Cleve­land seeks to keep Sher­win-Wil­liams

Antelope Valley Press (Sunday) - - Business -

CLEVE­LAND (AP) — Cleve­land Mayor Frank Jack­son says the city is work­ing to keep Sher­win-Wil­liams from leav­ing town.

The For­tune 500 paint com­pany an­nounced Thurs­day it’s search­ing for a new lo­ca­tion for its global head­quar­ters and re­search- and- devel­op­ment fa­cil­ity.

Chair­man and CEO John Morikis said the com­pany has grown sig­nif­i­cantly over the past sev­eral decades and its cur­rent com­plex is now “a less than op­ti­mal con­fig­u­ra­tion.”

Sher­win- Wi l l i a m s ’ global head­quar­ters has been in Cleve­land for 130 years. It pays the city $15 mil­lion a year in taxes.

Jack­son said he im­me­di­ately en­gaged Cleve­land’s eco­nomic devel­op­ment team to help the city pre­vail in the com­pany’s search. He said he’s as­sured Sher­win-Wil­liams ex­ec­u­tives that Cleve­land will be com­pet­i­tive against other lo­ca­tions in Ohio and other states.

A move isn’t likely to oc­cur be­fore 2023.

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