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Entries for category:   Regional Updates

 
Apr 17, 2014

Youngstown Initiative Committee defers $100,000 grant for DNV Energy pending discussions with the City of Campbell
 

The Youngstown Initiative Committee recently approved financial assistance for four enterprises while deferring a decision "regarding a fifth application from DNV Energy LLC, an offshoot of Youngstown Pipe and Supply Co.," The Business Journal reports. The company wants $100,000 from the city to "purchase equipment and machinery, and to cover computer networking costs" related to its $1.15 million expansion project, which is projected to "create 11 jobs over a three-year period, six full-time and five part-time positions." Complicating matters for the DNV Energy LLC incentive is the fact that "the building straddles land in Youngstown and Campbell." The company received a $100,000 grant to move into the building in 2008, and the cost of the incentive and the tax revenues were shared between Youngstown and Campbell, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Apr 16, 2014

National settlement with mortgage servicers funds unprecedented rate of demolition and reclamation across Ohio
 

An "unprecedented rate of demolition is happening all across Ohio" as communities make sweeping efforts to "tear down blighted buildings and build back neighborhoods," Cincinnati.com reports. The efforts are funded by the more than $75 million the counties received for these efforts as part of the state's share of a "$25 billion national settlement with mortgage servicers stemming from the housing collapse." In Hamilton County alone, "more than 526 vacant homes and apartment buildings have been torn down in the past 18 months." For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates  State Updates   |   Permalink

 

Apr 14, 2014

Auto industry investing heavily in Ohio after the Great Recession
 

As the auto industry rebounds from the Great Recession, auto manufacturers have "poured nearly $1.8 billion into Ohio plants recently," the Dayton Daily News reports. In just the past three years, Honda, Ford Motor Co., Navistar and General Motors have announced major investments in their Ohio operations. Experts attribute the new investments to several factors – "increasing demand from consumers, recent union contracts, and streamlined manufacturing and distribution processes that make it more cost-effective to produce vehicles and parts in the state." The industry now employs approximately 2,000 more in Ohio than it did in 2009, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Apr 08, 2014

Johnna Reeder of Duke Energy named CEO of REDI Cincinnati
 

The Cincinnati USA Partnership was recently re-engineered to become the economic development initiative REDI Cincinnati, the Cincinnati Business Courier reports. Chief executive of this new entity is Johnna Reeder, who is assuming the position after most recently serving as the head of economic development operations at Duke Energy. In its previous incarnation, the economic development entity was part of the Cincinnati USA Regional Chamber (See our Oct 5, 2013, blog post for more information). Last month, executives announced that it would be restructured and rebranded under the new name, Cincinnati.com reports. For more, read the full Cincinnati Business Courier and Cincinnati.com stories.


 
Posted by R. McCarthy in  JobsOhio/ODSA  Regional Updates   |   Permalink

 

Apr 04, 2014

Seeing demonstrated progress, Ohio Controlling Board votes to release funding to Rocket Ventures
 

After agreeing in 2012 to withhold 2014 funding for the Toledo-based venture capital firm Rocket Ventures LLC, the Ohio Controlling Board recently unanimously approved the Ohio Third Frontier Commission's request to release the taxpayer-guaranteed bond money for the entity, The Blade reports. An independent evaluation in 2012 criticized the firm's "success rate in nurturing start-up companies, a perceived inexperience in product commercialization, and a lack of regional collaborators," which led the board to provide $1 million for 2013, but withhold 2014 funding until improvement was demonstrated. Since that time, the Ohio Development Services Agency (DSA) has expressed satisfaction with the entity's direction. In addition to severing its ties with the University of Toledo, Rocket Ventures has also "solidified its partnership with the Regional Growth Partnership as it seeks to demonstrate more of an 18-county northwest Ohio approach," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  JobsOhio/ODSA  Regional Updates  State Updates   |   Permalink

 

Apr 03, 2014

Critics decry Cleveland Heights City Council's use of a tax abatement for Turkey Ridge housing
 

Cleveland Heights city officials promised to do more next time to inform the public about a tax deal before closing on it, The Plain Dealer reports. In March, the city council approved a 100-percent tax abatement for up to 15 years for new housing and house repairs of existing homes within the area known as Turkey Ridge. The 6-1 vote established the Turkey Ridge Community Reinvestment Area with critics on hand to decry passing the abatement for what they described as "one of the wealthiest and most stable neighborhoods of Cleveland Heights," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Apr 02, 2014

Lake County launches marketing campaign to distinguish itself in the Greater Cleveland area
 

Seeking to stand out in Cuyahoga County and Greater Cleveland, the Lake County Ohio Port and Economic Development Authority recently launched a bold advertising campaign featuring high-profile images of the county's attractions on five county buses, Crain's Cleveland Business reports. At a cost of approximately $105,000, these Laketran buses will promote Lake County for the next year as they shuttle commuters to downtown Cleveland and Ohio City. It is anticipated that the buses will be viewed by 25 million people in the next 12 months. In addition to the marketing strategy involving buses, the port is also "readying a new website focused on reaching ... site selection professionals to promote economic development," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Apr 01, 2014

Bricker & Eckler releases updated chart tracking Ohio’s oil and gas-related economic development
 

The evolution of Ohio's shale boom has moved beyond the rush to lease oil and gas mineral rights and into the midstream and downstream phases that involve the storage, transportation and processing of oil, natural gas and natural gas liquids. Attorneys in Bricker & Eckler LLP’s Shale Task Force recently updated a chart that seeks to quantify the impact that the shale boom has had on economic development throughout Ohio. For more, access the chart.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Mar 28, 2014

Shale Industry’s Impact on Your Finances Seminar on April 25
 

Bricker & Eckler LLP along with the Marietta Area Chamber of Commerce present Shale and You: How the Shale Industry Can Impact Your Finances, a seminar on April 25 from 8:00 a.m. to noon at Washington State Community College.

Presentations and panel discussions will discuss general economic development as a result of the shale industry, personal finances and estate planning in the world that shale built and how to break into or work alongside the shale industry.

There is no cost to attend. For registration and contact information, please visit the MACC website.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates  State Updates   |   Permalink

 

Mar 27, 2014

JobsOhio begins releasing new monthly financial reports on its economic development projects
 

Earlier this month, the private nonprofit corporation JobsOhio published on its website its first monthly report on "full executed projects," The Plain Dealer reports. The first report came after the economic development entity began "making economic distributions of its own, in addition to recommending projects for state approval." As a private entity with a revenue stream coming from the state's wholesale liquor profits, JobsOhio also features several other documents on its website aimed at providing transparency and accountability to its operations, the article said (See our Nov 5, 2013, blog post – "Audit reveals JobsOhio raised $188 million last year leasing the state's wholesale liquor profits"). For more, read the full story.


 
Posted by R. McCarthy in  JobsOhio/ODSA  Regional Updates  State Updates   |   Permalink

 

Mar 26, 2014

Ohio's unemployment rate dropped to 6.5 percent in February
 

According to data released by the Ohio Department of Job and Family Services (ODFJS), Ohio's seasonally adjusted unemployment rate for February was 6.5 percent – a 0.4 percent drop from its January rate of 6.9 percent. The U.S. unemployment rate increased from 6.6 percent in January to 6.7 percent in February, which is down from 7.7 percent in February 2013. The number of unemployed workers in Ohio decreased by 18,000 from 395,000 in January to 377,000 in February. During that time, the state's nonagricultural wage and salary employment decreased by 4,600 from a revised 5,284,600 in January to 5,280,000 in February. For more, read the full news release and access the Current Civilian Labor Force Estimates.


 
Posted by R. McCarthy in  Federal Updates  Regional Updates  State Updates   |   Permalink

 

Mar 25, 2014

Whirpool Corp. announces $40 million investment expected to add 400 jobs to the Dayton area
 

The Whirpool Corporation recently announced a new $40 million investment that will double the size of the company's Greenville operations, which are focused on small appliance manufacturing. The project will add approximately 400 jobs over the next four years to the Dayton region. In addition to their eponymous brand, Whirpool also manufactures and markets products including Maytag, KitchenAid and others. For more, read this full Dayton Development Coalition news release.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Mar 24, 2014

Guernsey County officials are confident that new hotel projects driven by the oil and gas boom will be sustainable in the long run
 

Officials for the Cambridge-Guernsey County Community Improvement Corporation and the Guernsey County Port Authority are confident that the several hotel projects lined up in the region as a result of the oil and gas boom are going to be sustainable in the long run, according to The Daily Jeffersonian. Even with campgrounds, fairgrounds and a marina extending their availability to oil and gas workers, a major room shortage still exists for the area. A new Sleep Inn & Suites recently opened, while a Microtel and Holiday Inn Express are under construction and a Fairfield Inn is in the planning stages. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Mar 21, 2014

Catacel Corp. in Ravenna is proving an economic development success story
 

After receiving two rounds of funding from JumpStart as well as several grants from Ohio's Third Frontier program, Catacel Corp. in Ravenna reported "$2 million in sales in 2012 and $3 million last year" and is "on target to bring in $5 million this year," The Business Journal reports. The facility produces "high-performance, heat-exchanging structured catalysts used in hydrogen production, fuel cell and advanced energy applications." The company grew into a larger facility last September and is planning to increase its workforce of 30 by six this year, the article said. For more, read the full story.


