COMPAK Inc. Included in 2018 EZ Incentive Deal

Wooster’s 2018 Enterprise Zone Agreement included COMPAK Inc. as a co‑Enterprise, granting a 10‑year, 75% property tax exemption in exchange for new job creation and retention at the 1909 Old Mansfield Road facility. Subsequent amendments and assignments have largely transitioned COMPAK Inc.’s role to COMPAK LLC while preserving the incentive framework.

Scope & details

The full contract record, as filed.

Contract amount

Tax exemption of 75% of real estate taxes on improvements, 10‑year term tied to $1,200,000–$3,500,000 project investment

Contract type

FINANCIAL_SERVICES

Contract term

10 years, commencing with first taxable year for improvements (tax year 2019 through December 31, 2028) with operations obligation through December 31, 2038

Renewal date

2028-12-31

Renewal

The EZ incentive term is fixed through December 31, 2028 with operations obligations through 2038; later amendments modify the identity of the Enterprise and tenant structure without extending the abatement term. COMPAK Inc.’s ongoing role diminishes as obligations and benefits are assumed by COMPAK LLC and Triple J 1909 LLC.

Document type

AgendaPacket

Source document

City of Wooster City Council Agenda Packet May 18 2026

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City of Wooster Agenda Packet 2026-05-18

AMENDED

City of Wooster, Ohio$0May 18, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Wooster?

Compak Inc was awarded this financial services contract by Town of Wooster, as recorded on May 16, 2026. The contract value is Tax exemption of 75% of real estate taxes on improvements, 10‑year term tied to $1,200,000–$3,500,000 project investment.

How much is the Compak Inc contract with Town of Wooster worth?

The Compak Inc contract with Town of Wooster is valued at Tax exemption of 75% of real estate taxes on improvements, 10‑year term tied to $1,200,000–$3,500,000 project investment, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Wooster City Council Agenda Packet May 18 2026 (AgendaPacket), dated May 16, 2026 from Town of Wooster. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Compak Inc hold?

Compak Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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