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MegadealsSubsidy Tracker Individual Entry
Company: Sherwin-Williams
Parent Company:
Sherwin-Williams
Subsidy Source: multiple
Location: Ohio
City: Cleveland
County: Cuyahoga
Project Description: HQ retention
Year: 2020
Major Industry of Parent: paints and coatings
Specific Industry of Parent: paints & coatings
Subsidy Value: $151,500,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 3,240
Capital Investment: $300,000,000
Source of Data: The details on the city package were taken from: Robert Higgs, "Cleveland approves incentives to aid Sherwin-Williams development of $300M downtown headquarter, Cleveland.com, March 23, 2020; online at
(click here). The county package was described in: Courtney Astolfi, "Cuyahoga County Council approves $14M Sherwin-Williams incentive package," Cleveland.com, March 16, 2020; online at
(click here). Jobs data is taken from Cleveland City Council announcement on March 23. 2020:
(click here). Jobs and payroll data from Michelle Jarboe, April 6, 2020, "JobsOhio approves $37.5 million in grants for Sherwin-Williams' new HQs and R&D facility," Cleveland.com,
(click here).
Notes: To retain the headquarters of Sherwin-Williams in Cleveland, the city approved about $75 million via 30-year Tax Increment Financing, a $13.5 million construction grant and $11.5 million in job creation grant over 15 years. Separately, Cuyahoga County approved a $14 million grant. The state, via Jobs Ohio, contribution included a $32.5 million economic development grant and $5 million revitalization grant. In return, the company promised to retain 3,100 jobs and create 140 new positions. The package was passed during COVID19 pandemic.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.