OTHERAPPROVED

City of Wooster Council Meeting Agenda March 16, 2026

Wooster Approves Tax Incentive Deal for Compak LLC Warehouse

Estimated value $1,150,000 to $1,900,000 in tax abatements (approx. $10,000,000 capital investment)City of WoosterCOMPAK LLCMarch 16, 2026

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Description

The City of Wooster approved a Community Reinvestment Area (CRA) agreement with Compak, LLC, providing a 75% real estate tax abatement for 10 years—valued at approximately $1.15MM to $1.9MM—to support the construction of a new warehouse facility with a $10MM capital investment. The deal requires Compak, LLC to retain 27 jobs and create 10 new positions within three years.

Contract Details

Contract Amount

Estimated value $1,150,000 to $1,900,000 in tax abatements (approx. $10,000,000 capital investment)

Vendor

COMPAK LLC

Agency

City of Wooster, OH

Contract Type

OTHER

Document Date

March 16, 2026

Contract Term

10 years (tax abatement at 75%)

Renewal Date

2036-05-31

Renewal Info

10-year initial abatement; job and payroll commitments extend for 20 years beyond the abatement term; ordinance allows standard renewal/extension mechanisms as determined by the Mayor's discretion.