 
Posted by R. McCarthy in  JobsOhio/ODSA  Regional Updates   |   Permalink

 

Mar 19, 2014

Auto parts supplier to create 150 jobs at a planned $50 million manufacturing plant in Monroe
 

Auto parts supplier UGN recently announced that it will break ground in April on a new, $50 million manufacturing plant in Monroe that is expected to create 150 jobs, the Cincinnati Business Courier reports. The facility is "contingent upon final approval of state and local incentives." Beginning in 2015, the 206,400-square-foot facility is expected to generate more than $7 million in wages and payroll. It will manufacture carpet and underfloor technologies for use in Japanese-produced automobiles, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Mar 17, 2014

Ohio's unemployment rate dropped to 6.9 percent in January
 

According to data released by the Ohio Department of Job and Family Services (ODFJS), Ohio's seasonally adjusted unemployment rate for January was 6.9 percent – a 0.2 percent drop from its December rate of 7.1 percent. The U.S. unemployment rate dropped from 6.7 percent in December to 6.6 percent in January, which is down from 7.9 percent in January 2013. The number of unemployed workers in Ohio decreased by 16,000 from 411,000 in December to 395,000 in January. During that time, the state's nonagricultural wage and salary employment increased by 16,700 to 5,285,600. For more, read the full news release and access the Current Civilian Labor Force Estimates.


 
Posted by R. McCarthy in  Federal Updates  Regional Updates  State Updates   |   Permalink

 

Mar 11, 2014

Dayton Daily News investigation questions the transparency of the publicly funded Dayton Development Coalition
 

A recent Dayton Daily News investigation takes issue with the fact that the nonprofit regional economic development entity the Dayton Development Coalition "does not release its annual budgets, conflict of interest policies or financial statements" despite having received roughly 60 percent of its revenue from public sources since 2004. This totals $64.5 million in local, state and federal tax dollars. The coalition assumed more power and a new source of funding when it was designated as JobsOhio West in 2011. Despite this, the newspaper concludes that the entity "operates in such secrecy that it is virtually impossible to gauge how successful it is in bringing jobs and investment to the region or how wisely it spends the public's money," the article said. Local officials that support the coalition point to several economic development projects that it has helped bring to fruition; however, the newspaper maintains that many of the job-creation statistics associated with such projects are inflated. For more, read the full story.


 
Posted by R. McCarthy in  JobsOhio/ODSA  Regional Updates   |   Permalink

 

Mar 10, 2014

Plans for a streamlined building permitting office in Cincinnati are put on hold
 

A plan to create a streamlined building permitting office in Cincinnati has been put on hold indefinitely as a court case over rules for sewer projects plunges relations between Hamilton County and the city to a "new low," Cincinnati.com reports. The effort is among several collaborations across Ohio to have developed as a result of Gov. John Kasich's push for local governments to "save money and serve consumers better" by consolidating and collaborating on services. Although the city and county created a committee to help share services, the county approved the agreed-upon $100,000 for the effort, while the city never did. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Mar 07, 2014

City of Heath approves five-year economic development agreement with German automotive supplier xperion
 

The Heath City Council and the German automotive supplier xperion Energy & Environment USA LLC recently finalized a five-year economic development agreement in which the company "will manufacture composite tanks for compressed natural gas applications in a 50,000-square-foot facility under construction at the Central Ohio Aerospace and Technology Center campus," the Newark Advocate reports. Effective January 1, 2015, the deal "provides the company a five-year, 50-percent tax credit applied to its business profit tax" with the agreement that the  company will create about 59 full-time equivalent positions by December 31, 2016. The payroll during the five-year period is expected to total almost $4.9 million. The Ohio Tax Credit Authority recently approved a seven-year, 50-percent job creation tax credit for the project, as well (See our Nov 6, 2013, blog post for more information). For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Mar 06, 2014

Medina County Common Pleas judge allows incoming trustees to rescind a settlement involving development zoning
 

A Medina County Common Pleas judge recently agreed that a settlement reached in December 2013 between township trustees and two property owners is "no longer valid or before the court for reconsideration," the Akron Beacon Journal reports. After seeking for years to have their 105-acre parcel rezoned for business development, Timothy and Linda Kratzer filed suit last year. Township trustees approved a controversial settlement that included "paying the Kratzers $15,000 and opening up the land for business development." New trustees who took office in January 2014 rescinded the deal. Cases brought forth by the Kratzers involving the constitutionality of the township's zoning classifications and "an appeal over whether the township improperly denied them a variance" will continue, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Legal Developments  Regional Updates   |   Permalink

 

Mar 04, 2014

Cincinnati USA Regional Chamber's Minority Business Accelerator launches its $1.7 million GrowthBridge Fund
 

The Cincinnati USA Regional Chamber's Minority Business Accelerator (MBA) recently announced the launch of the first phase of funding for its L. Ross Love GrowthBridge Fund, which will "provide debt capital to finance growth projects of established, highly competitive, African American- and Hispanic-owned firms in the region," The Cincinnati Herald reports. Since the fund was announced in June 2013, it has "raised more than $1.7 million from 28 investors representing both corporations and private commitments." Fundraising will continue until July 31st to "secure a goal of at least $2 million," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Professional Associations  Regional Updates   |   Permalink

 

Mar 03, 2014

$60 million upgrade at DMAX's Moraine facility provides five years of job security for more than 500 employees
 

DMAX Ltd., a diesel truck engine manufacturer operated as a joint venture between General Motors and Isuzu, recently announced that it will invest $60 million in its Moraine plant in Montgomery County, the Dayton Daily News reports. The plant modifications reflect an effort to stay ahead of the U.S. Environmental Protection Agency's (EPA) new, 150,000-mile tier III emission standards. DMAX President and COO Maho Mitsuya said the upgrades mean "job security for at least five more years for this plant," which currently employs more than 500. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Feb 27, 2014

Western Reserve Port Authority approves $10,000 in funding to apply for a federal advanced manufacturing designation
 

The Western Reserve Port Authority recently approved spending up to $10,000 to prepare an application to be one of 12 "Investing in Manufacturing Communities Partnership" designations made by the U.S. Economic Development Administration (EDA), The Business Journal reports. If approved, the designation would provide the seven-county region encompassing Ashtabula, Columbiana, Mahoning and Trumbull counties in Ohio, as well as Beaver, Lawrence and Mercer counties in Pennsylvania, with "preferential treatment for funding from 13 federal agencies" to promote an advanced manufacturing sector in the region. The application is due March 14th, and a decision is expected mid-May or later. For more, read the full story.


 
Posted by R. McCarthy in  Federal Updates  Regional Updates   |   Permalink

 

Feb 27, 2014

Ohio House of Representatives passes Sub. H.B. 289 to phase out JEDZs
 

On February 26th, the Ohio House of Representatives passed Substitute House Bill 289. If also passed by the Senate and signed into law, the bill would phase out Joint Economic Development Zones (JEDZs), a statutory creature relied upon by many local communities to promote economic development by drawing upon municipal and township cooperation.

Unlike prior versions of the legislation, however, Sub. H.B. 289 does not substantially affect Joint Economic Development Districts (JEDDs).  Among other things, the new version eliminated provisions that would have required written consent of each property owner and lessee in territory proposed to be included within a JEDD and that would have imposed territorial contiguity and revenue use restrictions with respect to JEDDs (See our Nov 1, 2013, blog post for more information).

As passed by the House, Sub. H.B. 289 would eliminate the authority of municipalities and townships to create JEDZs, effective January 1, 2015. It also would de-authorize the renewal of existing JEDZ contracts after December 31, 2014. The bill further requires the contracting parties of existing and proposed JEDZs to create a review council to monitor the performance of the JEDZ. The county auditor, an economic development organization representative, a member of the public and the owners of the four largest businesses within the territory (measured by number of employees) would make up the seven-member review council. They also would have authority to approve any new JEDZ contract or substantial amendment to a JEDZ contract before it could take effect. Finally, Sub. H.B. 289 provides specific authority for owners or employees of two or more businesses jointly to bring a suit to invalidate or suspend the income tax in a JEDZ.

For more about Sub. H.B. 289, read this Cincinnati.com article. For more information about the prior version of the bill, read this Bricker & Eckler publication.


