Tuesday, May 21, 2019 Medina 50°
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Medina touts $154 million in economic investment

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MEDINA — The city saw $154 million in commercial and industrial growth in 2018, up considerably from the $116 million in 2017.

The investment included 26 new businesses, 24 business expansions and 32 business renovations, according to a yearend report issued this week by the Medina Economic Development Office.

In the new businesses, 271 employees were hired, amounting to $117 million in investment. Expanding businesses added 46 new employees, about $15 million in investment.

Among new businesses:

  • 17 Public Square Restaurant and Bar;
  • Aldi’s, 1180 N. Court St.;
  • Aspen Dental, 941 N. Court St.;
  • Kay Jewelers, 1207 N. Court St.;
  • Ravago Americas LLC, 5192 Lake Road.

Those that expanded included ABC Supply, which acquired a new building at 1035 Industrial Parkway, doubling the size of its former location.

Medina Meadows Nursing Home broke ground on a 28,802-square-foot addition and BPR Rico completed a 16,320-square-foot manufacturing addition.

Several businesses also went through renovations, which added one new job and $20 million in investment.

Medina Mayor Dennis Hanwell chalks up the promising numbers to the city’s “pro-business model and programs, as well as word of mouth of other business owners here talking about dealing with the city and assistance we are providing.’’

“Many of our processes are much more business-oriented and timely to get their projects done on time.”

Hanwell said he’s very encouraged by the numbers and sees “more and more opportunities to continue to add to our tax base.”

Building Department

The report also highlighted the work of the city’s Building Department as total construction in the city hit an all-time high.

The city received several large-scale commercial projects in 2018, including seven additions, which totaled 61,015 square feet; eight new businesses, which totaled 647,496 square feet; and 48 alterations, which totaled 148,657 square feet.

There was $62 million in commercial construction and $5.6 million in residential for a total of $67.8 million. That was an increase of almost $12 million from 2017 and an increase of $46.2 million from 2016.

Revenue generated from permits is surging. Commercial permits brought in $426,000, residential $65,000, contractor registration $85,000 and code enforcement $15,000 for a total of $591,000. That was considerably more than 2017’s $481,000 and 2016’s $359,000.

Contact reporter Bob Finnan at rfinnan@medina-gazette.com.
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