Dayton’s downtown resurgence fueled by incentives, public-private partnerships

The new CareSource building, Dayton Dragons Stadium and Riverscape MetroPark exemplify how government incentives and public-private partnerships have spurred Dayton’s downtown resurgence over the past 20 years, the Dayton Business Journal reports. Rep. Mike Turner (R-Dayton) listed those projects at a recent press conference where he was joined by Rep. Brad Wenstrup (R-Cincinnati), local developer Charlie Simms and executive director of Five Rivers MetroParks Becky Benna. Turner “touted the positive effects of government incentives” such as historic tax credits and programs including community reinvestment areas and opportunity zones, which have “helped spur growth in Dayton.” He said, “[t]here are more people living, working and enjoying downtown than there were 20 years ago . . . [w]e have real examples of how a community like this uses those federal tools of tax credits and grant monies to be able to turn downtown around.” For more, read the full article.

Economic Development, Financial Incentives

Japan looks to strengthen ties to Ohio

Investment by Japanese companies has created 77,000 jobs in Ohio, and those numbers are expected to grow, as Japan “is looking to do even more business with Ohio and the U.S.,” The Columbus Dispatch reports. There are “484 Japanese facilities in Ohio,” many of which are tied to the auto industry; Honda of America alone employs 14,500 people in the state. Japan’s minister of economy, trade and industry, Hiroshige Seko, “said Japanese companies are looking to make further investments in the state,” according to the article. Seko was recently in Columbus to speak at an event sponsored by the Japan External Trade Organization, the Japan-American Society of Central Ohio, JobsOhio and Columbus 2020. Kenny McDonald, CEO of Columbus 2020, said his group is focused on “maintaining, accelerating and evolving our relationship with the Japanese business community and our many Japanese partners for the coming decades.” For more, read the full article.

Economic Development, State Updates

PACE Workshop – September 26

We invite you to join Bricker & Eckler and NOPEC for the Property Assessed Clean Energy (PACE) Workshop on September 26 in Twinsburg, Ohio. Bricker attorneys Jason Tiemeier and Michael Katz will present on Ohio PACE financing. More information, including registration, is available here.  

Energy Efficiency, Financial Incentives, Project Finance

CDFA and PACENation events – September 25-26

On September 25-26, join CDFA and PACENation in Dublin, Ohio, for the CDFA Ohio Financing Roundtable and the PACENation Ohio Regional Conference. Bricker attorney Rob McCarthy will present on Downtown Redevelopment Districts at the CDFA Roundtable, while attorneys Caleb Bell and Colin Kalvas will present on PACE and C-PACE at the PACENation conference. More information, including ticket pricing and registration, are available here.

Economic Development, Project Finance

Athens-based company named top solar provider in Ohio

Leading solar provider Third Sun Solar, based in Athens, Ohio, was ranked first in Ohio solar providers by Solar Power World’s 2018 Top 500 Solar Contractor’s List, The Athens News reports. Nationwide, Third Sun Solar was ranked 28th “among firms offering engineering, procurement and construction (EPC) services to commercial clients,” according to the article. Solar Power World developed the annual list “to recognize the work completed by solar contractors across the United States.” Rankings for the list were determined “by the number of kilowatts (DC) a company was involved with installing in 2017 in the United States only.” For more, read the full article.

Renewable Energy, State Updates

Bricker partners with Ohio advancement groups to host economic development trainings

Attorneys within Bricker & Eckler's economic development practice have partnered with APEG, JobsOhio and OEDA to design and host EDNow!, an upcoming economic development training program. EDNow! empowers elected and appointed community leaders, especially those within Southern and Eastern Ohio, to guide their local communities’ futures with cutting-edge economic development strategies. Buckeye Hills Regional Council, OVRDC and OMEGA have also assisted with this initiative.

The program will be offered in various Ohio locations on September 26 and October 10. For more information, including the schedule, location details and ticket information, visit the EDNow! event page.

Economic Development, Miscellaneous, Project Finance

Bexley offering seminar for residential PACE program

Bricker & Eckler LLP and the City of Bexley will present a seminar for the city’s recently created PACE (Property Assessed Clean Energy) program on September 24, 2018, from 5:00 p.m. to 7:00 p.m. at Bexley City Hall. Caleb Bell of Bricker & Eckler and Bexley Mayor Ben Kessler will explain how solar companies can participate in the program and provide financing to residential property owners. PACE financing allows property owners to finance energy efficiency or renewable energy upgrades to their properties and repay the costs through special assessments on their real property tax bills. To register, click here.

Energy Efficiency, Project Finance, Renewable Energy

Ohio Caverns first in U.S. to produce solar energy on site

When Ohio Caverns opened to the public in 1897, “visitors walked through with lanterns and candles”; now, the tourist attraction is “the first cave in the United States to have solar energy produced on site,” the Urbana Daily Citizen reports. Ohio Caverns installed a solar field that produces “44,000 watts at any given time when the sun is at its peak,” making it “energy neutral,” according to the article. Owner Eric Evans said the cave and facilities were completely retrofitted with LED lighting, which lowered energy consumption to the point “that solar became very viable.” Evans said, “we’ve been stewards of the environment since the cave first opened. . . . That’s where we see the future and longevity of the cavern is protecting and preserving the environment, and this was by far the cleanest form of energy known.” For more, read the full article

Energy Efficiency, Environmental, Renewable Energy

Tax credits bring close to 1,500 jobs to Monroe in five years

The City of Monroe has gained millions in investment dollars and almost 1,500 jobs over the past five years, which were generated by several large companies that received tax credits from the state. The Ohio Tax Credit Authority has approved state tax credits for companies including Amazon.com, Bed Bath & Beyond and others over that time, and those projects have brought investment “of nearly $107 million” and have created 1,492 new jobs in Monroe, the Journal-News reports. The latest project, an 827,080-square-foot Bed Bath & Beyond distribution center, will “create approximately 900 full-time jobs generating $26.6 million in new annual payroll,” according to the article. The Ohio Tax Credit Authority approved a 1.467 percent, 10-year Job Creation Tax Credit for that project. For more, read the full article.

Economic Development, Financial Incentives, State Updates

EmberClear investing nearly $1B in 1,050-MW Harrison combined-cycle plant

A new natural gas-fired combined-cycle power plant in Harrison Industrial Park will increase efficiency, create jobs, and generate millions in payments to local governments and schools, the Herald-Star reports. Texas-based energy development company EmberClear “is investing nearly $1 billion in construction” for the 1,050-megawatt power plant in the Harrison Industrial Park. The plant, which will create 700 construction jobs and more than 20 permanent positions, “will be designed to meet the growing industrial demands fueled by the local natural gas economy and replace older, less efficient plants,” according to the article. EmberClear will receive a 15-year property tax exemption as part of a P.I.L.O.T (Payment in Lieu of Taxes) agreement; in exchange, the developer will pay $31 million to Harrison County, the Harrison Hills City School District, and local villages and townships. For more, read the full article

Economic Development, Energy Efficiency, Financial Incentives
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