$500,000 Brownfield Remediation Funding to Support the Development of a New Manufacturing Training Center and Headquarters

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Miranda Kortan: (216) 698-2546; mkortan@cuyahogacounty.us

CUYAHOGA COUNTY, OH - Today, the Cuyahoga County Board of Control approved a $500,000 USEPA Brownfield Clean-up Loan to support Manufacturing Advocacy and Growth Network, Inc. (MAGNET) with the Brownfield Remediation of the former Margaret A. Ireland School Building. The USEPA Brownfield Clean-up Loan will assist MAGNET with the environmental remediation of this vacated building, located at 1800 East 63rd Street, Cleveland, Ohio, to remodel and reuse the structure as a new manufacturing training center and entity headquarters.

“We are pleased to assist MAGNET with this USEPA Brownfield Clean-up Loan. EPA Brownfield funding helps boost economic development and job creation in Cuyahoga County,” said Cuyahoga County Executive Armond Budish. “Once this building has been remediated of Asbestos Containing Materials and is ready for redevelopment, it will be repurposed as a headquarters training center and global hub for manufacturing.”

Cuyahoga County’s Brownfield Redevelopment Fund is a revolving loan fund established to help clean up sites contaminated with petroleum and/or hazardous substances. Through the fund, the Cuyahoga County Department of Development awards low-interest loans to encourage redevelopment, reduce neighborhood blight, enhance green space, and create jobs.

MAGNET is part of the National Institute of Standards and Technology (NIST) and Ohio Manufacturing Extension Partnership (MEP) program to support small- medium sized manufacturers. MAGNET recently acquired the former Margaret Ireland school property located in the MidTown Cleveland neighborhood. After this 56,560-square foot, one- and two-story building has been remediated of Asbestos Containing Materials (ACM), MAGNET intends to remodel and repurpose this building as a headquarters training center and global hub for smart manufacturing and create the workforce to power it. This facility will allow companies to learn and experience smart technologies, engage with engineers, and to prototype new products.

The project is expected to create 29 new jobs and have a payroll of approximately $1.5 million annually.