MOUNT VERNON — The closing of the Siemens operation in Mount Vernon will probably cost the city about $1 million in income tax revenue in 2019, plus about $180,000 in water and wastewater rate revenue, city officials told council Monday evening.
Mayor Richard Mavis said he spoke to a Siemens representative Monday, who told him they expect to vacate the site by Sept. 30, but they don’t have a schedule yet of when employees will be transferred or terminated. The company will remain responsible for maintenance and security after the plant is shut down.
He said the Siemens representative told him they believe all the remaining buildings will be desirable for other firms looking to locate here, so this will not be another PPG situation.
Siemens, according to Mavis, plans to complete the renovation of the office building for which a $700,000 JobsOhio grant was obtained, and will repay any of the grant money that was spent on the project.
A spokesperson for JobsOhio told the News no money exchanged hands through the grant.
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