Twinsburg City Council approved Tuesday a tax incentive agreement with a Hudson company looking to move to Twinsburg and create new jobs.
SMC Design Dynamics, Inc., a company in Hudson that designs and builds medical products, plans to purchase a vacant building at 2374 Edison Boulevard in Twinsburg.
The move would mean a more than $1.1 million investment in Twinsburg, including purchase of the building. The company plans to bring seven full-time and two part-time jobs with it, and has agreed to create 14 new full-time jobs within the first three years of its five-year contract with the city.
In return of its investment and hiring new workers, Twinsburg will pay SMC tax incentive grants for the next five years.
Twinsburg will have to share some of the tax money with Hudson for the first three years since the company is relocating from that city, said Larry Finch, Twinsburg's development director.