American Greetings Headquarters to remain In Ohio

The State of Ohio’s support will allow American Greetings to develop a dynamic headquarters stylishly wrapped around a creative environment, and culture that will improve the Company’s ability to continue to grow within the evolving greeting card industry. American Greetings designs many of its cards and other products at its headquarters. The Company’s need to either renovate or replace its headquarters is driven in part by both the need to provide a stimulating environment that spurs creative thinking and the ability to keep and attract high-skilled, creative talent.

To keep American Greetings in Ohio, the State committed $15 million in loans and $3.5 million in grants. The state legislature also approved of an adjustment to the existing Job Retention Tax Credit program, which has long provided tax credits to many Ohio companies.

The company expects to spend tens of millions of dollars of its own funds on the project.

American Greetings will continue to review sites in northeast Ohio, including its current headquarters in Brooklyn.