 
Posted by R. McCarthy in  Financial Incentives  Legal Developments  Regional Updates  State Updates   |   Permalink

 

Feb 26, 2014

New study assesses the potential economic impact of the proposed ASCENT petrochemical complex in West Virginia
 

A new study presented yesterday to the West Virginia House of Delegates' Gas Works W.V. Caucus estimates that the proposed petrochemical complex ASCENT (Appalachian Shale Cracker Enterprise) would have an economic impact of more than $2 billion during the four-year construction process alone, the Parkersburg News and Sentinel reports.  In November, W.V. Gov. Earl Ray Tomblin announced that international petrochemical company Odebrecht plans to build an ethane cracker and three polyethylene plants in Wood County, W.V. (See our Feb 2, 2014, blog post for more information). The study, titled "Building Value from Shale Gas: The Promise of Expanding Petrochemicals in West Virginia," was funded by Brasken America, which is owned by Odebrecht, and was authored by Tom S. Witt, PhD, chief economist for Witt Economics LLC and professor emeritus and former director of West Virginia University's Bureau of Business and Economic Research. The study did not focus on Wood County specifically, but "looked at the construction of a hypothetical $3.98 billion cracker plant and associated polyethylene plants that would use materials generated by the cracker" in West Virginia, the article said. Among the wealth of statistics presented, the study concludes that construction would result in a total of 24,118 direct, indirect and induced jobs for a total employee compensation of $1.116 billion. The total employment for operation of the plant, including direct, indirect and induced jobs, would be 2,088 with a total compensation of $116 million. Total annual output at start-up would be $764 million, with total annual output at full operation reaching $840 million. The cracker and polyethylene plants would employ 325 at full operation. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Feb 25, 2014

Local leaders in eastern Ohio consider the overall impact of shale development to be positive
 

The Ohio University Voinovich School of Leadership and Public Affairs on Monday released the primary findings from its 2013 Ohio Shale Development Community Impact Survey, which it mailed at the end of July 2013 to local officials in the following 17 eastern Ohio counties: Belmont, Carroll, Columbiana, Coshocton, Guernsey, Harrison, Holmes, Jefferson, Mahoning, Monroe, Muskingum, Noble, Portage, Stark, Trumbull, Tuscarawas and Washington (See our Feb 18, 2014, blog post for more information). Of the 540 surveys mailed, a total of 227 responses were received (42 percent). Thirty-six respondents were excluded from analysis due to incomplete responses. Respondents included 66 mayors and city managers (34.6 percent); 16 county commissioners (8.4 percent) and 109 township trustees (57.1 percent). While the impacts of shale development are being felt across eastern Ohio, it is "particularly acute in counties where respondents feel refineries or horizontal well drilling is taking place," especially with regard to infrastructure. Respondents reported very little impact on public safety, but reported that some of the most significant impacts are those related to "increases in traffic volumes and the need for public road maintenance." A copy of the survey as it was distributed is available here.

According to the survey's findings, the majority of local officials (61.4 percent) reported that the impact of shale activity has "generally been positive," while 25.7 percent reported no change to their service area, and only 7.8 indicated that the overall impact has been negative. The majority of respondents reported that property and land costs have increased in counties with shale activity. This increase was attributed to: injection well construction (54.8 percent), horizontal shale well drilling (63.2 percent), pipeline construction (68 percent), worker camps (75 percent) and supply yards/staging areas (77.3 percent).

Nearly two-thirds or more of respondents indicated that rental housing costs have increased due to the impact of shale development, with 90 percent attributing it to refinery development, followed by supply yards and staging areas (86.2 percent). Only a small percentage of respondents indicated that certain crimes have increased due to shale development activity: alcohol-related offenses (13.3 percent), drug-related offenses (12.4 percent), property theft (11.2 percent), assaults (6.2 percent) and prostitution (2.8 percent).

Between 61 and 95 percent of all respondents indicated a need for public road maintenance as a result of ongoing shale development activities, while between 52.4 and 66.7 percent of all respondents reported an increased need for bridge maintenance and inspection. More than half of the surveyed county commissioners and township trustees (61.4 percent) indicated that Road Use Maintenance Agreements (RUMA) had been signed in their service area.

Although only 35.6 percent of respondents indicated that local tax revenues have increased as a result of shale development, "considerable differences were seen between the types of local officials." A large majority of county commissioners (87.5 percent) reported an increase in tax revenue, while 43.1 percent of city managers and mayors reported such an increase, and 22.2 percent of township trustees. "Local tax revenue is the only economic survey item where major differences were seen among the local official positions."

The surveyors clarified that the opinion survey and its findings are "not meant to draw causal relationships," and are instead a "baseline analysis and a snapshot in time." In the future, the group plans to conduct similar studies and track "how attitudes and opinions may vary as Ohio's shale play matures."

For more, read the full news release and access this slideshow presentation from Monday's webinar.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Feb 24, 2014

First Batch Incubator in Cincinnati will accept applications from entrepreneurs until March 17th
 

From February 17th through March 17th, the First Batch Incubator in Cincinnati will be accepting applications from "entrepreneurs seeking production funds, mentorship and business development training," Soapbox Media reports. The four-month accelerator program "connects inventive entrepreneurs with resources, training and funding needed to take a prototype to the first batch of manufactured product sales." The incubator also covers up to $8,000 of "expenses incurred in manufacturing the first round of product" per participant, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Professional Associations  Regional Updates   |   Permalink

 

Feb 21, 2014

Chillicothe considers a special tax abatement to help Adena Health System move into the Carlisle Building
 

The Chillicothe City Council is considering amending its ordinance involving tax abatements to encourage Adena Health System to move into the Carlisle Building, which has been empty since a fire in April 2003, The Chillicothe Gazette reports. Currently, "commercial and industrial facilities can only receive a 50 percent abatement for up to 12 years within a designated Community Reinvestment Area" (CRA). The proposed change would increase the maximum abatement rate to 75 percent and increase the maximum number of years for an abatement to 15. The Chesler Group, a Cleveland-based developer, is "leading the charge to renovate the building." It plans to purchase the building next month and, in April, to begin construction on a $7 million project that includes nearly three dozen apartments for medical students and staff, a retail pharmacy, office space and stores. For more, read the full story.

Update: On February 13, Adena signed a 15-year deal to lease the Carlisle Building, Columbus Business First reports. The Ohio Development Services Agency (DSA) approved $1.4 million in preservation tax credits for the historic building, which was built in 1885. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Feb 20, 2014

ProMedica's move into downtown Toledo is expected to spur additional development
 

Although the move is not expected to create many new jobs directly, the consolidation of the 700 employees of ProMedica into downtown Toledo is being touted as a catalyst for future development for the city, The Blade reports. The hospital operator bought and renovated the vacant former Toledo Edison Steam Plant, and now the Toledo-Lucas County Port Authority and the State of Ohio are working with the city to develop incentives for the project. The entities are currently considering providing financial assistance for the construction of "an underground garage at Promenade Park on the former Federal Building site," as well as a possible partnership with the Young Men's Christian Association (YMCA) and the Jewish Community Center (JCC) "to build a public downtown fitness center as part of the campus on the ground level of the KeyBank building," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Feb 18, 2014

Ohio University will release its shale community impact survey during a free webinar on Monday, February 24th
 

The Consortium for Energy, Economics & the Environment (CE3) at Ohio University's Voinovich School of Leadership and Public Affairs will release the findings of its highly anticipated Ohio Shale Development Community Impact Survey on Monday, February 24, 2014. It will be available to download here. That day, CE3 will also host informational webinars for the public (from 11 a.m.-12 p.m.) and the media (from 12:30-1 p.m.) that will discuss the report's findings in depth. For more, including registration information, read the full news release.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Feb 17, 2014

Mayor John Cranley proposes new parking deal to the Cincinnati City Council
 

Cincinnati Mayor John Cranley is proposing a new parking meter deal to Cincinnati City Council, WXIX.com reports. The proposal calls for the Port of Greater Cincinnati Development Authority to issue $30 million in bonds to upgrade each meter in the city to eliminate coins. While the city council would determine the rates and hours of operation, the city's parking services department would maintain control over all of the city's parking. Mayor Cranley said that upgrading the meters to have credit card and smartphone technology "could generate $6.2 million in revenue next year and up to $7.4 million by 2019." After the November election, the incoming mayor and several incoming city council members halted a parking lease deal developed by former Mayor Mark Mallory that would have netted the Port Authority an estimated $18 million over 30 years (See our Jan 27, 2014, blog post – "Cincinnati port authority looks for funding to move forward with major economic development goals"). For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Feb 14, 2014

Westlake approves financing agreements for American Greetings' planned world headquarters
 

Westlake City Council recently passed several financing agreements for a project to construct Crocker Park Creative Studios, which will host the new world headquarters for greeting card company American Greetings, The Morning Journal reports. A tax increment financing (TIF) agreement with the company is expected to generate at least $450,000 annually for the Westlake City School District, and bonds will be used "for construction of roads, utilities and three public parking garages." Tax revenue for Westlake is "guaranteed to be at least $132 million" once all of the company's 1,800 employees and other retailers move to the expanded area. As part of the deal, American Greetings receive a tax rebate on employee income taxes of 0.5 percent. "Westlake will collect 1.5 percent from employees, while agreeing to give the company 0.5 percent back. Refunds will be issued to the company in the form a grant," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Feb 13, 2014

S.B. 134 would limit the ability of local governments in other states to directly finance economic development projects in Ohio
 

The Ohio General Assembly is considering a proposal to limit the ability of other states and their local governments to directly finance economic development projects in Ohio. Under Senate Bill 134, so-called “foreign entities” (i.e., governments outside Ohio) would need to seek the approval of an Ohio local government before providing financing for an Ohio project. The bill follows recent efforts by several port authorities to offer bond financing across state lines.

The bill requires a foreign entity seeking to finance a capital improvement project in Ohio to apply to the port authority, municipal corporation or county in which the proposed project will be located. If the local government determines that it cannot or will not provide financing on similar or better terms, it must approve the foreign entity’s application. If the local government denies the application, the foreign entity can appeal to the Ohio Development Services Agency (ODSA).

