Business & Tech

Hudson Business May Bring $4 Million Payroll to Twinsburg

Print Management Partners in Hudson could bring 40 jobs to the city, creating six more

A printing business in Hudson could be making a new home in Twinsburg soon, according to city officials.

Larry Finch, director of planning and community development, asked city council Tuesday night to approve a new tax incentive that could bring Print Management Partners in Hudson to Twinsburg.

Print Management Partners is an advertising company that offers communications solutions to its clients.

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While council approved the agreement 5-0, Finch clarified that the company hasn't accepted any offers.

"This isn't a done deal yet," Finch said.

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If it does make the move -- which could be decided in the next few months -- the company would bring nearly $4 million in payroll and 40 jobs to Twinsburg, possibly creating six more worth $250,000 over the next three years.

Print Management Partners would move into 2265 Enterprise Parkway for a seven-year lease, with a 25 percent tax cut from the city in the first and final two years and a 50 percent cut for the three years in between.

However, because of an agreement with Hudson, Finch said the city could not offer any deeper incentives. In fact, per the agreement, Twinsburg would be required to share the company's income tax with Hudson for the first five years.

Despite the tax cuts and income sharing, Finch says this move could be great for the city.

“It provides diversification to our tax base," Finch said. "We don’t have too many advertising companies in Twinsburg."

According to Finch, the more diverse industries the city has, the more steady the tax stream will be. By spreading the tax bases across a variety of industrial sectors, if one goes down, it doesn’t hurt the city too much.


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