The City of Ravenna took care of the incentive that it offered LG Chem, the largest Korean chemical company, for choosing Ravenna as a place to put its plant and research headquarters. LG Chem is being constructed on Rayann Boulevard.
“It amounts to a return of, once they’re up and running, part of the city income tax that’s paid by the employees who return to the company. It’s a five-year offer,” Mayor Frank Seman said. “We still have to send a copy to the state, but our part is all done. We promised the incentive when we first met with LG Chem.”
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