Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with Ball Metal Food Container, LLC. The Ohio Enterprise Zone law O.R.C. Section 5709.62(C) requires the City to enter into a Council-approved agreement between the City and participating companies.
Ball Metal Food Container, LLC is a subsidiary of the Ball Corporation, which is headquartered in Broomfield, Colorado. Ball Corporation and its consolidated subsidiaries, are the world’s leading suppliers of metal packaging to the beverage, food, personal care and household industries, aerospace and other technology industries servicing both the commercial and governmental sectors. The company produces two-piece and three-piece steel food containers and can ends for packaging vegetables, fruits, soups, meat, seafood, nutritional products, pet food and various other products. Ball Metal was founded in 1880 by brothers Frank and Edmund Ball, who borrowed $200 for their uncle, George Harvey Ball (the founder and first president of Keuka College, a small liberal arts college in New York). Soon after, the three other brothers (William, Lucius and George) joined the company. In earlier years, the company was known for its production of glass jars, lids and related products used for home canning. Today, the company employs about 15,000 people worldwide with 35 locations in North America, 17 locations in Europe, 8 locations in Asia and 7 locations in South America.
Ball Metal Food Container, LLC is proposing to invest a total cost of approximately $15 million, which includes $7 million in real property improvements, to expand its existing 352,611 square foot manufacturing facility by 80,000 square feet at 2690 Charter Street. With this expansion, Ball Metal Food Container, LLC will insert three new manufacturing lines to cut and coat steel coils for food and aerosol cans, and manufacture can ends. In addition, the company will create 50 new full-time permanent positions with an estimated...
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