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Westlake Welcomes Equity Trust to the City with Incentives

The financial company will get a tax abatement and other incentives.

It looks like the Equity Trust Company is coming to Westlake.

Westlake City Council approved two ordinances on Thursday night allowing the mayor to enter into agreements with the retirement investments company. The agreements would reward the company for bringing jobs into the city and for updating the building it will inhabit. The company will get a tax abatement. It will also get an incentive for bringing about 250 jobs to the community, Mayor Dennis Clough said. 

“We look forward to working with you as you become members of the Westlake community,” Council President Michael Killeen said to the company’s representatives during Thursday’s meeting.

Equity Trust is looking to retrofit the old Cleveland Clinic building, Clough said. 

The West Shore Sun has more on the proposed incentives and the investment firm’s decision to move

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