City of Twinsburg Awards Tax Incentive Contract to FORMTEK (February 2025)
City of TwinsburgCity · Twinsburg, OH- Approved
- Feb 11, 2025
- Term
- 5 years
The 30-second brief
FormTek, Inc. relocating headquarters to Dutton Drive; City approves TOP agreement to provide tax incentives equal to 25% of income tax collected over 5 years, with 91 full-time employees by Dec 31, 2028.
FORMTEK holds this tax incentive contract with City of Twinsburg. Its other public contracts on record include work for Town of Twinsburg.
Term as filed: 5 years.
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Contract details
- Contract type
- Tax Incentive
- Document date
- February 11, 2025
- Term
- 5 years
- Vendor
- FORMTEK
- Agency
- City of Twinsburg
- Source document
- city-of-twinsburg-meeting-minutes-2025-02-11_b36.pdf (Meeting Minutes)
FORMTEK's other public contracts
More City of Twinsburg contracts
Questions about this contract
Who was awarded the tax incentive contract by City of Twinsburg?
FORMTEK was awarded this tax incentive contract by City of Twinsburg, as recorded on February 11, 2025.
What type of contract is this?
This is a Tax Incentive contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-twinsburg-meeting-minutes-2025-02-11_b36.pdf (Meeting Minutes), dated February 11, 2025 from City of Twinsburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does FORMTEK hold?
FORMTEK 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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What is City of Twinsburg currently buying?
Explore City of Twinsburg's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.