If a foreign entity finances a capital improvement project without applying for local approval or after its application has been denied, the local government that could have financed the project or the director of the ODSA can obtain a court order halting the financing. The foreign entity also can be required to repay either 75 percent of the fees it received from the financing or 100 percent of the fees that the local government would have generated by financing the project, whichever is greater. An Ohio government agency that works with a foreign entity in violation of the bill will have its actions voided and can be jointly and severally liable for the fee. For more, read these Bloomberg, Wall Street Journal and Bond Buyer stories.

 
Posted by R. McCarthy in  Financial Incentives  JobsOhio/ODSA  Legal Developments  Regional Updates  State Updates   |   Permalink

 

Feb 12, 2014

Opinion of Attorney General outlines county authority to convey real property in economic development setting
 

Ohio Attorney General Mike DeWine recently issued an opinion addressing the authority a board of county commissioners has to transfer real property in fee simple to a county office of economic development or a community improvement corporation without competitive bidding or public auction. The opinion advises that a board of county commissioners has no general authority to transfer real property to an office of economic development. Pursuant to R.C. 1724.10(B), a board of county commissioners "may transfer lands or interests in lands owned by the county to an economic development corporation, provided the economic development corporation has been designated an agency of the county pursuant to R.C. 1724.10 and an agreement between the economic development corporation and the county permits such transfers." The board of county commissioners may not, however, transfer “real property other than lands or interests in lands owned by the county” to an economic development corporation. For more, read OAG Opinion 2014-003.


 
Posted by R. McCarthy in  Legal Developments  Regional Updates  State Updates   |   Permalink

 

Feb 11, 2014

Jefferson County Port Authority adopts its 2014 action plan
 

The Jefferson County Port Authority Board of Directors recently adopted a 2014 action plan that calls for the port authority’s executive director to "review the development and expansion tools offered by the port authority" with 10 to 15 of the largest industrial employers in the county, The Herald-Star reports. The port authority will update its website and develop a print brochure that will "highlight the county's major industrial sites as well as infrastructure and education assets." Other goals include gaining "perspectives on local skills gaps" from education leaders and pursuing a marketing program that addresses local image issues, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Feb 10, 2014

Ohio and Indiana continue to promote their unmanned aircraft facilities despite losing out on a FAA test site designation
 

Despite failing to get selected as one of six Federal Aviation Administration (FAA) drone test sites in January, Ohio and Indiana are moving ahead with their partnership, which "includes the Ohio/Indiana UAS Center & Test Complex" that the two states established in Springfield, Ohio, last year, The Columbus Dispatch reports (See our Jan 10, 2014, blog post – "Federal Aviation Administration passes on Ohio and Indiana's joint application to serve as a drone test site"). The facility serves as "a regional hub operating seven test drone ranges in both states, providing sites where businesses, universities and researchers can test unmanned aircraft." For more, read the full story.


 
Posted by R. McCarthy in  Federal Updates  Regional Updates  State Updates   |   Permalink

 

Feb 07, 2014

Greater Cleveland Partnership to request $20.3 million in state funding to help finance $210 million in regional development
 

The Greater Cleveland Partnership (GCP) "will ask the Kasich administration and the General Assembly to come up with $20.3 million to help finance $210 million in regional development," Crain's Cleveland Business reports. The state asked the GCP to "submit a list of priority economic development projects for consideration in the capital budget." The item at the top of the list is $7 million for a pedestrian bridge to connect the Cleveland Convention Center to the lakefront. The GCP is also requesting the following funds: "$6 million for improvements to the riverfront on the east bank of the Flats; $1 million toward $30 million in improvements to increase public access to the lake in Euclid; $350,000 for a $1 million plan to improve Lakewood Park on the lake in Lakewood; and $500,000 for the Towpath Trail, a hiking trail that begins south of Akron and will extend to Lake Erie," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Feb 07, 2014

Residents to vote on a 1.5 percent JEDZ that would encompass all of Springfield Township in Hamilton County
 

Springfield Township trustees in Hamilton County unanimously passed a resolution to put a joint economic development zone (JEDZ) on the May 6th ballot, Cincinnati.com reports. The proposal would make the entire township a JEDZ and "would collect an earnings tax of 1.5 percent for workers in Springfield Township and 1.5 percent of business profits." Home businesses and residents who don't work within the township would not be subject to the tax, which it is estimated will raise about $1.125 million. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Feb 06, 2014

Cincinnati Port Authority wants to transform Queensgate and Camp Washington into a major manufacturing hub
 

As the Port of Greater Cincinnati Development Authority seeks dedicated and sufficient funding to move forward with the major economic development goals it was tasked with upon its restructuring in 2010, details are emerging about a plan "to remake parts of Queensgate and Camp Washington," Cincinnati.com reports (See our Jan 27, 2014, blog post – "Cincinnati port authority looks for funding to move forward with major economic development goals"). The plan calls for transforming "1,200 acres of railyards, vacant patches and old manufacturing sites" into "an important, thriving hub of high-paying manufacturing, engineering and laboratory businesses near downtown." The agency will ask the Cincinnati City Council for $6 million to begin buying old industrial land as part of a $250 million investment to "clean up and prepare the area for reinvestment during the next 10 years," the article said. The port authority hopes that the initial $250 million investment of public, grant and foundation money sparks "$1 billion in private investment." For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Feb 05, 2014

Grow Licking County is growing its staff to keep up with prospective business deals
 

The public-private community improvement corporation Grow Licking County has been so busy pursuing business prospects that it has little time for marketing anymore, the Newark Advocate reports. With 65 prospects, including 32 requesting more information or follow-ups, the economic development entity's board recently received $30,000 from the county to hire a new, part-time assistant/project manager. A recent Grow Licking County report indicates that "40 of the 65 prospects are in manufacturing and 16 are in logistics/distribution," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Feb 04, 2014

Cuyahoga County residents will vote on an alcohol and tobacco sin tax to support three sports stadiums in Cleveland
 

Last Tuesday, the Cuyahoga County Council unanimously approved a cigarette and alcohol tax levy intended to "help keep professional sports teams in Cleveland and promote economic development in the city," Bond Buyer reports. County residents will vote on the tax in May. The existing levy "to finance debt service and repairs to the stadiums" has been in effect since 1990, but it is set to expire in 2015. The new tax is "projected to raise $160 million through 2035." Should it fail to pass, the city and county will be responsible for an estimated $13 million a year in upgrades, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Feb 03, 2014

JEDZ agreement celebrated as an economic development success that mutually benefited three local governments in Lucas County
 

A 550-acre Joint Economic Development Zone (JEDZ) established in 2003 among the cities of Maumee and Toledo and Monclovia Township is being celebrated as an economic development success story, The Blade reports. The agreement establishing the JEDZ prevented the entities from competing for and engaging in a "fractious governmental squabble" over Dana Corp.'s 170,000-square-foot technical center project, which created hundreds of jobs in the area. Under the terms of the agreement, "Toledo sold the land to Dana, Maumee annexed the land, and Monclova Township got to levy property taxes on the site like it always had, plus it got a third of the income tax levied on Dana. Toledo and Maumee got to split two-thirds of the tax revenues." Dana ultimately moved its headquarters to a site within the JEDZ, and just last month it was revealed to the Toledo City Council "that a mystery company purchased 37 acres of land" within the JEDZ with plans to invest $10 million in a new headquarters and factory, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Jan 31, 2014

NTE Solutions to invest $500 million in a natural gas power plant in Butler County that is expected to create 30 permanent jobs
 

Florida-based NTE Solutions announced this week that it plans to construct a $500 million natural gas power plant in Butler County that will "have the power to supply 400,000 homes," the Dayton Business Journal reports. The three-year construction phase for the power plant, which is to be called The Middletown Energy Center, is expected to begin next year and employ between 300 and 400 construction workers. The plant is expected to create 30 permanent jobs once operations begin there in 2018, and "will employ Mitsubishi advanced turbine technology in a combined cycle configuration, utilizing the exhaust heat of the gas turbine to produce steam to generate additional energy in a steam turbine generator." For more, read the full story and visit the project website.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Jan 28, 2014

Pataskala has several economic development projects in the works for 2014
 

With a new mayor and two new city council members, the City of Pataskala has several economic development projects in the works for 2014, ThisWeek Community News reports. Redevelopment of the north and southeast corners of Summit Road and Broad Street are expected to bring commercial businesses, while the redevelopment of 26.8 acres on Main Street south of Mill Street are expected to bring both commercial businesses and residential development. The city also expects its Job Ready Site project, which contains 300 acres that are part of the 500-acre Pataskala Corporate Park, to come to fruition in 2014, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Jan 27, 2014

Cincinnati port authority looks for funding to move forward with major economic development goals
 

Since the Port of Greater Cincinnati Development Authority was reorganized three years ago in an effort to make it become a major economic development driver in the region, the lack of a "large enough and stable source of money" has prevented it from moving forward with many of its goals, the Cincinnati Enquirer reports. When incoming Mayor John Cranley and incoming City Council members halted a parking lease deal that would have netted the port authority "at least $18 million over 30 years" – which the port authority considered its "funding breakthrough" – it has since been scrambling for money. The city and county each doubled their annual operating allotment for the authority from $350,000 to $700,000, but backers say it's nowhere near the millions needed. Although Mayor Cranley has said that a private equity stream could be the answer, port authority members maintain that "the appetite from the business community for private fundraising is much more constrained today" than it was 10 years ago when the Over-the-Rhine developer 3CDC was established, the article said. For more, read the full story.


