Twinsburg plans to install EV charging stations with NOPEC grant money

Electric vehicle (EV) owners in the Twinsburg area may soon have more options to charge away from home, as the city plans to install one or more EV charging stations, MyTownNEO reports. Mayor Ted Yates said at a recent City Council meeting “the city’s $42,000 energized community grant from the Northeast Ohio Public Energy Council [NOPEC] will likely be used to create at least one station,” according to the article. Yates said “if the price is right” the city may consider multiple charging station locations, with installation complete by August or September. The primary goal of energized community grants “is to help communities implement energy savings or energy infrastructure measures.” Twinsburg has used previous grants to improve lighting in city buildings. For more, read the full article.

Environmental, Project Finance, State Updates

Ohio plans to become fourth state to offer residential PACE financing

Joining California, Florida and Missouri, Ohio will soon be the fourth state to offer residential PACE (property assessed clean energy) programs. The City of Bexley in Franklin County and the City of Toledo in Lucas County have authorized agreements with the Toledo-Lucas County Port Authority to offer residential PACE (RPACE), allowing homeowners in those cities access to low-interest loans for energy efficiency improvements. Summit County will make RPACE financing available to homeowners in communities that have joined the Akron-Summit County Energy Special Improvement District (ESID), Cleveland.com reports. Homeowners who “are making energy efficiency improvements” to “HVAC, furnace, roofing, windows and doors, insulation” and other systems “can finance the up-front costs and then pay back the loans through a voluntary assessment” on their property tax bill, according to the article. Residential PACE is expected to roll out statewide by the end of 2019. For more on Summit County RPACE financing, read the full article.

Energy Efficiency, Project Finance, State Updates

Cincinnati Development Fund receives $40M allocation for economic development

An Over-the-Rhine-based nonprofit lending institution, Cincinnati Development Fund Inc., that “fills gaps not covered by traditional lenders,” received a New Markets Tax Credit allocation of $40 million, the Cincinnati Business Courier reports. Joe Huber, chief operating officer of Cincinnati Development Fund, said “the allocation will allow the organization to partner with other community development entities to stretch its $40 million allocation to as many projects as possible,” helping “a number of projects come to fruition that otherwise would not happen,” according to the article. Huber said the goal of the program “is to drive investment into underserved communities, stimulate economic development, and create quality jobs and opportunities for all residents of these distressed communities.” For more, read the full article.

Economic Development, Project Finance, State Updates

DOE funding projects to develop next-gen wind turbine drivetrain technologies

Four projects that “will develop more efficient, smaller and lighter-weight generators” for wind turbines “to lower costs and make wind power more affordable” will receive funding from the U.S. Department of Energy (DOE), nawindpower.com reports. The DOE has “selected four projects totaling up to $8 million to develop next-generation wind turbine drivetrain technologies for onshore and offshore applications,” according to the article. Two projects, by ABB Inc. of Raleigh, NC, and WEG Energy Corp. of Duluth, GA, “are developing direct-drive permanent-magnet designs.” The other two, by American Superconductor Corp. of Ayer, MA, and GE Research of Niskayuna, NY, “will develop superconducting generators.” The DOE will select one project “to receive up to $6.4 million to build and test a scaled prototype of the generator on a wind turbine.” For more, read the full article.

Federal Updates, Project Finance, Renewable Energy

Zanesville begins talks about new Downtown Redevelopment District

The City of Zanesville is considering a request from property owners to create a new Downtown Redevelopment District (DRD), the Zanesville Times Recorder reports. Zanesville currently has a DRD “containing portions of Third, Fourth, South and Main streets”; the new DRD would be “based on the properties located around Sixth Street,” according to the article. Property owners and the city “would benefit from the payments derived from the increased assessed value of any improvement to real property” if the DRD is established. The city could pull up to 70% of the increase in value “and use that money to help historical properties with improvements like repairing facades or fixing code corrections,” among others. For more, read the full article.

Economic Development, Financial Incentives, Project Finance

Delphos kicks off Energy District with city project

Businesses, government, healthcare, and educational facilities in Delphos have access to Property Assessed Clean Energy (PACE) financing now that the city is an Energy District, the Delphos Herald reports. Safety Service Director Shane Coleman “signed the paperwork for an $8,000 loan . . . for an energy-efficient lighting project at the water treatment plant,” kicking off the Energy District, according to the article. The district is sponsored by “the Toledo-Lucas County Port Authority through its Betterbuildings Northwest Ohio [BBNWO]”; financing will come from the BBNWO’s PACE program. Eligible projects include upgrades to energy efficiency for lighting, HVAC, and refrigeration, among others. For more, read the full article.

Energy Efficiency, Financial Incentives, Project Finance, State Updates

Bexley says CRA could fund Mayfield Place remediation and remodel

Bexley City Council is considering a Community Reinvestment Area (CRA) agreement that “would enable a private developer to environmentally remediate and remodel an apartment complex” in southwest Bexley, according to Mayor Ben Kessler, ThisWeek Community News reports. Ordinance 12-19, if approved, would allow “for a 100 percent, 15-year tax abatement on the new improvements” to Mayfield Place, according to the article. The legislation states that the developer “would undertake environmental remediation of contaminated soil at the Mayfield Place in accordance with the Ohio Environmental Protection Agency’s Voluntary Action Plan.” Council member Richard Sharp noted the city would not abate current taxes, but “future improvement and value.” For more, read the full article.

Economic Development, Environmental, Financial Incentives, Project Finance

Brecksville considers TIF for mixed-use project

The City of Brecksville is considering a TIF agreement to help finance the mixed-use Valor Acres development project proposed for the former U.S. Department of Veterans Affairs Brecksville hospital site, Cleveland.com reports. The 103-acre Valor Acres “may include stores, restaurants, apartments, hotels, hospitals, manufacturing plants, offices and-or laboratories,” according to the article. New property taxes generated from the development would fund infrastructure improvements; Mayor Jerry Hruby said in an email to Cleveland.com, “[w]e believe (a TIF) is the best option to develop the (Valor Acres) property and the area infrastructure.” Brecksville-Broadview Heights schools would not lose any existing property taxes under the TIF. For more, read the full article.

Economic Development, Financial Incentives, Project Finance, State Updates

Medina looking to create ESID to enable PACE financing

An Energy Special Improvement District (ESID) could be up and running in Medina by the summer, allowing businesses to use Property Assessed Clean Energy (PACE) financing, The Gazette reports. Medina Economic Development Director Kimberly Marshall and Medina County Economic Development Corp. Executive Director Bethany Dentler have been working on creating an ESID board “that would oversee projects funded through a PACE lender,” according to the article. Marshall “said she’s been approached by a couple of businesses interested in PACE financing,” and Dentler said PACE financing is “gaining popularity in the state of Ohio. . . . We want to use this tool.” For more, read the full article.

Economic Development, Project Finance, State Updates

Historic Dayton Arcade revitalization project is underway

With this week’s financial closings, the historic Dayton Arcade revitalization project is underway. For more, read the full article

Economic Development, Financial Incentives, Project Finance, Renewable Energy
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