A year after this picture was taken in September 2022, Flexjet officially opened its $50 million global headquarters at Cuyahoga County Airport in Richmond Heights. The nearly 51,500-square-foot global operations control center is all glass and acute angles designed to look like aircraft wings on the outside (Google). CLICK IMAGES TO ENLARGE THEM.
MMY nails Ohio job-creation tax credit, too
Two Northeast Ohio job-creation efforts that could result in 1,100 new jobs locally were supported and rewarded by the Ohio Department of Development today with the announcement of Ohio Job Creation Tax Credits.
Global private aviation firm Flexjet LLC and modular housing manufacturer MMY U.S. Inc. were among five projects awarded the tax credits by the state that will create 1,429 new jobs, retain 1,561 jobs statewide, and result in more than $239 million in investments across Ohio.
The announcement was made by Gov. Mike DeWine, Lt. Gov. Jim Tressel, and Ohio Department of Development Director Lydia Mihalik in a press release. Tax credits were awarded by the Ohio Tax Credit Authority (TCA).
During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. The projects are expected to result in more than $93 million in new payroll.
Flexjet said it expects to create 976 full-time-equivalent positions, generating $62.5 million in new annual payroll by Dec. 31, 2031, as a result of the company’s expansion project at Cuyahoga County Airport in suburban Richmond Heights.
Flexjet, owned by investment firm Directional Aviation, has more than 300 aircraft and 4,000 employees worldwide (Flexjet).
Flexjet was founded in 1995 as a division of Bombardier Aerospace Group to provide fractional aircraft ownership, leasing and jet card programs. TCA approved a 1.920 percent, 15-year Job Creation Tax Credit for its expansion.
In 2023, the aviation firm opened a $50 million headquarters and Global Operations Control Center at county airport. It is planning to build a new administrative facility, pilot training center, auditorium and cafeteria as part of its latest expansion.
Another tax credit winner is over in Cleveland’s new Midline Priority Investment Area on the near-East Side. There, MMY U.S. will establish its new American headquarters and manufacturing plant, creating 120 full-time-equivalent positions and $7.1 million in new annual payroll by Dec. 31, 2029.
“Establishing our Cleveland manufacturing operations represents a transformational milestone for MMY US,” said Robin Bartram-Brown, CEO of MMY US in a written statement.
Modular home builder MMY US plans to construct apartments as well as houses, after being named Cleveland’s preferred modular home maker (JobsOhio).
The company recently won Ohio Historic Preservation Tax Credits to aid its $25.7 million renovation of the old Wellman-Seaver-Morgan plant, 7000 Central Ave.
“The Wellman-Seaver-Morgan facility provides the scale, infrastructure, and strategic location needed to significantly expand our manufacturing capacity whilst supporting our mission of delivering high-quality, sustainable, steel-framed modular housing across North America,” she said.
MMY U.S. develops modular building systems designed to accelerate permanent construction, particularly in dense urban environments. TCA approved a 1.392 percent, eight-year Job Creation Tax Credit for the project.
Bartram-Brown said their Cleveland facility will allow the company to service a new geographical area while remaining cost competitive, including utilizing the Port of Cleveland to service customers in Canada.
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