 
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Jan 24, 2014

Economic impact of craft brewers in Ohio was $1.26 billion in 2012
 

A new analysis by the Brewers Association, a not-for-profit trade association, shows that small and independent American craft brewers contributed $33.9 billion to the U.S. economy in 2012. That year in Ohio, the craft brewing industry was responsible for 10,731 full-time equivalent jobs, earning $355,888,000 in total income with an average annual salary of $33,164. The total economic impact of craft brewers in the state was $1,261,063,000. For more, read the full news release and the state-by-state data set.


 
Posted by R. McCarthy in  Federal Updates  Professional Associations  Regional Updates  State Updates   |   Permalink

 

Jan 23, 2014

Local leaders say ODOT's planning map will hinder economic development in Stark County
 

Officials for Canton and Stark County are calling for local businesses to provide comments on the Ohio Department of Transportation's (ODOT) Access Ohio 2040 plan, which was released in November, CantonRep.com reports. Officials and local business leaders fear that the map, which serves as the state's long-term draft transportation plan, "could hinder jobs from coming into Stark County in the coming decades." In particular, the groups are concerned about a move to downgrade Interstate 77 south of Canton from a "National Highway Corridor" to a "Statewide Highway Corridor," which they argue will reduce the likelihood of the stretch receiving state funding. They are also concerned that the map "ignores the prospect of expanding by 35 miles the U.S. Route 30 expressway east from Canton to state Route 11 in Columbiana County" – a project they say would "improve truck traffic access from Stark County to Pittsburgh and make it easier for energy companies to get to oil and gas drilling sites in Carroll and Columbiana counties," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Jan 22, 2014

West Chester Twp. officials outline economic development priorities for 2014
 

In addition to the previously reported new 150,000-square-foot Bass Pro Shops Outdoor World, other economic development projects are also in the works for West Chester Twp. in 2014, Today's Pulse reports (See our Dec 31, 2013, blog post for more information). One of Ohio's largest career technical schools, Butler Tech, is "slated to break ground on the first phase of a 150,000-square-foot biosciences academy in West Chester's Midtown" with an anticipated enrollment of 250 to 300 students and 150 adults upon opening in 2015. Trustees also plan to "improve and streamline zoning" so that more commercial opportunities and infrastructure projects can be fully realized, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Jan 21, 2014

Heath-Newark-Licking County Port Authority selects Luke Kellett to be its first director of business development
 

The Heath-Newark-Licking County Port Authority recently announced that Luke Kellett of Newark will serve in the newly created director of business development position, where he will focus on financing marketing and business development, the Newark Advocate reports. Prior to assuming this position, Kellett worked in business development for Fiberglas Federal Credit Union since 2001. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Jan 20, 2014

Appalachian Partnership for Economic Growth receives $1.7 million Make It in America Challenge Grant
 

The Appalachian Partnership for Economic Growth (APEG), a coordinated program through the Buckeye Hills-Hocking Valley Regional Development District, and the Ohio Valley Employment Resources organization were recently awarded a $1.7 million Make It in America Challenge Grant to help fund worker training, domestic business investment and supply chain access, according to the Ohio Conference of Community Development, Inc. The grant – part of a national $20.5 million challenge grant program – will target the metal fabrication, polymers and chemicals, and other manufacturing industries throughout the region. The $1,700,844 grant "includes $400,888 from the U.S. Department of Commerce's Economic Development Administration and $1,299,956 from the U.S. Department of Labor's Employment and Training Administration." For more, read the full news release.


 
Posted by R. McCarthy in  Federal Updates  Financial Incentives  Professional Associations  Regional Updates   |   Permalink

 

Jan 17, 2014

Youngstown approves grants and tax abatements to help spur economic growth
 

The Youngstown City Council recently approved a 10-year, 75 percent tax abatement in an effort to lure Vallourec subsidiary VAM USA's new $81.5 million pipe-threading mill to the city's Ohio Works Industrial Park, The Business Journal reports. At least two other cities are under consideration for the project. Meanwhile, city officials also approved Youngstown Initiative performance grants for the following economic development agreements:

  • $8,042 to assist Kiraly Tool & Die Inc. with an expansion and equipment purchase project.
  • $2,731 to assist One Hot Cookie LLC with an expansion and equipment purchase project.
  • $23,408 to assist Meals on Wheels with an expansion and equipment purchase project.
  • $14,500 to assist Rhy the Bar LLC with renovations and construction of a new craft beer business.
For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Jan 16, 2014

Portsmouth officials prepare for lost revenue anticipated as a result of a planned bypass
 

It is estimated that the future Portsmouth Bypass, which will link U.S. 23 and U.S. 52 in Scioto County, will cause an estimated 15,000 vehicles to bypass the City of Portsmouth each day, the Portsmouth Daily Times reports. City officials are working to address the anticipated negative economic consequences of the bypass, which will have "no direct access to the city of Portsmouth." One idea under consideration is signage on the bypass that will encourage drivers to visit the city's businesses and attractions, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Jan 15, 2014

Hancock County sells three properties to the Business Development Corp. of the Northern Panhandle to be marketed for economic development
 

Three properties purchased by the Hancock County Commission in December 2012 were recently sold to the Business Development Corporation (BDC) of the Northern Panhandle for $500,000, The Review reports. Following the conclusion of a Phase I environmental assessment of the properties, the commissioners were able to fulfill their plan of selling the properties – two vacated high school stadiums and a former fire station – to the BDC, which will in turn market them primarily for industrial and commercial economic development purposes. BDC will not pay the commissioners the purchase price until it sells "any or all of the properties." In addition, the commissioners will receive "90 percent of the net proceeds of any sale that exceeds the $500,000 purchase price," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Jan 14, 2014

Global automotive glassmaker to invest $200 million in a former GM plant in Moraine and create 800 jobs
 

Ohio Gov. John Kasich announced on Friday that the Fuyao Glass Industry Group Co. Ltd – the largest automotive glass supplier in China, with 65 percent of the market and 18 percent of the global automotive glass market – will build its first North American automotive facility in Moraine. The project, supported by the efforts of JobsOhio, is expected to create approximately 800 new jobs during the next five years and will involve a $200 million investment in more than one million square feet of the former GM Moraine plant. The facility is expected to be manufacturing glass by the end of 2015. Based on information from the foreign investment tracking organization FDI Markets, the deal will be "the largest Chinese investment ever made east of the Mississippi River and the largest Chinese automotive industry investment ever made in the U.S. since records have been kept." For more, read the full news release.


 
Posted by R. McCarthy in  Financial Incentives  JobsOhio/ODSA  Regional Updates  State Updates   |   Permalink

 

Jan 13, 2014

New Technology Concept Fund aims to help Ohio State University-licensed technologies become marketable
 

The Ohio Third Frontier program and Ohio State University have pooled $1 million to create the Technology Concept Fund to help the university "turn technologies into commercial applications that in turn will spur economic growth and create jobs in the state," The Columbus Dispatch reports. The fund will be managed by TechColumbus and will focus on technologies related to advanced materials, alternative energy, information technology and life sciences. Selected companies will receive cash during their earliest stages, and those that become successful will then plow cash back into the fund, making it "evergreen," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Jan 10, 2014

Federal Aviation Administration passes on Ohio and Indiana's joint application to serve as a drone test site
 

State officials are expressing disappointment over the Federal Aviation Administration's (FAA) recent decision to not include Ohio among its selected sites to test unmanned aerial vehicles, The Columbus Dispatch reports (See our Dec 19, 2013, blog post – "Ohio is positioning itself to be a player in the unmanned aircraft industry"). Four Western states – Alaska, Nevada, North Dakota and Texas – and the Eastern states of New York and Virginia were the six sites chosen. FAA officials said the choices were "based in part on geographic and climate diversity," the article said. Officials insist that despite the setback, Ohio will be a leader in this new industry. For more, read the full story.


 
Posted by R. McCarthy in  Federal Updates  Regional Updates  State Updates   |   Permalink

 

Jan 09, 2014

Cleveland Fed reports that the Columbus area is "leading the state to recovery"
 

A report for the 4th quarter of 2013 from the Cleveland Fed found that the Columbus metropolitan area "continues to outperform" all other metropolitan statistical areas (MSAs) in Ohio and most others in the Midwest. The area benefits from its large share of institutional employers, including especially educational institutions, as well as the presence of the state capital and the "multiple Fortune 500 companies headquartered or doing business there." The report, "Columbus–leading the state to recovery," found that employment growth remains positive in the region, "with the healthcare and professional and business service sectors showing the greatest strength." For more, read the full report.


