Tax Incentives Add to the Bottom Line

New Bremen is a community which has a proven track record working with companies to improve their bottom line. We have experience and success utilizing local tax incentive programs. Using both the Ohio Enterprise Zone Program and the Community Reinvestment Area Program, companies have realized an average annual savings of $67,000 on their real estate tax bill.

 

Safeway Packaging, Inc., manufacturer of corrugated cardboard packaging invested $3.6 million for machinery & equipment and $6.5 million for the construction of a 260,000 sq. ft. manufacturing & distribution center for its new location in New Bremen. The company had also considered a location in Michigan.  By working with Ohio Department of Development, the Village of New Bremen was able put together an Enterprise Zone Agreement which lead to Safeway’s decision to put the facility in New Bremen. The tax abatements negotiated as part of the Enterprise Zone Agreement will result in a savings of $757,000 over a ten year period for Safeway. Safeway brought 90 employees with them to New Bremen, and hired an additional 15-20 within three years.

 

 

Elmwood Of New Bremen, an assisted living community, announced in March 2008 its intention to come to New Bremen.  Owner and Chief Executive Officer, Kathy Hunt, made a presentation to the village council, where she unveiled her plans to build a 60 unit facility on the southeast corner of Amsterdam Road and South Walnut Street.

New Bremen Elmwood offers Assisted Living, Day & Respite Care, and Dementia/Memory Care services. When fully staffed, Elmwood of New Bremen will bring 22 full-time and 23 part-time jobs to our community. Working closely with Elmwood, the State of Ohio, and local school districts, the village was able to put together a package of real estate tax incentives which “closed the deal”. Savings to Elmwood will equal $584,714.