Fairmount Santrol, Inc., a sand-mining company, is planning on moving its headquarters from Chesterland in Geauga County, Ohio, to Independence in Cuyahoga County, Ohio, according to The Cleveland Plain Dealer.
The Cuyahoga Community Improvement Corp.has recommended that the company be given $500,000 in economic development loans for its proposed new headquarters at 3 Summit Park Rd in Independence. The term of the loan will be seven years. The estimated annual tax benefit from this project is $389,381.
The relocation will bring 79 jobs to Cuyahoga County, including 52 jobs from Fairmount Santrol.