 
Posted by R. McCarthy in  Federal Updates  Regional Updates  State Updates   |   Permalink

 

Jan 08, 2014

Lorain School Board protests the city's TIF plan for a new Family Dollar store
 

Lorain City Council recently approved a 10-year tax increment financing (TIF) plan for a Family Dollar store that is scheduled to open soon, The Chronicle-Telegram reports. Under the plan, Lorain School District will receive 25 percent of the projected $10,890 in annual tax revenue. The city will receive the remainder for use in attracting more businesses to blighted areas "without using general funds to pay for the improvements." The deal was approved despite concerns expressed by certain members of the Lorain School Board of Education about the tax incentive, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Jan 07, 2014

Five Northeast Ohio cities receive a $100,000 grant to determine the feasibility of merging their economic development districts
 

Five Cleveland-area cities recently secured a $100,000 Ohio Local Government Innovation Fund (LGIF) grant to study the feasibility of merging their economic development districts, The Plain Dealer reports. Cleveland Heights, East Cleveland, Shaker Heights, South Euclid and University Heights, as well as the University Circle Inc. economic development organization, the Heights-Hillcrest Regional Chamber of Commerce and Sourcing Office, a nonprofit consultant, will pay a combined $85,000 match on the grant. Consolidating the economic development districts and "leveraging University Circle as a professional hub will improve efficiency and reduce costs." The application states that the project "would cost $1.7 million and gain $1.3 million from new revenue and savings by 2016 – a 73 percent return on investment," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Jan 06, 2014

New Youngstown Mayor John McNally plans to merge three city departments in an effort to streamline economic development activities
 

New Youngstown Mayor John McNally says that one of his top priorities is "restructuring the city's economic development efforts" by joining the economic development office, the planning and zoning department, and the Community Development Agency at City Hall, The Business Journal reports. McNally explains that this restructuring effort will increase the city’s efficiency and encourage communication among the entities. It also would enable the city to create a one-stop shop for business owners in need of economic development services. McNally also plans to "integrate social media into the city's communications," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Dec 31, 2013

Bass Pro, planning new store, pays more than $6.5 million for 21.75 acres in West Chester
 

Bass Pro Outdoor World LLC recently purchased 21.75 acres in West Chester from Duke Realty Ohio for more than $6.5 million, the Cincinnati Business Courier reports. Construction of a new, 150,000-square-foot Bass Pro Shops Outdoor World will begin at the site in 2014, with the store scheduled to open in 2015. With a "more than 10,000-square-foot restaurant and bowling alley called Uncle Buck's Fishbowl and Grill" planned for the site, the store will replace the current Bass Pro shop located at the Cincinnati Mall (now known as Forest Fair Village), the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Dec 27, 2013

Officials plan to ask Kentucky for a three-year extension on its tax credit for the Newport on the Levee entertainment complex
 

Citing "growing competition from Cincinnati's Banks development, Horseshoe Casino Cincinnati and a resurgent Over-the-Rhine," Levee officials in Kentucky plan to ask for a "three-year extension of tax incentives under the Kentucky Tourism Development Act," Nky.com reports. The tax breaks enabled developers to complete construction of Newport on the Levee, which is a "400,000-square-foot entertainment complex on the southern shore of the Ohio River" that revitalized Northern Kentucky's riverfront. Officials stress that they are not asking for additional money, but for additional time to realize the $40 million total that Kentucky law provides for "new or expanding tourist attractions to recoup up to 25 percent of a project's cost for up to 10 years by keeping a portion of sales tax receipts," the article said. They estimate that a three-year extension would generate about $6.3 million, which they said would be invested in "capital projects such as expanding onto an adjacent surface parking lot and redeveloping the long-shuttered IMAX theater." For more, read the full story.


 
Posted by G. Lestini in  Financial Incentives  Regional Updates   |   Permalink

 

Dec 26, 2013

Retired Procter & Gamble CEO named board chairman of Cintrifuse
 

The Cincinnati-based regional startup incubator Cintrifuse recently announced that Bob McDonald, a retired Procter & Gamble (P&G) CEO, is its new board chairman, Cincinnati.com reports. In addition to providing temporary workspace for the incubator until its Over-the-Rhine headquarters is ready, P&G also provided Jeff Weedman, a top executive, to be Cintrifuse's CEO on loan (See our Aug 12, 2013, blog post for more information). For more, including a list of all board members, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Dec 23, 2013

Report outlines recommendations for how the Cincinnati/Northern Kentucky International Airport can encourage economic development throughout the region
 

The Cincinnati Enquirer recently obtained a 2012 report on the Cincinnati/Northern Kentucky International Airport (CVG) that was commissioned by the Cincinnati Business Committee and the Cincinnati USA Regional Chamber's air-service task force and conducted by Seabury, a Virginia-based international consultant. The task force was created "amid growing concern that significant downsizing by dominant carrier Delta Air Lines and ongoing high ticket prices could hamper the region's ability to grow and retain jobs." Featuring "interviews with executives from 10 of the region's largest companies" and surveys from representatives of 384 mid-size and small businesses, the report "represents the most detailed assessment yet of CVG by the region's business community," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Dec 23, 2013

Company transforms shuttered pottery in New Waterford to produce "made in America" mugs for Starbucks
 

California-based American Pioneer MFG LLC, which was formed four months ago to supply mugs to the Seattle-based Starbucks Coffee Co. as part of the coffee giant's "Create Jobs for USA" initiative, will open a new Ohio facility, The Business Journal reports. Upon finalizing a deal to supply mugs to the largest coffeehouse company in the world, American Pioneer decided to "transform a shuttered pottery in New Waterford [Columbiana County] into a sleek, modern production hub." The Mahoning Valley Economic Development Corp. (MVEDC) in Liberty Township "helped to secure $140,000 in loans toward the purchase of equipment related to the project," which is being heralded as an effort to "help resurrect the tradition of the Ohio Valley's pottery industry," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Dec 19, 2013

Ohio is positioning itself to be a player in the unmanned aircraft industry
 

A study funded by the Ohio Development Services Agency (DSA) and administered by the Dayton Development Coalition aims to determine what the military's needs are with regard to unmanned aircraft or drones, the Dayton Business Journal reports. The central focus of the study, which is expected to be completed early next year, is "to solve military airspace requirements in a way that meets the needs of other airspace users," the article said. The state is attempting to get ahead of what it views as a burgeoning billion-dollar industry and is working with Indiana to obtain from the Federal Aviation Administration a designation that the UAS Center & Test Complex in Springfield will be "one of six sites across the country to test the integration of unmanned systems in the nation's airspace system." For more, read the full story.


 
Posted by R. McCarthy in  JobsOhio/ODSA  Regional Updates  State Updates   |   Permalink

 

Dec 18, 2013

Article details risks, rewards of effort by Cleveland-area business leaders to land an unnamed company's new headquarters
 

A recent Crain's Cleveland Business article explores the intricate process that went into Solon being selected for Nestlé USA's expansion of its pizza division, which the company announced in late October (See our Nov 6, 2013, blog post for more information). When site selection professionals with California-based Deloitte Consulting initially contacted Cleveland's economic development entities about the possibility of a new regional headquarters operation being located there, virtually all details about the project – including the company itself – were withheld as proprietary business information. Business development leaders throughout Cuyahoga County quickly banded together to provide comprehensive site information to Deloitte on tight deadlines. Without knowing the company or its industry, some of these leaders as business owners risked introducing a competitor into their market for the sake of developing the greater Cleveland area, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Dec 17, 2013

Ohio Third Frontier approves $12.8 million in funding for 16 projects
 

Last Wednesday, the Ohio Third Frontier Commission approved "more than $12.8 million to fund cutting-edge biomedical companies and help entrepreneurs and technology start-up companies get their businesses off the ground," The Business Journal reports. The paper provides a detailed outline of the awards, which are summarized briefly below.


2013 Ohio Third Frontier Commercial Acceleration Loan Fund:

  • Synapse Biomedical in Oberlin will receive $2.4 million loan to help secure regulatory approval for its NeuRx DPS platform.
  • Intellirod Spine in Akron will receive $1.6 million loan to help bring its post-lumbar spine fusion medical device to market.
  • Cleveland Medical Devices in Cleveland will receive $1 million loan to "expand the commercialization of its home sleep apnea testing."
  • Nanofiber Solutions in Columbus will receive a $1.5 million loan to bring new products to market that are made using their "unique tissue engineering scaffolds."


2013 Ohio Third Frontier Incubation Program:

  • Akron Development Corp. of Akron will receive $500,000 for its Akron Global Business Accelerator.
  • BioEnterprise Corp. in Cleveland will receive $350,000 to continue providing business assistance to incubator tenants and to "maintain a quality biomedical research facility for the region."
  • Dayton-Miami Valley Entrepreneurs Center Inc. in Dayton will receive $450,000 to provide business incubation services and leased space at The Entrepreneurs Center.
  • Hamilton County Business Center Inc. in Cincinnati will receive $500,000 to provide space and services to start-ups.
  • Lorain County Community College in Elyria will receive $350,000 to offer entrepreneurial assistance and training through the Great Lakes Innovation and Development Enterprise (GLIDE) Incubator.
  • MAGNET in Cleveland will receive $450,000 to support its incubator and to "provide access to capital to help accelerate commercialization."
  • Mansfield/Richland Incubator Inc. in Mansfield will receive $450,000 to provide business incubation services at the Braintree Business Development Center.
  • Ohio University in Athens will receive $350,000 to provide facilities and technical support services through its Innovation Center.
  • TechColumbus, Inc. in Columbus will receive $600,000 to provide "venture acceleration services, direct investment capital and facilities" as the SpringBox Labs incubator in central Ohio.
  • The University of Toledo in Toledo will receive $450,000 to "provide facilities, business development, access to capital and commercialization expertise to technology-based start-up companies located within an 18-county area of Northwest Ohio" through its Launch Pad Incubation Program.
  • The Youngstown Business Incubator in Youngstown will receive $450,000 to provide entrepreneurial support to start-up companies in the fields of information technology and additive manufacturing.

