OEDA Dateline Newsletter
   October 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
 
 
Exports in U.S. Foreign-Trade Zones Reach Record High in 2012,
more than double since 2009;
Impressive Growth Also Continues in Northeast Ohio’s FTZs

NEOTEC
September 30, 2013 
The Northeast Ohio Trade & Economic Consortium (NEOTEC) reports that Northeast Ohio’s Foreign-Trade Zones 40 and 181 have once again paralleled the national trend of substantial growth in FTZ activity with impressive increases in exports in 2012. The two zones saw a 30.3 percent increase in exports in 2012 from 2011 to a record-high $973.5 million, which far exceeds the 4.3 percent increase in overall U.S. goods exports during the year. FTZs 40 and 181 also reported an overall increase of 7 percent in total merchandise shipped (both foreign and domestic) in 2012. NEOTEC serves as administrator of both zones, which cover more than 11,000 acres at 50 sites throughout the region.

The U.S. Foreign-Trade Zones program has seen exports more than double since 2009, contributing to the National Export Initiative’s goal of doubling exports by 2014.

Click Here to read this Press Release in its entirety
 
 
U.S. Sen. Sherrod Brown announces Ohio recipients of U.S. Economic Development Administration funds

DevelopOhio

September 30, 2013 

Last week, U.S. Sen. Sherrod Brown (D-OH) announced several Ohio entities and projects that will receive grants through the U.S. Economic Development Administration (EDA) to spur economic development and create jobs:

  • Ohio State University (OSU), together with four regional economic development districts – the Buckeye Hills-Hocking Valley Regional Development District (RDD), the Reno/Eastgate Council of Governments (RCOG), the Youngstown/Northeast Ohio Four County Regional Planning and Development Organization (RPDO) and the Akron/Ohio Mid-Eastern Governments Association (GA) – will receive a $199,766 grant to create an advanced manufacturing hub that will serve a 25-county region of Ohio. The group will also "develop a strategy to help the region increase competitiveness, economic growth and job creation."
  • The Dayton Development Coalition (DDC) and its partners will receive a $200,000 grant to "assess the development and production of the Dayton region's Unmanned Aerial Systems (UAS) industry." DCC partners include the Wright Brothers Institute in Dayton and SRI International of Menlo Park, California.

Click Here to read more.

 
 
H.B. 289 Would Require Approval
from Real Property Owners and Lessees before a Joint Economic Development District or Zone could be Approved, Amended or Renewed


DevelopOhio

  October 10, 2013 
On Tuesday, Ohio Rep. Kirk Schuring (R-Canton) introduced legislation to require subdivisions to obtain written approval from owners and lessees of real property located within a proposed or existing joint economic development zone (JEDZ) or joint economic development district (JEDD) before approving, amending or renewing the JEDZ or JEDD contract. Additionally, H.B. 289 would require that income tax revenue derived from a JEDZ or JEDD approved, amended or renewed after the bill's effective date be used to carry out the JEDZ or JEDD economic development plan before being used for other purposes. The bill also would institute contiguity requirements for JEDZ or JEDD territory. For more, read the full text of H.B. 289.
 
 
Austin Powder to Expand
Economic Development Incentives Retain
200 Jobs in McArthur Area

Shanelle Hinkle-Moore

Columbia Gas of Ohio


 
  L-R:  
John Molinaro, APEG President
  & CEO, Mike Gleason, President of Austin
  Powder Holdings Company, Keith Mills,
  Plant Manager, Jack Partridge, Columbia
  Gas of Ohio President, and David Mustine,
  JobsOhio Managing Director.



Austin Powder announced plans at a recent media event to build a $16.8 million manufacturing facility at its Red Diamond Plant in Vinton County.  The event was attended by local and state officials, as well as representatives of the county's congressional delegation, JobsOhio, the Appalachian Partnership for Economic Growth (APEG), and Columbia Gas of Ohio.

The investment is a "vote of confidence" for the continuation of the plant in Vinton County, said plant manager Keith Mills, adding, "this secures the Red Diamond facility here."

Click Here to read more.
 
 

Greater Akron Chamber (GAC) & Development Finance Authority of
Summit County (DFA)
Host Non-Traditional Sources of Capital Finance Seminar

Development Finance Authority of Summit County (DFA) and the Greater Akron Chamber (GAC) are hosting a free seminar about nontraditional sources of capital financing on Oct. 31 for area businesses, finance institutions and community and economic development organizations.

Seminar presenters will be area legal and finance professionals. Topics will include an overview of the bond market, benefits of port authority financing, debt instruments used by the Development Finance Authority, as well as clean-energy bonds, and a federal program that provides incentives to attract foreign investments.

The seminar called Non-Traditional Sources of Capital Finance will run from 8 a.m. to 3 p.m. at the Austen BioInnovation Institute in Akron auditorium location 47 N. Main St. Registration and breakfast will begin at 8 a.m. A complimentary lunch will be served.

To register and view a full agenda visit the Development Finance Authority’s website, www.developmentfinanceauthority.org upcoming seminars page under “News & Events”.

 
 
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
Portfolio Assistant, Ohio Statewide Development Corporation (OSDC)
Click Here for more information

Economic Development Director
, Madison County Chamber of Commerce
Click Here for more information

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



 
In This Issue
Exports in U.S. Foreign-Trade Zones Reach Record High in 2012, more than double since 2009; Impressive Growth Also Continues in Northeast Ohio's FTZs

U.S. Sen. Sherrod Brown announces Ohio recipients of U.S. Economic Development Administration funds

H.B. 289 would require approval from real property owners and lessees before a joint economic development district or zone could be approved, amended or renewed

Austin Powder to Expand

Greater Akron Chamber (GAC) & Development Finance Authority of Summit County (DFA) Host Non-Traditional Sources of Capital Finance Seminar

Join or Renew your 2013 OEDA Membership

OEDA Job Listings

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