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Cleveland Vows to Fight to Keep Sherwin-Williams

The Fortune 500 paint company's global headquarters has been in Cleveland for 130 years. It currently pays $15 million in annual taxes.

Sherwin Williams

CLEVELAND (AP) โ€” Cleveland Mayor Frank Jackson says the city is working to keep Sherwin-Williams from leaving town. The Fortune 500 paint company announced last Thursday it's searching for a new location for its global headquarters and research-and-development facility.

Chairman and CEO John Morikis said the company has grown significantly over the past several decades and its current complex is now "a less than optimal configuration." Sherwin-Williams' global headquarters has been in Cleveland for 130 years. It pays the city $15 million a year in taxes.

Jackson said he immediately engaged Cleveland's economic development team to help the city prevail in the company's search. He said he's assured Sherwin-Williams executives that Cleveland will be competitive against other locations in Ohio and other states.

A move isn't likely to occur before 2023.


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