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Rep. Robinson announces $70 million in state funds for Sherwin-Williams global headquarters, Brecksville research facility construction

December 28, 2020
Phillip M. Robinson, Jr. News

State Rep. Phil Robinson (D-Solon) celebrates the state Controlling Board approval on Dec. 28, 2020 of a $35 million direct loan to assist in financing of the new Sherwin-Williams Company global headquarters in Cleveland, and a $35 million loan for a new research and development facility in Brecksville.

“It was great news this past February when Sherwin-Williams announced that they would keep their headquarters in Cuyahoga County and bring their Research and Development facilities to District 6 in Brecksville, creating hundreds of jobs. Now, we have more good news with this strategic financial investment that will create thousands of jobs to help construct a state-of-the-art facility,” said Rep. Robinson. “I’m glad the state legislature could do its part to help support job creation with these state funds.”

As a result of this funding, Sherwin-Williams has committed to creating 400 new full-time jobs and retaining 3,524 existing full-time jobs at the project sites, as well as 4,000 construction jobs. The loans will have a term of 25 years with an interest rate of zero percent.

The headquarters will be located at Public Square West, between St. Clair and Superior, Cleveland, Ohio 44113. The research facility will be located at 1000 Brecksville Road, Brecksville, Ohio 44113. Further details about the loan can be found on the Controlling Board’s agenda.