continued to thrive in 2020, according to Brent Painter, the city’s director of economic development. Overall, the four business parks had a 95 percent occupancy rate, while the largest park – the Strongsville Business & Technology Park, commonly referred to as the Foltz Industrial Park – achieved a robust 97 percent occupancy rate, Painter reports.
Investment in the city strengthened in 2020, revenue from Building Department permit fees increased by 26 percent – to just short of $1 million – compared to 2019.
According to CoStar, a provider of commercial real estate information, analytics and online marketplaces, a national provider of commercial real estate information and analytics, the Strongsville/North Royalton region bested its Cleveland Area Industrial Market peers with an average market rent rate of $6.61 per square foot, topping Westlake/Rocky River ($6.40) and Solon ($6.19), Painter noted. In comparison, the overall average for the Cleveland area was $5.51 per square foot. “One reason why Strongsville business parks are so attractive is our strategic location,” Painter explains.
“The Ohio Turnpike and I-71 intersect in our city, providing excellent access to the entire country, and the airport is just minutes away.”
But the makeup of the community itself, Painter says, also makes it attractive to businesses looking to start up or relocate. “Businesses need to be assured that they have access to a quality talent pool,” he says. “Offering a high quality of life and abundant amenities - like ample retail and service options and recreational areas like the
OPEN FOR BUSINESS:
A bird's eye view of Strongsville's iconic water tower and local businesses beyond; signage for Foltz Park, just one of the four business parks located within Strongsville; the ribboncutting ceremony (left) for City Barbeque in June, 2020.
The Engine of Economic Growth
Major projects in progress in the city’s business parks in 2020 included:
Union Home Mortgage continued to expand and redevelop its national headquarters in the Dow Circle Research & Development Park, creating as many as 450 new jobs.
Infinium Wall Systems began construction of a new, expanded corporate headquarters with manufacturing and distribution operations, creating about 60 new jobs.
The Pipe Line Development Company (PLIDCO), purchased the former Sumitomo Demag manufacturing facility to relocate its corporate headquarters to Strongsville, bringing about 100 jobs.
Shanghai Oriental Magnetic Card Engineering Co. (OMEC) relocated its manufacturing operation in Strongsville, creating about 200 jobs.
Great Lakes Brewery established a new canning operation and distribution center in Park 82. Viccarone HVAC constructed a new corporate headquarters.
Wayfair, an e-commerce furniture and home goods seller, established a new distribution center.
MedWaste Ohio purchased a former Foundation Software facility in the Strongsville Business & Technology Park to process and clean medical devices and equipment.
The retail and service sector continued to expand, particularly changing the landscape of the northern portion of Route 42. Along with the redevelopment of the old La Siesta motel site into a Starbucks and a Burger King, and the replacement of the old Jennifer’s restaurant with a Culver’s casual family restaurant, Discount Drug Mart purchased a parcel of land in front of the Lowe’s home improvement store to build its second Strongsville location.
“The north end of town has generated a lot of interest over the last couple years, which we’re thrilled about, and we expect that to continue,” Painter says. “It was nice to see Jennifer’s Restaurant relocate and stay in the city.”
7 Continued from page 11 Cleveland Metroparks - help to ensure that the city is a desirable community for talented people to settle into.”
Painter says the city government and local businesses were resilient during the pandemic. Many Strongsville businesses benefited from the help of the federal Paycheck Protection Program (PPP) relief program. In 2020, more than 700 Strongsville businesses received PPP assistance. The bulk of them – more than 625 – received $150,000 or less, while six companies each received between $2 million and $5 million.
The city government, Painter says, helped to facilitate some of that assistance.
“Once we identified that this was going to be a tough economic climate, we couldn’t be the direct source of funding, but we tried to serve as a middleman to help connect businesses to the funding organizations,” he says. “In a lot of cases the banks that disbursed the PPP were overwhelmed, and we were able to get businesses to the right people who could expedite their applications.”