Cuyahoga Falls -- State 8 Motorcycles owner can rest easy knowing City Council on Monday, Feb. 13, unanimously approved his request for a tax exemption agreement on his proposed expansion project.
On Feb. 6, Diane Sheridan, the city's director of community development, told Council State 8 owner Richard "Kirk" Compton needs more space and was considering expanding his Cuyahoga Falls business or relocating to Medina where he has a second location.
The proposed expansion project at 95 Cuyahoga Falls Industrial Parkway calls for an increase in space by 18,000 square feet, Sheridan said, at a cost of $1.1 million. The total new investment will be more than $2.4 million, she added.
State 8 currently has 39 full-time and five part-time employees with an annual payroll of $1.92 million. "If the abatement is granted," Sheridan said, "State 8 will hire five full-time and four part-time employees resulting in an increase in annual payroll of $310,000."