FINANCIAL_SERVICESAPPROVED

City of Wickliffe Awards Financial Services Contract to Lubrizol Corporation (August 2026)

The City of Wickliffe is entering a 15-year Job Creation and Retention Incentive Agreement with The Lubrizol Corporation, providing annual Job Incentive Payments tied to payroll tax withholdings above a minimum threshold. The incentives, capped between $500,000 and $1,000,000 per year depending on the period, support the redevelopment and expansion of Lubrizol’s Wickliffe headquarters and R&D facilities.

Status
APPROVED
Document date
August 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lubrizol Corporation
Agency
City of Wickliffe · OH

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Job Incentive Payment not to exceed $1,000,000 annually for first 5 years, $750,000 annually for following 5 years, and $500,000 annually for final 5 years, subject to Excess Withholdings calculation
Contract type
FINANCIAL_SERVICES
Contract term
January 1, 2029 – December 31, 2043 (15 years)
Renewal date
2043-12-31
Renewal
Base term is 15 years from January 1, 2029 with no automatic renewal language; termination permitted by Company with 60 days’ written notice and by City if expanded operations have not commenced by Term Commencement. Any future extension or amendment would require a written instrument executed by both parties.
Document type
Agreement
Source document
City of Wickliffe Job Creation and Retention Incentive Agreement 2026-08-23

Related contracts

Other contracts from Lubrizol Corporation.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Wickliffe?

Lubrizol Corporation was awarded this financial services contract by City of Wickliffe, as recorded on August 23, 2026. The contract value is Job Incentive Payment not to exceed $1,000,000 annually for first 5 years, $750,000 annually for following 5 years, and $500,000 annually for final 5 years, subject to Excess Withholdings calculation.

How much is the Lubrizol Corporation contract with City of Wickliffe worth?

The Lubrizol Corporation contract with City of Wickliffe is valued at Job Incentive Payment not to exceed $1,000,000 annually for first 5 years, $750,000 annually for following 5 years, and $500,000 annually for final 5 years, subject to Excess Withholdings calculation, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Wickliffe Job Creation and Retention Incentive Agreement 2026-08-23 (Agreement), dated August 23, 2026 from City of Wickliffe. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lubrizol Corporation hold?

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

View Lubrizol Corporation's profile

What is City of Wickliffe currently buying?

Explore City of Wickliffe's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Wickliffe's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 100,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free