Fairmount Santrol relocating headquarters to Cuyahoga County
Wednesday, May 30, 2018
Fairmount Santrol, Inc., a sand-mining company, is planning on moving its headquarters from Chesterland in Geauga County, Ohio, to Independence in Cuyahoga County, Ohio, according to The Cleveland Plain Dealer.
The Cuyahoga Community Improvement Corp.has recommended that the company be given $500,000 in economic development loans for its proposed new headquarters at 3 Summit Park Rd in Independence. The term of the loan will be seven years. The estimated annual tax benefit from this project is $389,381.
The relocation will bring 79 jobs to Cuyahoga County, including 52 jobs from Fairmount Santrol.
Learn more: The Cleveland Plain Dealer > Fairmount Santrol another step closer in moving headquarters to Independence
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.