State grants more than $2.5M to communities for infrastructure projects

The Ohio Development Services Agency (ODSA) recently awarded 10 grants to communities across the state to “improve streets, sidewalks, bridges, public facilities and infrastructure,” The Daily Jeff reports. The grants, “totaling more than $2.5 million,” were awarded through the Community Development Critical Infrastructure program, according to the article. David Goodman, director of the ODSA, said, “[c]ommunities with reliable infrastructure are better positioned for growth.” Counties receiving grants include Fairfield County, which “will receive a $216,500 grant to help the village of Baltimore repair Water Street Bridge and relocate an exposed water pipeline,” and Coshocton County, which “will receive a $300,000 grant to help the city of Coshocton with sewer facility improvements.” For more, read the full article.

JobsOhio/ODSA, Regional Updates, State Updates

State approves tax credits for projects to bring 388 jobs and $23M in investments

Ohio Governor John Kasich recently announced “the approval of assistance for 5 projects set to create 388 new jobs” and bring millions in investment to the state, The Sunbury News reports. The Ohio Tax Credit Authority (TCA) “reviewed economic development proposals brought to the board by JobsOhio and its regional partners,” the article reports. Those five projects are expected to “spur more than $23 million in investments across Ohio.” Among the credits the TCA approved is “a 1.402 percent, seven-year Job Creation Tax Credit” for BoxCast Inc.’s expansion that is expected to create 71 new full-time positions. UPS Supply Chain Solutions, Inc. received “a 1.505 percent, seven-year Job Creation Tax Credit” for a new project in West Chester that will add 130 full-time positions, “generating $5.5 million in new annual payroll.” For more, read the full article

JobsOhio/ODSA, Regional Updates, State Updates

Ohio senators and representatives unite to pitch state to Amazon for $5B HQ2

The “congressional delegation in closely divided Ohio” is decidedly not divided over the desirability of landing Amazon’s second corporate headquarters in the state, the Tribune Chronicle reports. In a letter dated October 5, “both Ohio senators and all 16 representatives of both parties pitched Amazon CEO Jeffrey Bezos on the state’s assets,” according to the article. Those assets include “Ohio’s advantageous location, high-quality higher education network, large and talented workforce, robust transportation infrastructure and ‘business-friendly’ environment.” Several cities in Ohio are promoting their communities to the retail giant, including Cleveland, Columbus and Cincinnati. The Youngstown Warren Regional Chamber is “advocating for Enterprise Park at Eastwood” and submitting its proposal to “economic development organization Team NEO and JobsOhio, which has an existing relationship with Amazon and is coordinating submissions from across Ohio to Amazon.” For more, read the full article

JobsOhio/ODSA, Regional Updates, State Updates

Ohio “among top states” for economic development

A survey that tracks trends in economic development found Ohio “ranks No. 3 in the U.S. for state economic development organizations,” the Dayton Business Journal reports. The survey of corporate executives, called the “Winning Strategies in Economic Development Marketing,” is “conducted every three years by the Development Counsellors International [DCI],” according to the article. Ohio “trailed only Georgia and South Carolina” in the report, which “showcases the efforts of JobsOhio.” DCI President Andrew T. Levine said the survey “provides insights into the minds of key decision makers” and that information “can be crucial to communities looking to set themselves apart from other locations.” For more, read the full survey and the Dayton Business Journal article. 

JobsOhio/ODSA, Regional Updates, State Updates

State approves tax credits for eight projects expected to bring $377M in total investments

The Tax Credit Authority recently approved tax incentives totaling approximately $17.7 million for eight projects that could bring $377 million in investments and 3,792 new jobs to Ohio, Gongwer reports. The “proposals brought forward by JobsOhio” include “two new warehouse sites for e-commerce giant Amazon (see our September 8, 2017 blog post)” in North Randall and Monroe that would create 2,000 and 1,000 new jobs, respectively, according to the article. Other recipients include Joseph Manufacturing Company, Inc.’s project that is expected to create “287 full-time positions, generating $7.8 million in new annual payroll,” and Workstream, Inc.’s project that would “create 45 full-time positions, generating $1.4 million in new annual payroll.” Silfex, Inc. “expects to create 400 full-time positions” totaling $20.7 in new annual payroll (see our September 7, 2017 blog post). Synova, LLC expects to add 20 full-time positions; Fresh Unlimited, Inc. plans to add 25; and Beach Communications, LLC expects to create 15.

