The company, now based in Downtown Cleveland, had beenconsidering another site in the city, in the planned$500-million-plus, mixed-use project called the Flats East Bank.However, the company two months ago announced its rejection of thatsite and the selection of the Chagrin location in the suburbs, offInterstate 271, as the preferred property.

A total of $7 million was awarded to 10 companies to help createand retain jobs, said Lt. Gov. Lee Fisher. "Ohio's portfolio ofinnovative companies will expand as a result of their ability toresearch, develop and commercialize products and processes," Fishersaid in a statement.

For the Eaton project, the state has also offered a $17 million,75% job creation tax credit for 15 years and a state income taxcredit of up to $30 million for 15 years. The Cleveland-CuyahogaCounty Port Authority, which would purchase the property for thecompany and lease the space, has been offered a direct loan for$15.5 million, and the Ohio Enterprise Bond Fund has promised aloan for $8.8 million, says a spokesman for the Ohio Department ofDevelopment.