2013 Ohio Third Frontier Industrial Research and Development Center Program:

  • The Cleveland Clinic was "awarded a cost share commitment of $1.5 million from the Ohio Third Frontier's Industrial Research and Development Center Program" that will complement a National Institute of Health (NIH) grant awarded to the clinic for the establishment of the National Center for Accelerated Innovations.


For more, read the full story and access the presentation for the Dec 11, 2913, Ohio Third Frontier Advisory Board and Commission Meetings.


 
Posted by R. McCarthy in  JobsOhio/ODSA  Regional Updates  State Updates   |   Permalink

 

Dec 16, 2013

Deloitte partner Brian Carley named president and CEO of the Cincinnati USA Regional Chamber
 

The Cincinnati USA Regional Chamber last week named Brian Carley, a partner with the professional services firm Deloitte, as its new president and CEO, effective March 1, 2014, Cincinnati.com reports. The chamber had previously stated that it wanted to fill the position with someone who could use "his or her clout to recruit new companies and spur growth in high-paying jobs" by "fully engaging the region's powerful chief executives" (See our Oct 6, 2013, blog post – "Cincinnati USA Regional Chamber wants its next CEO to fully engage powerful business executives to spur growth"). Carley is currently based in Cleveland, where he has "extensive business relationships," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Professional Associations  Regional Updates   |   Permalink

 

Dec 13, 2013

Dayton requests $3 million in state funding for a $55 million development project that would create 260 new jobs
 

According to an application recently submitted to the Dayton Development Coalition (DDC), the City of Dayton is "seeking $3 million in state funding to help an undisclosed user build a new 250,000 square-foot facility in the greater downtown area," the Dayton Daily News reports. Code named Project Elwood, the $55 million proposed development is among 92 applications that the DDC has received as part of the 2014 State Capital Bill process, in which the coalition ranks and then recommends that certain projects receive funding from the state. The application says that the facility would be near the company's existing location, but the company itself remains undisclosed. If realized, the project would result in 260 new hires over the next few years, "in call center personnel and IT support, sales, marketing and support services," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Dec 13, 2013

Seneca Industrial and Economic Development Corp. picks former ODSA chief to be its new president and CEO
 

The Seneca Industrial Economic Development Corp. recently named David Zak, chief of the Business Services Division at the Ohio Development Services Agency (DSA), as its new president and CEO, The Courier reports. Zak will replace Rich Focht, who is "retiring at year-end after 24 years in the post." Prior to his current position, which he has held since 2011, Zak served as the vice president of the Greater Springfield Chamber of Commerce, the economic development director for Fairfield County and as the international business liaison for the Ohio Department of Development. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates  State Updates   |   Permalink

 

Dec 12, 2013

Franklin County expects to direct $4 million in new sales tax revenue into a newly established economic development fund
 

Next year, Franklin County commissioners expect to place more than $4 million into a newly created economic development fund through a temporary quarter-penny sales tax increase that goes into effect Jan 1, 2013, and runs through Dec 31, 2018, The Columbus Dispatch reports. Approved in September, the sales tax increase will be used to "pay for business loans, infrastructure upgrades, worker training and other development aid." In addition to the fund, money from the sales tax increase will also be used to increase the amount given to Columbus 2020 and Experience Columbus, with the two earmarked in next year's budget to receive an additional $300,000 and $625,000 respectively, the article said. For more, read the full story.


 
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Dec 12, 2013

Van Wert County commissioners vote to end economic development contract with OSU Extension
 

After determining that the economic development status quo has been ineffective in reversing "the continuing exodus of businesses and people" from the region, Van Wert County commissioners voted last week to exit the county's contract with the Ohio State University Extension so that it can "pursue a new paradigm for community and economic development," The Delphos Herald reports. The contract dates back to 2002 and, according to the article, the commissioners' decision is effective immediately. There is no timeline for a specific replacement plan to be proposed. Commissioners said that the new arrangement will involve streamlining economic development activities and controlling them at the local level, and that it will only take shape after "the City of Van Wert decides if it wants to be a part of a new board," the article said. For more, read the full story.


 
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Dec 11, 2013

Jefferson County Port Authority picks former ODOT regional manager as its new economic development director
 

Effective Monday, Evan Scurti is the Jefferson County Port Authority's new director of economic development, WTOV9.com reports. Scurti most recently served as the regional manager of the Ohio Department of Transportation (ODOT) Office of Jobs & Commerce, where he was responsible for assisting 11 counties in northeast Ohio with "various strategies to finance and build key infrastructure." Before that, Scurti served for six years as the executive director of the Ashland Area Council for Economic Development. For more, read the full story.


 
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Dec 11, 2013

Grove City Council approves JEDD with Scioto Township and the Village of Commercial Point
 

After months of heated debate and two postponed votes, Grove City Council in Franklin County recently voted to approve a joint economic development district (JEDD) agreement with Scioto Township and the Village of Commercial Point, both of which had already approved the agreement, ThisWeek Community News reports (See our Sept 10, 2013, blog post – "Commercial Point Village Council votes to join proposed JEDD"). Under the agreement, Grove City will impose its two percent income tax rate on a designated area within the Village of Commercial Point and Scioto Township, the latter of which as a township cannot levy its own income tax. Grove City will then receive 10 percent of the income, while Scioto Township will receive 88 percent and the Village of Commercial Point will receive two percent, the article said. The district includes two state prisons, the workers from which do not pay a local income tax and were adamantly opposed to the JEDD as a tax grab. While proponents insist the JEDD is a way for Grove City to help Scioto Township and the Village of Commercial Point fund their fire and other emergency services so that the city's resources are available for its own residents, one Scioto Township trustee "took issue with the fact the township's three previous attempts at a fire levy had been defeated by voters," the article said. For more, read the full story.


 
Posted by R. McCarthy in  Financial Incentives  Regional Updates   |   Permalink

 

Dec 10, 2013

Dayton Development Coalition director provides year-end review of economic development projects
 

The Dayton Development Coalition (DDC), a local affiliate of JobsOhio, is working on 29 projects that together "represent more than 4,100 new jobs and $743 million in capital investment," Dayton Business Journal reports. Dave Burrows, DDC's director of economic development programs, provided a year-end review of the coalition's programs and efforts during a meeting of the Chartered Financial Analyst (CFA) Society Dayton last week. As of September, DDC "had attracted more than 2,000 new jobs" to the region, which is "60 percent of its goal of 3,330 jobs," the article said. For more, read the full story.


 
Posted by R. McCarthy in  JobsOhio/ODSA  Regional Updates   |   Permalink

 

Dec 09, 2013

Ohio Tax Credit Authority approves 11 projects
 

The Kasich administration recently announced that the Ohio Tax Credit Authority (TCA) had approved tax credit awards for 11 projects set to create 733 jobs and to retain 310 jobs statewide. These projects are expected to generate more than $35 million in new payroll and $152 million in investments statewide. The approved projects are:

Ride Corporation will receive a 35 percent, six-year Job Creation Tax Credit for a new location project at a location (to be determined) that is expected to create 40 full-time positions and to generate $1 million in additional payroll.

SK Food Group dba SK Food Group NAHQ will receive a 55 percent, 10-year Job Creation Tax Credit for a new location project at a location (to be determined) that is expected to create 253 full-time positions and to generate $7.7 million in additional payroll.

Central Ohio:


Famous Enterprises, Inc. will receive a 40 percent, five-year Job Creation Tax Credit for a new location project in Columbus, Franklin County, that is expected to create 20 full-time positions and to generate $1 million in additional payroll.

Greenville Technology, Inc. dba Moriroku Technology North America will receive a 50 percent, eight-year Job Creation Tax Credit for a new location project in Marysville, Union County, that is expected to create 50 full-time positions, to generate $2.8 million in additional payroll and to retain $1.9 million in existing payroll.

Harris, Mackessy & Brennan, Inc. will receive a 45 percent, seven-year Job Creation Tax Credit for an expansion project in Westerville, Delaware County, that is expected to create 75 full-time positions, to generate $5.6 million in additional payroll and to retain $11.6 million in existing payroll.

Northeast Ohio:

Matalco Inc. will receive a 50 percent, eight-year Job Creation Tax Credit for a new location project in the Village of Lordstown, Trumbull County, that is expected to create 60 full-time positions and to generate $4 million in additional payroll.

Mesnac Americas Co., Ltd. will receive a 40 percent, five-year Job Creation Tax Credit for a new location project in Akron, Summit County, that is expected to create 35 full-time positions and to generate $3.9 million in additional payroll.

Pennex Aluminum Company, LLC will receive a 45 percent, six-year Job Creation Tax Credit for an expansion project in the Village of Leetonia, Columbiana County, that is expected to create 65 full-time positions, to generate $2.3 million in new payroll and to retain $3 million in existing payroll.