Financial Incentives, JobsOhio/ODSA, Regional Updates, State Updates

Ohio offers $11M in tax credits as Amazon eyes two more facilities in state

Monroe and North Randall could be the newest Ohio locations for Amazon distribution centers, and the state is offering $11.6 million in tax credits to help make that happen, The Columbus Dispatch reports. Amazon “officially announced plans for the North Randall project” that includes a $100 million investment “to develop an 855,000-square-foot center employing 2,000 workers earning $55.4 million a year,” according to the article. Amazon would invest $30 million in the Monroe project, which is expected to create “1,000 jobs with an annual payroll of $26.7 million if the company goes ahead with the project.” The Dayton Business Journal reports that a JobsOhio spokesperson “said it will continue to work with the company” and that the combined $11.6 million tax credit from The Ohio Tax Credit Authority was “an important step.” For more, read the full Columbus Dispatch and Dayton Business Journal articles. 

 

Financial Incentives, JobsOhio/ODSA, Regional Updates, State Updates

ODSA program offers low-interest loans for energy efficiency improvements

The Ohio Development Services Agency’s Energy Loan Fund is accepting applications from eligible organizations seeking low-interest financing for energy efficiency improvements. The fund offers loans from $250,000 up to $2.5 million for projects to install efficiency measures that reduce energy by at least 15 percent. Those eligible to apply include small businesses, manufacturers, local governments, nonprofit organizations, school districts, colleges and universities. For program guidelines and information on the application process, click here

JobsOhio/ODSA, State Updates

Cliffs Natural Resources plans to build $700M iron processing plant in Toledo

Cleveland-based Cliffs Natural Resources, an iron ore and mining company, has chosen Toledo as the location for a $700-million facility that would be the first of its kind in the Midwest, Crain’s Cleveland reports. The new iron processing plant “will have the capacity to produce 1.6 million tons of hot briquetted iron (HBI) per year” to be used in steel making. The project is “under consideration to receive about $30 million in grants and [other incentives] from JobsOhio,” while the city of Toledo will “provide a Toledo Expansion Incentive of 30% for ten years.” Cliffs would create 130 permanent jobs as well as “1,200 construction jobs over the next two years” if the project is confirmed; the plans are contingent on receiving final approvals for financial incentives. For more, read the full article

Financial Incentives, JobsOhio/ODSA, Regional Updates, State Updates

$55M Springfield project adds to growing international investments in Ohio

Japanese company Topre America Corp.’s plans to build “a $55 million plant in Springfield” is part of a “robust spate” of foreign investments in Ohio, the Dayton Business Journal reports. The Tokyo-based manufacturer “is promising to bring 85 new jobs and $3.4 million in payroll to the city as it sets up a new stamping and manufacturing site” at a former International Harvester plant. The Ohio Tax Credit Authority approved a 1.2 percent, seven-year tax credit to Topre for the project. JobsOhio Senior Managing Director Kristi Tanner said, “Topre’s commitment to Springfield is another example of the significant role foreign direct investment is playing in Western Ohio,” noting the company will bring “advanced automotive manufacturing and 85 new jobs to a facility that stood empty for too long.” A 2016 JobsOhio survey found “about 3,600 international companies employ 224,000 people” in Ohio, with Japanese entities making up 29 percent of that total. For more, read the full article

Financial Incentives, JobsOhio/ODSA, Regional Updates, State Updates

Miami Valley manufacturer plans $73M renovation and expansion project

Emerson Climate Technologies, “[o]ne of the largest manufacturers in the Miami Valley,” is asking for government funds for a proposed $73-million substantial renovation and addition to its campus, the Dayton Business Journal reports. Emerson, which manufactures heating, air conditioning, ventilation and refrigeration products, employs about 1,600 people at its Dayton and Sidney offices. The Dayton-Montgomery County Port Authority approved “about $73 million in financing . . . to help pay for the pending construction work,” according to the article. JobsOhio and the Dayton Development Coalition are also working with the company on the project, which would include adding on to the current facility and rebuilding laboratory space. For more, read the full article

Financial Incentives, JobsOhio/ODSA, Regional Updates, State Updates
  • 1
  • 2
  • 3
  • 4