income tax break in exchange for job creation.

CANTON The city expects Howmet Aerospace to hire as many as 75 new employees in exchange for an income tax break.

"Theyre getting ready to go through a pretty large expansion," Deputy Mayor Fonda Williams told City Council on Monday.

Howmet Aerospace which manufactures engines and transportation components will invest about $9.1 million in new equipment at 1935 Warner Road SE, he said after the regular meeting. The facility currently employs 103 people, and new hires will bring the annual payroll to $5.1 million.

A company representative returned a message seeking comment Monday but did not immediately have additional information.

City Council unanimously approved a 1% tax credit and authorized the mayor or public service director to enter into a job creation agreement with RMI Titanium, a subsidiary of RTI International Metals based in Pittsburgh, doing business as Howmet Aerospace.

Canton will give 1% of the 2.5% city income tax back to the company. It is a 10-year incentive beginning June 1, 2021, which applies to full-time positions paying at least 150% of the state minimum wage.

"Payments will continue each year thereafter so long as the company meets all of the necessary criteria with the final payment being June 2030," Williams' memo states.

Councilman Greg Hawk, D-1, asked what options the city would have if Howmet Aerospace does not create 75 new jobs.

"Theres a callback in all of our agreements," Williams responded.

The deputy mayor also noted that tax incentives are reviewed each year.

Reach Kelly at 330-580-8323

or kelly.byer@cantonrep.com

On Twitter: @kbyerREP

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Howmet Aerospace creating up to 75 new jobs - Canton Repository