the old GE Distribution Plant in Ravenna will soon become Boston Retail Products, bringing 45 jobs to the Ravenna site.
Find out more: GE Distribution site sold:Industrial Commercial Properties development company buys GE Ravenna warehouse
The Company, based in Medford, Massachusetts, received a 1.232% job creation tax credit over six years from the Ohio Tax Credit Authority for the project. The business is expected to open in the fall, said Brad Ehrhart, chairman of the Portage County Development Board.
Ravenna Mayor Frank Seman said the company will use two-thirds of the 420,500-square-foot building and combine factories in Boston and Youngstown. The company signed a 20-year lease, he said.
“They intend to stay,” he said.
Boston plans to create 45 full-time positions, generating $2.25 million in new annual payroll and retaining $1.2 million in existing payroll through the company’s new Ravenna project.
Boston Group designs and manufactures custom metal and plastic displays, fixtures, and display protection for retail stores, hospitals, and pharmacies.
Solon’s Industrial Commercial Properties bought the site last year, six months after GE closed the distribution center, which employed around 40 people. The same commercial real estate development company is redeveloping Chapel Hill Mall and the former Geauga Lake property.
GE Lighting’s 420,500 square foot warehouse/distribution building is located on 37.5 acres at 150 Loomis Parkway in Ravenna. The land is on the north side of town, with close access to State Route 14. It is separate from the GE plant at 6800 N. Chestnut St., which closed in 2014. This facility was purchased by Ray Harner, who became property in the chestnut shopping center.
Journalist Diane Smith can be reached at 330-298-1139 or [email protected]