Posts Authored by Colin J. Kalvas

Canadian auto parts supplier to open first U.S. facility in Toledo

Toronto-based Axiom Group Inc., an auto parts manufacturer, plans to start construction soon on a new manufacturing plant in central Toledo “and create at least 250 new jobs,” The Toledo Blade reports. The facility will be Axiom’s first in the United States. The project “is contingent on receiving an incentive package” from JobsOhio and the Ohio Tax Credit Authority, and will receive loans from Lucas County Builds, “a development loan program created by the Lucas County Commissioners’ office,” according to the article. Perry Rizzo, president and CEO of Axiom, said, “[w]e see investing in Toledo as a fantastic location for our latest facility and we are pleased with the government support and the ‘open for business’ attitude.” For more, read the full article.

Economic Development, Financial Incentives, State Updates

Steel manufacturer plans Dayton area expansion, doubling its local workforce

Epix Tube Company, a steel manufacturer headquartered in Trotwood, “is planning to grow its Dayton-area operations with the purchase of a new facility,” an expansion that would add 60 to 75 new full-time jobs within the next five years, the Dayton Business Journal reports. Epix is looking to acquire a 278,000-square-foot facility on Marion Street in southwest Dayton; the company plans to perform upgrades to the site and purchase new equipment and machinery. The City of Dayton has “extended a $150,000 development grant” for the project and has requested $250,000 in Montgomery County Economic Development/Government Equity grant funding to help defray the cost of expansion. The new positions created by the expansion will generate between $2.9 million and $3.6 million in annual payroll. For more, read the full article.

Economic Development, Financial Incentives, State Updates

Columbus setting the “PACE,” according to Kalvas in Columbus Business First article

Not only is Ohio a Property Assessed Clean Energy (PACE) leader among other U.S. states, but, as of mid-2019, the Columbus region “had the largest total commercial PACE investment of any single metropolitan region in the nation.” According to public finance attorney and PACE advisor Colin Kalvas in his article “Columbus setting the PACE nationally for commercial energy efficiency and sustainability financing,” PACE is a winning option for a variety of stakeholders, including property owners, tenants and lenders.

Economic Development, Energy Efficiency, Financial Incentives, Project Finance, State Updates