Xenia creates Community Improvement Corporation to boost economic development

The City of Xenia has approved establishing a Community Improvement Corporation (CIC) to “encourage and facilitate economic, industrial and commercial development in the city,” the Dayton Daily News reports. City Manager Brett Merriman said the CIC “will help fix up blighted properties or aid properties that are currently underused,” according to the article, noting the corporation’s flexibility to do things that the city cannot, such as “acquire and sell land and get financing for real estate.” The Xenia CIC will also “play a role in establishing a downtown Main Street program.” For more, read the full article.

Economic Development, State Updates