Posts Authored by John Caleb Bell

JPMorgan Chase solar installation at Polaris office is second largest in the world

The parking lot at JPMorgan Chase’s McCoy Center at Polaris doubles as “a giant solar farm” that includes “about 40,000 [solar] panels covering about 165,000 square feet,” making it the second largest commercial office solar installation worldwide, The Columbus Dispatch reports. The bank, the largest private employer in the Columbus region, previously installed solar panels on the roof of the McCoy Center; combined with the parking lot installation, the panels will “meet 75% of the electricity needs” of the building, “said to be the largest single-user office building in the U.S. after the Pentagon,” according to the article. The bank set a “target to finance and facilitate more than $2.5 trillion over 10 years — including $1 trillion for green activities — to advance long-term solutions that address climate change and contribute to sustainable development.” For more, read the full article

Environmental, Renewable Energy, Solar, State Updates

Castellini takes on new position with Port of Greater Cincinnati Development Authority

The Port of Greater Cincinnati Development Authority has announced Todd Castellini, who has been serving as the organization’s public finance vice president since 2016, “will now lead the agency’s industrial redevelopment strategy” while continuing to serve in his current role, the Cincinnati Business Courier reports. The Port’s public finance practice “helps developers, the city and the county cut costs on major projects,” according to the article. The industrial vice president leads efforts to “raise capital from the private sector for its efforts to redevelop large-scale industrial sites throughout Hamilton County into modern manufacturing sites.” Port CEO Laura Brunner said, “[a]s we accelerate our industrial strategy and look for ways to increase our capital base, merging our industrial and public finance work under one leader makes good sense.” For more, read the full article

Economic Development, State Updates

More than 100,000 Ohioans work in clean energy jobs, report shows

A report from Environmental Entrepreneurs (E2) and the Clean Energy Trust shows the clean energy and vehicles sectors currently employ more than 103,400 Ohioans, according to a recent The Hannah Report article. Clean Jobs Midwest’s Ohio Fact Sheet shows “[t]he biggest sector of Ohio’s clean energy industry is energy efficiency, accounting for nearly 71 percent of the region’s clean energy jobs,” at 73,291. The fact sheet also outlines the gains in advanced transportation as “automakers and their suppliers continue to shift to electric vehicles,” noting electric vehicle (EV) jobs grew by 8.9 percent, “and are poised for future growth with supportive policies and significant commitments to EVs by major vehicle manufactures like Ford and GM and their suppliers.” To see the complete Clean Jobs Midwest Ohio Fact Sheet, click here

Energy Efficiency, Environmental, State Updates

Greenfield selected for economic development opportunity

The City of Greenfield “has been awarded an opportunity to not only further economic development in the village, but development in the industrial park” as one of five communities in a 25-county region selected for the Prepared Communities Program, The Times-Gazette reports. That program, through OhioSE and Bricker & Eckler, provides six hours of free virtual economic development planning assistance to selected communities. City Manager Todd Wilkin called Bricker & Eckler the “gold standard in economic development stimulation,” and said the city is excited to work with the Columbus-based law firm and OhioSE, according to the article. For more, read the full article.

Economic Development, State Updates

Municipal port authority would expand Middletown’s economic development options

Middletown City Council is planning to dissolve its Community Improvement Corporation (CIC) and create a municipal port authority to “enable the city to address its unique economic development needs,” the Journal-News reports. Port authorities have the same powers as CICs as well as additional powers including creating sales tax exemption programs, loan funding at competitive rates, directly incentivizing specific community needs such as additional infrastructure, and facilitating job creation projects, according to the article. City Economic Development Director Chris Xeil Lyons “said the tax-exempt status of port authorities has the advantage of passing savings on to private economic development projects, thus making complex projects possible that might not otherwise happen.” For more, read the full article.

Economic Development, Financial Incentives, State Updates