OEDA Dateline Newsletter
  February 2014
 
 
 
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
 
 
Controlling Board Approves Seven Ohio Third Frontier Loan Requests Totaling more than $7 million

DevelopOhio
January 29, 2014
Last week, the Controlling Board for the State of Ohio approved seven Third Frontier loan requests totaling more than $7 million, according to the Gongwer Ohio Report. In December, the Ohio Third Frontier Commission "announced $12.8 million worth of awards,” which include the seven projects approved by the board (See our Dec 17, 2013, blog post – "Ohio Third Frontier approves $12.8 million in funding for 16 projects").

For more, read this Ohio Development Services Agency news release.
 
 
Business Incubator is Ranked Best in Ohio

Cincinnati.com
February 2, 2014

Seven years ago, emersion DESIGN’s four employees generated $490,000 in sales in their first 12 months.

Last year, the 27-person architecture, interiors, planning and engineering firm booked $5.2 million in sales and opened a second location in Boston.

Its local projects include a stunning renovation of the Cincinnati Art Museum’s Art Academy building.

Emersion DESIGN is one of Hamilton County Business Center’s 49 tenant companies, and its success helps explain why the Ohio Third Frontier just ranked HCBC the best business incubator in Ohio.

Now celebrating its 25th year, the HCBC enjoys strong relationships with the region’s network of investors, accelerators and entrepreneurs.

Last year, its tenant companies generated more than $17 million in revenues and created 41 jobs.

Click Here to read more.

 
 
ED Now Feature:  How Creativity, Perseverance and the Right Private Partner Brought New Life to a Historic Downtown

By Jody T. Gunderson and Liz Hayden,
City of Hamilton, Ohio
 

Downtown Hamilton has come a long way in 10 years. Hamilton, a community of 62,000 in the southwestern part of the state, has faced economic challenges due to the decline in its manufacturing base. But the condemnation of a group of prominent, historic downtown buildings in 2003 was a watershed moment: City leaders saw the need to the save character of Hamilton’s urban core, which sets it apart from the surrounding suburban townships.

In 2007, the City partnered with Coon Restoration to restore these historic buildings. Since then, the partnership’s actions have spurred public and private investment of $12 million in its downtown and the transformation of multiple historic structures. The once-condemned buildings are now the Mercantile Lofts, a mixed-use development anchored by market-rate apartments; a vacant newspaper facility has been transformed into a cultural and educational hub; and a 147-year-old opera hall has been renovated into high-end offices.

Due to its impact on downtown Hamilton, this public-private partnership won the International Economic Development Council’s 2013 Gold Excellence in Economic Development Award. Its success is largely due to three factors: A visionary private partner, persistence in seeking financing, and a willingness to explore creative solutions to obstacles. The lessons of this public-private partnership are applicable to many cities struggling with the same challenge of kick-starting a downtown renaissance.

For more information on the partnership, please read the IEDC article here.

 
 
HB 319 to Create a New Fund to Assist Natural Gas Infrastructue Development

By Shanelle Hinkle-Moore
Columbia Gas of Ohio

State Representative Cheryl Grossman recently presented a testimony in support of House Bill 319. The bill would allow natural gas utility companies to file an application with the Public Utilities Commission of Ohio (PUCO) for approval of an infrastructure development rider to cover incurred infrastructure development costs in certain economic development projects.

In the most recent survey of site selectors, utility infrastructure ranked third out of ten in the top site selection factors.  Companies have found the costs to extend infrastructure to development sites to be a significant capital consideration.

For a project to be eligible for the funds, the project must create new jobs or retain jobs in Ohio, be a certified SiteOhio project site, or an economic development project in an area with inadequate natural gas infrastructure. The natural gas utility would submit a proposal to the PUCO to consider approval.

Passing House Bill 319 into legislation will provide an incentive for new investments in Ohio, enhance local economic development potential, create job opportunities, grow tax bases, increase access to natural gas service in underserved areas in Ohio, and benefit local governments or economic development establishments by creating tool to mitigate potential barriers to companies considering investment in Ohio.

Click here to read more about
HB 319 and State Representative Grossman’s testimony.

Link:

 
 
Troy Development Council Releases New Professional Recruitment Website

By J.C. Wallace
Troy Development Council


This week the Troy Development Council in Troy Ohio released our new professional recruitment website to the public – www.troyohiousa.com.  To all my OEDA colleagues, I highly recommend that you check this out!

In 2012 when we went through our  three year funding drive with the Resource Development Group, we had a number of companies that said what they needed most was help getting senior managers, engineers, doctors, educators and other professionals to move to a small town in Ohio.  Their HR departments were all promoting the same attributes about Troy and Ohio but only had our printed brochure.

We developed ten high definition streaming videos about moving here with the help of Crosspointe Interactive.  We originally planned on putting these on a YouTube Channel but Crosspointe had the technology to stream these on smart phones, ipads and PCs without the junk on the right hand side of YouTube. Note that we avoided talking heads and advertising.

