Greenwood Pays $330K for Fitch Naming Rights
AUSTINTOWN, Ohio – Greenwood Chevrolet has reached a 10-year, $330,000 naming rights agreement with the Austintown Local School District that changes the name of the Austintown Fitch High School stadium to Greenwood Chevrolet Austintown Falcon Stadium.
The agreement, arranged by Hunter Sports Marketing of Cleveland, was approved last night by the district’s school board.
“Schools and businesses are finding out that working together on mutually beneficial partnerships has an exponential effect on not only the school but also gives the company deep roots into the community that they’re serving,” said Larry Jaeger, president of Hunter Sports Marketing, in a prepared statement.
Greenwood Chevrolet will pay the district $165,000 when the contract is signed, and the remaining $165,000 in five years.
“It’s a privilege to partner with Austintown Local Schools,” said Greg Greenwood, owner of Greenwood Chevrolet. “It’s our way of making a commitment to the community we serve and a decision we make from the heart.”
Family-owned Greenwood Chevrolet, 4695 Mahoning Ave., is Ohio’s largest Chevrolet dealer and one of the largest in the nation.
Our district is very appreciative of the relationship we have with Greenwood Chevrolet,” says Kathy Mock, president of the board of educaiton. “We are excited to have them as the sponsor of our stadium. The revenues generated from the naming rights sponsorship will allow us to do so many great things for the students of Austintown.”
Copyright 2020 The Business Journal, Youngstown, Ohio.