OEDA Dateline Newsletter
  August 2013
 
 
 
Through advocacy, networking, and professional development, OEDA provides its members with resources to better inform leaders about the importance of economic development in their community.  The OEDA newsletter provides a forum for the exchange of ideas, principles, practices, and ethics in the field of economic development.  Please feel free to submit articles and announcements to oeda@assnoffices.com
 
 
2013 Annual Summit Hotel Information
The Columbus Marriott Northwest will be the host site of the 2013 Ohio Economic Development Association Annual Summit. The Columbus Marriott Northwest is located at 5605 Blazer Parkway, Dublin, OH 43017.

You may book your hotel room now for the 2013 Annual Summit! A limited number of rooms have been blocked for the nights of October 22, 23, and 24 at the discounted rate of $135 per night for single and double rooms. The reservation deadline is October 1, 2013.

You may make your reservation online by Clicking Here or you may make your reservation by calling 1-888-801-7133 be sure to mention that you are booking your room in conjunction with the Ohio Economic Development Association Annual Summit.

The Annual Summit schedule and registration information will be released soon!!!!!!!


 
 
Ohio Development Services Agency
Offers Financing Programs for
Small and Minority Businesses

Stephanie Gostomski
For a small business, access to capital can mean the difference between success and failure.  In Ohio, we want all companies to succeed which is why the Ohio Development Services Agency has financial-support programs for small and minority-owned businesses. The programs provide eligible businesses with loan collateral, surety bonding, working capital loans and low-interest loans. They are easy to use and have proven to be a successful tool for businesses across the state!

Click Here to read this article in its entirety
 
 
Ohio's Budget Bill Allows Local Governments to Discuss Economic Development Deals in Executive Session

Develop Ohio
August 16, 2013

S.B. 59, Ohio's recently passed budget bill, expands Ohio Revised Code 121.22 to allow local governments to meet behind closed doors under certain circumstances to discuss pending economic development awards, Cincinnati Enquirer reports. Supporters of the provision applaud the new ability of local governments to discuss such awards confidentially, arguing that it enables officials to make informed decisions with confidential company data that prospective award recipients likely would not disclose in the public meeting context. Opponents of the measure, however, say that there is no evidence that the prior open meetings requirements jeopardized economic development opportunities and that expanding executive sessions could "lead to less public input and more mistakes; even more corruption," the article said.

For more, read the full story.
 
 
Ohio Tax Credit Authority
Approves 10 Projects

Develop Ohio
August 7, 2013

Last week, Gov. John Kasich announced that the Ohio Tax Credit Authority (TCA) had approved 10 projects set to create more than 1,200 jobs and retain 1,047 jobs statewide and to generate more than $53 million in new payroll and $92 million in investments across the state. The approved projects are:

Exel Direct, Inc. will receive a 50 percent, seven-year Job Creation Tax Credit to create 95 full-time positions for its new project at a location that has yet to be determined.

Click Here to read this article in its entirety

For more, read the full press release.
 
 
Another New Business Opens with the Help of Ohio Statewide Development Corp.

Steve Shuleva, Loan Officer, Ohio Statewide Development Corporation

Buckeye Lake Winery, central Ohio’s newest winery, opened over the July 4th holiday.  After 4 years of planning and construction, several bottles of wine were opened to celebrate the new restaurant and winery which is located on a popular fishing and boating lake east of Columbus, Ohio.  Fairfield National Bank partnered with Ohio Statewide Development Corporation (OSDC) to provide the SBA 504 financing for this unique project.

Click Here to read this article in its entirety.

 
 
Negotiate for Government Loans
Based Upon the 4 P's of
Government Based Finance
Government Financing Offers Needed Alternative
in a Post Financial Crash World


David J. Robinson, Principal, The Montrose Group, LLC

The collapse of the financial services industry has changed the way
companies gain financing. Government offers strong financing option.
However, gaining financing from the government requires an approach
that involves the 4 P’s of government based financeundefinedprograms, politics, process and players.

What type of government loan a company can gain depends on the stage and industry of the company. In Ohio, early stage companies nearing market entry and larger R&D organization in targeted tech-sectors have a wide range of loans and grants available through the Ohio Third Frontier program that include:

Commercial Acceleration Loan Program- $500,000 to $2M forgivable loans to Ohio for-profit companies addressing technical and cost barriers to commercialization of high-tech products and processes for companies that have gained venture capital or angel funding.

Industrial R&D Center Program- $5M to recruit major corporate, non-profit or federal R&D centers.