Our recruiters are very happy to have the tool and our companies and organizations are seeing greater value in community-wide collaborative projects.  It took a while to get this far but I know it will definitely be worth it.

 
 
How JEDZ have Fostered Growth
in the Toledo Area

DevelopOhio Blog and The Toledo Blade

When the Dana Corporation wanted to build a new 170,000 sq. ft. technical center in the Toledo area, three communities collaborated on a way to make the project successful and a foundation for additional growth in the surrounding area. A 550-acre Joint Economic Development Zone (JEDZ) was established in 2003 among the cities of Maumee and Toledo and Monclovia Township. Dana did build its facility within the JEDZ, and the area is experiencing ongoing investment from other companies over a decade later.

Click here to read more.

 
 
Cincinnati Port Authority wants to Transform Queensgate and Camp Washington into a Major
Manufacturing Hub

DevelopOhio
February 6, 2014

As the Port of Greater Cincinnati Development Authority seeks dedicated and sufficient funding to move forward with the major economic development goals it was tasked with upon its restructuring in 2010, details are emerging about a plan "to remake parts of Queensgate and Camp Washington," Cincinnati.com reports (See our Jan 27, 2014, blog post – "Cincinnati port authority looks for funding to move forward with major economic development goals"). The plan calls for transforming "1,200 acres of railyards, vacant patches and old manufacturing sites" into "an important, thriving hub of high-paying manufacturing, engineering and laboratory businesses near downtown." The agency will ask the Cincinnati City Council for $6 million to begin buying old industrial land as part of a $250 million investment to "clean up and prepare the area for reinvestment during the next 10 years," the article said. The port authority hopes that the initial $250 million investment of public, grant and foundation money sparks "$1 billion in private investment."

For more, read the full story.

 
 
Resources for Food Industry
Companies in Your Community

Mark your calendar for the Ohio Food Industry Expo, Thursday, Mar. 6, 2014 at the NorthPointe Hotel and Conference Center in Lewis Center, Ohio (just north of Columbus). The Ohio Food Industry Expo will be held where food manufacturers and auxiliary service providers can convene to discover new techniques, learn of industry trends, and identify valuable resources that will strengthen the already sizable industry of more than 1,000 food manufacturers in Ohio. For information on becoming an exhibitor, contact 419-535-6000, ext. 108., or visit the CIFT website at www.ciftinnovation.org .

Click Here for more information.
 
 
2014 Annual Summit Committee

The Annual Summit Committee is forming to begin planning the 2014 Annual Summit.  We are looking for interested volunteers to help in the planning of this OEDA signature event.  If you are interested, or want to find out more, please contact Committee Chairs, Jennifer Ekey (jekey@harrisonohio.gov) or Sarah Boyarko (sarah@regionalchamber.com) for more information.

 
 

MEDA Offering NDC's EDFP Courses
in Michigan at Discounted Rate to
Ohio Economic Development
Association Members


Course Schedule, Fees and Registration

Schedule

You can test out of ED101 Economic Development Finance if you missed the course in December and want to complete the series as ED101 is a prerequisite to ED201!  Call the NDC Training Office at (859) 578-4850 to find out how.

March 3-7, 2014
NDC ED201-Business Credit Analysis
Location: LCC West Campus, Lansing, MI
(Qualifies for EDFP Certification)


April 7-11, 2014
NDC ED202-Real Estate Finance
Location: LCC West Campus, Lansing, MI
(Qualifies for EDFP Certification)

 
June 9-13, 2014
NDC ED300-The Art of Deal Structuring
Location: LCC West Campus, Lansing, MI
(Qualifies for EDFP Certification) 


Fees for NDC Courses

MEDA and OEDA Members: $1,020 per Course - a $200 discount off of the regular fee

Non-Members: $1,250 per Course
NDC Courses are 5 days.

 
More Information


Register Now

Seating is limited.

 
 
Join or Renew Your 2014 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 2014, 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
Economic Development Director, Springdale, Ohio
Click Here for more information



 
In This Issue
Controlling Board Approves Seven Ohio Third Frontier Loan Requests Totaling more than $7 million

Business Incubator is Ranked Best in Ohio

ED Now Feature:  How Creativity, Perseverance and the Right Private Partner Brought New Life to a Historic Downtown

HB 319 to Create a New Fund to Assist Natural Gas Infrastructure Development

Troy Development Council Releases New Professional Recruitment Website

How JEDZ have Fostered Growth in the Toledo Area

Cincinnati Port Authority wants to Transform Queensgate and Camp Washington into a Major Manufacturing Hub

Resources for Food Industry Companies in Your Community

2014 Annual Summit Committee

MEDA Offering NDC's EDFP Courses in Michigan at a Discounted Rate to OEDA Members

Join or Renew your 2014 OEDA Membership

OEDA Job Listings

Spread your good news!
 
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