Southwest Ohio:

AIM MRO Holdings, Inc. will receive a 40 percent, five-year Job Creation Tax Credit for an expansion project in Miami Township, Clermont County, that is expected to create 50 full-time positions and to generate $3 million in additional payroll.

AlvaEDU will receive a 45 percent, six-year Job Creation Tax Credit for a new location project in Cincinnati, Hamilton County, that is expected to create 50 full-time positions and to generate $3 million in additional payroll.

Tom and Chee Worldwide LLC will receive a 45 percent, seven-year Job Creation Tax Credit for an expansion project in Cincinnati, Hamilton County, that is expected to create 65 full-time positions, to generate $3.5 million in additional payroll and to retain $215,385 in existing payroll.

For more, read the full press release.


 
Posted by R. McCarthy in  Financial Incentives  JobsOhio/ODSA  Regional Updates  State Updates   |   Permalink

 

Nov 27, 2013

Dayton City Commission approves a $33.5 million downtown redevelopment project
 

On Wednesday, the Dayton City Commission voted to move forward with a $33.5 million redevelopment project along the Great Miami River downtown. The development agreement involves a joint venture with Dublin-based Crawford Hoying Development and Dayton-based Woodard Real Estate Resources known as Water Street Redevelopment LLC. The proposed agreement features four elements: a $26 million, 50,000-square foot office/commercial building and a luxury rental apartment complex with 150 rooms; a $5 million, three-level parking garage to serve the two buildings; and a $2.5 million investment in public infrastructure improvements to the area. Construction of the office building is expected to begin in December, while construction of the garage and apartment complex is slated to begin in April 2014.

Bricker & Eckler LLP attorneys J. Caleb Bell and Katie Johnson are serving as legal counsel to the City of Dayton for the transaction and have been working with city officials to authorize a CRA abatement and a TIF program, and to arrange for financing for the infrastructure associated with the development. Please contact J. Caleb Bell at (614) 227-2384 or jbell@bricker.com, or Katie Johnson at (614) 227-2349 or kejohnson@bricker.com for more information about economic development opportunities.


 
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Nov 26, 2013

Several townships approve new economic development zones
 

Voters in the recent general election gave approval to several different economic development initiatives across the state. Voters in Columbia Township and the City of Fairfax approved a joint economic development zone (JEDZ) that will levy a one-percent earnings tax on people who work and businesses that operate within designated township commercial areas, Cincinnati.com reports. In addition, Clinton Township and the City of Grandview Heights approved a new JEDZ in which the city "will collect its 2.5 percent tax rate for the township in a designated commercial zone that includes the Lennox Town Center," The Columbus Dispatch reports.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Nov 26, 2013

Hilliard City Council debates the use of TIFs
 

The Hilliard City Council is considering whether to approve tax increment financing (TIF) for the site of a Motel 6 that is up for sale, ThisWeek Community News reports. The city hopes to attract a buyer that will build a higher quality hotel than the current facility, which has a "notable criminal element." The council is also considering using an urban development TIF for the project, the article said. For more, read the full story.


 
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Nov 25, 2013

Warren City Council considers creating an 87-acre revitalization district downtown
 

A Warren City Council committee thinks that legislation passed earlier this year establishing revitalization districts could be used to help the city experience "an uptick in new restaurants and businesses similar to what has occurred in Youngstown," the Tribune Chronicle reports. Officials failed to bring a planned entertainment district to downtown Warren in 2004, but they feel confident they will be successful this time not only because of the legislation, but also because they reduced the proposed area for the district to 87 acres. Although 15 new liquor licenses are expected to help spur the growth, the council maintains that the terms of the state D-5 liquor license will encourage restaurants rather than bars, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Nov 19, 2013

Lockheed Martin will close its Akron plant by mid-2015 as part of a company-wide consolidation plan
 

In the wake of federal government budget cuts, defense contractor Lockheed Martin has announced that it is consolidating certain operations in an effort to increase efficiency and the affordability of its products, The Business Journal reports. The San Francisco-based company is closing five locations and reducing its workforce by 4,000. Lockheed Martin’s Akron plant, which employs 500, will close by mid-2015 as part of this plan. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Nov 18, 2013

Incoming Cincinnati Mayor John Cranley moves to kill two bond-funded projects
 

John Cranley, a municipal bond attorney who won the election for mayor of Cincinnati this month, is attempting to fill promises made during the campaign by moving to kill two bond-funded projects ahead of his Dec. 1 start date, the Bond Buyer reports. One is the street car project, which the city has already committed $96 million to in bonds. The other is the plan to privatize the city's parking system by leasing it to the Cincinnati Development Authority for 30 years. "Cranley and seven members of the incoming City Council formally asked the port authority to drop plans to issue bonds to finance their purchase of the city's parking system" just days before the port authority "planned to sell up to $130 million of bonds to finance the deal," the article said.


 
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Nov 15, 2013

Clark County commissioners reject $400,000 state loan due to its terms and conditions
 

After working to secure a $400,000 state Local Government Innovation Fund last year for the renovation of the Springview Government Center, the Clark County commissioners voted last week to reject the 10-year, no-interest loan because of the terms and conditions offered by the Ohio Development Services Agency (DSA), the Springfield News-Sun reports. The commissioners now plan "to issue a note in May for about $700,000 with an interest rate at about three-quarter percent to pay for renovations," which involve converting the agricultural building into a global training facility where local company Konecranes plans to add at least 25 new jobs. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Nov 14, 2013

Clean Ohio Council approves more than $6 million in grants in its final meeting
 

During its final meeting, the Clean Ohio Council approved more than $6 million in Clean Ohio Revitalization grants for five projects across the state, the Ohio Development Services Agency (DSA) announced. The program is sun-setting and will be replaced by the JobsOhio Revitalization Program, which will commit up to $43 million annually for revitalization projects and will have an increased focus on job creation (See our Nov 11, 2013, blog post for more information).

The City of Dayton received a $900,000 grant to clean up asbestos at the Kettering Center, which has been closed since the asbestos was discovered in 2007. Wright State University has committed to renovate the building after the cleanup.

The City of Cleveland received a $3 million grant for the Flats East Bank redevelopment project, which will create a 300,000-square-foot retail and office complex as well as 72 residential units.

The Stark County Port Authority received a $1,275,000 grant to clean up the former Alliance Community Hospital in Alliance. The hospital will work with Stark State Community College to construct a 100,000-square-foot facility for a new satellite school that will offer healthcare training.

The City of Columbus received a $1 million grant to clean up the LC RiverSouth property downtown. Upon completion, Lifestyle Communities, Ltd. will develop an eight-story building with 106 residential units, a parking garage and first-floor retail space.

The City of Marion received a $340,589 grant to help demolish and remediate the former Fairfield Engineering site. Carksco Properties LLC plans to develop the property for industrial use after the cleanup.

For more, read the full press release.


 
Posted by R. McCarthy in  Financial Incentives  JobsOhio/ODSA  Regional Updates  State Updates   |   Permalink

 

Nov 12, 2013

Scioto County joins the Port of Cincinnati in an effort to expand access to river traffic information
 

The Scioto County Commissioners recently voted to join the Port of Cincinnati in a regional economic development group so as to enable the port authority to "capture all of the statistics for the tonnage of cargo that's moving through the Ohio River between Scioto County and Carroll County, Kentucky," the Portsmouth Daily Times reports. Scioto County's jurisdiction will still remain under the Huntington District of the Corps of Engineers; this change will simply fill in the gap for the half of the county for which information was not previously shared. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Nov 08, 2013

Ohio Economic Development Association names the GE Aviation EPISCENTER in Dayton the best economic development project of 2013
 

During its annual summit in Dublin late last month, the Ohio Economic Development Association named the GE Aviation EPISCENTER the best economic development project of 2013, the Dayton Daily News reports. Located on the University of Dayton's campus, the $53 million project contains 138,000 square feet of lab and office space and will be used "to conduct research on aircraft electrical power systems" after it opens on December 13. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Nov 05, 2013

Franklin County and Penn National Gaming agree on a property value for Hollywood Casino Columbus
 

Penn National Gaming and the Franklin County Auditor recently reached an agreement on the property value of Hollywood Casino Columbus, The Columbus Dispatch reports. In consultation with the South-Western City School District, which stands to receive the largest property tax payment from the facility, all three parties agreed to tax the property "based on a value of $165 million – less than half of the $388.6 million spent to build it." The figure represents "only the building's value" and was determined after other expenses, including gambling equipment, marketing costs, operating costs and the state's $50 million gambling license, were subtracted. By predetermining the property value, the parties hope to avoid another ugly, years-long battle like the one that occurred with respect to the property value of Nationwide Arena, the article said. For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Nov 04, 2013

Case Western Reserve University is launching a free online course on how communities can foster entrepreneurial growth
 

Case Western Reserve University received a $69,000 grant to launch a free, non-credit online course on "how communities can support and grow new companies," The Plain Dealer reports. Although it will focus on Northeast Ohio, it is anticipated that tens of thousands of individuals from around the world will take the class, which will be available through Coursera – a company that "provides an online platform to dozens of colleges for Massive Open Online Courses, known as MOOCs." For more, read the full story.


 
Posted by R. McCarthy in  Regional Updates   |   Permalink

 

Oct 31, 2013