BROOK PARK

Home to the NASA Glenn Research Center and located within fifteen minutes of downtown Cleveland, Brook Park benefits from its strategic position with easy access to major interstates and Cleveland Hopkins International Airport.

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THE CITY OF BROOK PARK

Brook Park is proactive in its pursuit of economic prosperity through a myriad of initiatives aimed at business retention and attraction. As a Pre-1994 Community Reinvestment Area (CRA) community, the city benefits from favorable investment and lending opportunities aimed at revitalizing and enhancing local economic development. Its tax abatement program and the Opportunity Zone are a further testament to its business-friendly climate, providing lucrative incentives for property enhancements.

Recent strides include the unanimous approval for the sale of land to Blue Abyss, a British company set to invest roughly $250 million in a space research and astronaut training facility. This project, located near the NASA Glenn Research Center, is expected to create over 100 jobs and draw significant tourist attention, reinforcing Brook Park’s role as a hub for innovation and economic vitality. Further, its Forward Innovation Center, expanding on the former Ford property, is poised to attract significant commercial investments and bolster the city’s economic footprint.

The city is not only fostering economic development but also ensuring its infrastructure supports such growth. The $3.5 million SR-237/Berea Freeway bridge overhaul, funded by the Ohio Department of Transportation, epitomizes Brook Park’s dedication to maintaining and upgrading its transportation network. The construction of the Wedo Park retention basin also illustrates the city’s commitment to enhancing stormwater management, funded through a cost-share program with the Northeast Ohio Regional Sewer District.

Brook Park’s proximity to Cleveland Metroparks, which contributes significantly to the local economy and enhances the quality of life, offers excellent recreational opportunities and has been found to attract talented workers, making it an ideal location for businesses looking to draw and retain top talent in the region.

Edward Orcutt

Mayor, City of Brook Park

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Paul Marnecheck

Economic Development Commissioner

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BROOK PARK BY THE NUMBERS

Choosing the Aerozone means more than just finding a new location for your business. It’s about becoming part of a dynamic community that’s at the forefront of innovation and growth.

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ECONOMIC INCENTIVES

Brook Park is proactive in its pursuit of economic prosperity through a myriad of initiatives aimed at business retention and attraction.

Pre-1994 Community Reinvestment Area (CRA): Provides favorable investment and lending opportunities aimed at revitalizing and enhancing local economic development, which can be particularly advantageous for businesses looking to establish or expand.
Tax Abatement Program: Offers reductions on taxes for eligible businesses and residents, as part of the city’s broader strategy to enhance its tax base and create employment opportunities through business retention and attraction.
Opportunity Zone: Provides significant tax incentives for investments in designated low-income areas. This federal initiative encourages economic development and revitalization by offering tax benefits to investors who invest new capital into businesses operating within these zones.