Click Here to read this article in its entirety
 
 
Critics Accuse Local Governments of Misusing Joint Economic Development Districts to Replace State Funding Cuts

Develop Ohio
July 29, 2013

Critics say townships are misusing the state law that established joint economic development districts and zones, or JEDDs and JEDZs, The Columbus Dispatch reports (See our June 18, 2013, blog post for more information). Ohio law authorizes townships and cities to form JEDDs and JEDZs to promote economic development. The districts and zones are governmental entities with broad powers, including the ability to levy an income tax. Although the laws authorizing JEDDs and JEDZs took effect 18 years ago, one third of the state's 51 economic development have been created in just the past four years – "when the state began to cut funding for local governments," the article said. Therefore, critics argue, it appears that townships are using JEDDs and JEDZs to replace state funding cuts, rather than to serve the economic development purposes intended by the law.

For more, read the full story.
 
 
Buckeye Hills Executive to Serve on National Development Board

Gwynn Stewart, Buckeye Hills-Hocking Valley Regional Development District

Buckeye Hills-Hocking Valley Regional Development District (BHHVRDD) is pleased to announce that its Executive Director Misty Casto has been elected to The National Association of Development Organizations (NADO) 2013-2014 Board of Directors representing the Midwest Region.

The board term will begin with the 2013 NADO Annual Business Meeting on August 27 in San Francisco, CA. NADO provides advocacy, education, research, and training for the nation’s regional development organizations.

Click Here to read this article in its entirety

 
 
DDC's Hoagland named 2013
Regional Leader of the Year

Dayton Business Journal
July 22, 2013

Jeff Hoagland, president and CEO of the Dayton Development Coalition, has been named the recipient of the 2013 Regional Leader of the Year award by the Dayton Business Journal.

Hoagland is the ninth winner of this prestigious honor that goes to one person each year as part of the DBJ's Business of the Year Awards program. He is the second Coalition executive to win the honor, as J.P. Nauseef was the winner of the first Regional Leader award in 2005 after leading the Coalition to the BRAC victory (full list of past winners is at the end of this story).

Click Here to read this article in its entirety
 
 
OEDA Board Member Chris Xeil Lyons Named One of Cincinnati's
Forty Under 40 Winners

Cincinnati Business Courier

August 1, 2013

The Business Courier announced this year’s class of Forty Under 40 winners and will honor them at a luncheon event on Sept. 19 at Cincinnati’s Music Hall.

Forty Under 40 recognizes Greater Cincinnati’s next generation of young leaders and innovators undefined people who have already made a mark professionally and in the community. Here are the 2013 winners:

Click Here to read this article in its entirety
 
 
From the Regional Economic
Development Organizations

Nick Reshan, Marketing Coordinator, Columbus 2020

On behalf of Columbus 2020, I will be sharing the good news happening in the Columbus Region with you and other Region partners and allies, such as the latest press seen below including notable rankings and announcements.

 

Please feel free to send me any articles or information you would like to be included in next Friday's email. Thank you!


Click Here to read more!

 
 
Join or Renew Your 2013
OEDA Membership Today!
Ohio's economic development professionals are the leaders in our communities in developing initiatives and programs that will help Ohio companies and communities find success.  It is vitally important for us to work together to keep and attract jobs to Ohio.

Through continued collaboration we will become more proactive and effective in our job retention and creation efforts.

Through the OEDA we advocate for funding for economic development programs at the State level.  We advocate for improvements to State and local incentive programs.  And we build awareness with legislators and community stakeholders of the successes of Ohio and of the increasing national and international competition for jobs.

In 2013, the OEDA will provide forums and professional development opportunities where practitioners, from new to seasoned, can identify fresh initiatives and workforce programs to implement in their communities.

For information on membership categories, membership benefits and how to purchase your membership please visit:

 
 
OEDA Job Listings
Operational Assistance Signature Consultant, Ohio University
Click Here for more information.


President and Chief Executive Officer, Seneca Industrial & Economic Development Corporation
Click Here for more information.


 
In This Issue
2013 Annual Summit Hotel Information

Ohio Development Services Agency Offers Financing Programs for Small and Minority Businesses

Ohio's Budget Bill Allows Local Governments to Discuss Economic Development Deals in Executive Session

Ohio Tax Credit Authority Approves 10 Projects

Another New Business Opens with the Help of Ohio Statewide Development Corp.

Negotiate for Government Loans Based Upon the 4 P's of Government Based Finance

Critics Accuse Local Governments of Misusing Joint Economic Development Districts to Replace State Funding Cuts

Buckeye Hills Executive to Serve on National Development Board

DDC's Hoagland named 2013 Regional Leader of the Year

OEDA Board Member Chris Xeil Lyons Named One of Cincinnati's Forty Under 40 Winners

From the Regional Economic Development Organizations

Join or Renew your 2013 OEDA Membership

OEDA Job Listings

Spread your good news!
 
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