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Oct 22, 2014

Toledo mayor wants city’s own economic development agency
 

Mayor D. Michael Collins’s administration wants to “create a new economic development arm for the city,” now that it is no longer a part of the Lucas County Improvement Corp., the Toledo Blade reports. A recent restructuring removed the city’s seat from that board; relations between the city and the county “have been strained since [the mayor] announced Toledo would slash what it pays to the county for criminal justice charges by ordering city police to start charging most criminals under state laws rather than city ordinances.” That change could save Toledo $4 million to $5 million per year, but would remove an equal amount from county revenues. Toledo’s urgency to create a city agency stems from $9.4 million in pending land purchases “that could potentially help Chrysler expand its Jeep operations in the city,” according to the article. Senior attorney for the city’s law department, Eileen Granata, said creating Toledo’s own agency would be faster than trying to rejoin the Lucas County Improvement Corp., and noted that more than 200 cities in the state have their own city improvement corporations. For more, read the full article.  


 
Posted by G. Lestini in   |  Permalink

 

Oct 10, 2014

Register today for the 2014 OEDA Annual Summit
 

The Ohio Economic Development Association (OEDA) will be hosting its 2014 Annual Summit at the Marriott Columbus Northwest in Dublin, Ohio, on October 22-24. The event, titled “Pushing the Envelope: New Outlooks in Ohio Economic Development,” will highlight successes and lessons learned and will discuss future development opportunities for the state of Ohio.

The dynamic agenda includes presentations from public and private sector representatives and focuses on improving Ohio’s innovative culture, attracting and retaining talent throughout the state, and enhancing infrastructure and experiences for thriving communities. Featured speakers include Dawn Larzelere with the Governor’s Office of Workforce Transformation and representatives from the Ohio Development Services Agency and JobsOhio.

The event is sponsored by Bricker & Eckler and is open to both OEDA members and non-members. For more information or to register, click here.


 
Posted by C. Schmenk in  JobsOhio/ODSA  Professional Associations  State Updates   |  Permalink

 

Oct 03, 2014

OEDA presents economic development program in Marietta
 

On November 21, the Ohio Economic Development Association (OEDA) will present ED101, a half-day training program designed to help business leaders as well as elected and appointed officials in the Appalachian region better understand economic development. The program will feature presentations by industry experts as well as breakout sessions covering topics steering economic development in Southeast Ohio. APEG will present on the success of the Community Economic Development Academy program, and Bricker & Eckler’s Chris Schmenk will discuss best practices for economic development organizations. For more, or to register, click here.


 
Posted by R. McCarthy in  Professional Associations   |  Permalink

 

Sep 25, 2014

TIFs drive thriving developments throughout Columbus
 

After almost 40 years, tax-increment financing (TIF) has become “an innovative development tool that has changed the face of the city,” The Columbus Dispatch reports. TIFs are not a tax break; according to the article, “[t]he portion of property taxes paid on existing land value…continues to be distributed to the taxing agencies, including libraries, the Columbus Zoo and Aquarium and Metro Parks.” TIFs benefit developers because new tax dollars generated by the development are set aside for public improvements including roads, street lighting, and sidewalks, which help improve property values. The Arena District, Easton, and Polaris areas were developed using TIFs, and in return brought jobs and income and sales taxes to the city. According to the article, “TIFs are a great example of why government must weigh short-term gain against greater long-term benefit.” For more, read the full article


 
Posted by R. McCarthy in  Financial Incentives   |  Permalink

 

Sep 19, 2014

Local governments in Warren County make a change in development partner
 

Warren County’s six chambers of commerce have “united and asked development agency REDI Cincinnati to represent them in attracting new business development and retention through JobsOhio,” the Dayton Daily News reports. Martin Russell, Director of Economic Development for Warren County, said that the communities want to work together under the same development agency instead of being split between Dayton Development Coalition and REDI. Russell explained that the communities “wanted to make a move that got rid of the division inside of Warren County.” The Coalition has previously coordinated development in the Dayton and Springfield areas, including Butler County and Warren County north of Ohio 63. According to JobsOhio, the Coalition “will still lead deals to grow the region’s aerospace industry.” For more, read the full Dayton Daily News article


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

 

Sep 18, 2014

Southern Ohio Port Authority and Lawrence County form partnership for development
 

The Southern Ohio Port Authority (SOPA) and the Lawrence County Economic Development Corporation are partnering “to bring development to the area between Wheelersburg and Hanging Rock,” reports communitycommon.com. SOPA Executive Director Jason Kester said there is a current emphasis on regional economic development “because nobody has enough assets of their own, to go at it alone.” Kester noted that the two agencies are looking for property that they can purchase together; their biggest hurdle, he said, will be “finding sufficient funding to execute the plan” to buy the property and for the necessary engineering. For more, read the full article


 
Posted by R. McCarthy in  Regional Updates   |  Permalink

 

 

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