ClevelandDesignCity

LEVELAND, Ohio — The state is awarding a major tax break to Ernst & Young, which plans to move its Cleveland offices from East Ninth Street to the east bank of the Flats.

The Ohio Tax Credit Authority on Monday approved a 75 percent, 10-year tax credit for the accounting firm, for keeping 625 employees in Cleveland as part of the Flats East Bank project. The state said the tax credit, of up to $16.5 million over a decade, is a major factor in Ernst & Young’s decision to stay in Ohio… (go to article)