OEDA Dateline Newsletter
  April 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
 
 

Call for Presentations for the 2014 Annual Summit

OEDA invites you to submit a proposal to present at the 2014 Annual Summit, themed “Pushing the Envelope: New Outlooks in Ohio Economic Development,” to be held October 22 -24 at the Columbus Marriott Northwest.  The OEDA Annual Summit offers an opportunity for you to showcase solutions, initiate provocative discussions, and share effective strategies to the many challenges facing economic developers in Ohio.  We are particularly interested in showcasing case studies related to community economic development and workforce development initiatives.

Click Here for more information.

 
 

FREE Webinar for OEDA Members
Thursday, May 1
11:30 a.m. - 12:30 p.m.

 
EB-5 Immigrant Investor Program


Presenter:  Brian Hicks, Managing Director of MidAmerican Global Ventures

The Ohio Economic Development Association invites you to a Webinar meeting about EB-5 financing on May 1 from 11:30 AM ~ 12:30 PM. EB-5, also known as the Immigrant Investor Program, was created by Congress in the 1990s to spur economic development in rural and distressed communities.  In 2012, EB-5 program contributed $3.39 billion to U.S. GDP and supported over 42,000 U.S. jobs.  The upcoming Webinar is free and open to all members.

Columbus 2020, Toledo-Lucas County Port Authority, the Finance Fund, the Columbus-Franklin County Finance Authority and several other economic development organizations have partnered with Columbus-based MidAmerican Global Ventures to offer EB-5 financing services in Ohio.  Please join us on May 1 to learn how EB-5 financing can help local developers, investors, banks, company owners and economic development professionals across Ohio.

Click Here for more information & to register

 
 
OEDA Presents Building Competitive Advantage to Win Sales Training

Brought to you by The Ohio Economic Development Association and JobsOhio

Demonstrating competitive economic development sales skills is no longer just an option for economic development professionals who wish to be successful in retaining, growing, and winning quality jobs.  Participants will learn and apply skills to prepare, respond, and win in the fierce competition of economic development.

You’ll Learn how to:

·         Respond strategically to the prospect’s top 3 requirements for elimination and selection.

·         Uncover the prospect’s key drivers at every phase, every visit.

·         Make your presentation evolve from first to final visit.

·         Present to the C-level the way they are used to making capital decisions.

·         Build your competence and confidence to direct your local economic development team and Stop the Stupid Stuff that loses deals.


Click here for more information and to register.

 
 


 
 
GE Picks Cincinnati for 1,400 Job Operations Center

Cincinnati Business Courier
  April 10, 2014

Cincinnati is the new home of General Electric's new U.S. Global Operations Center, a project that will bring 1,400 new jobs to town.

Read the full story
 
 
Auto Parts Supplier to create 150 Jobs
at a Planned $50 Million Manufacturing Plant in Monroe

DevelopOhio
  March 19, 2014
Auto parts supplier UGN recently announced that it will break ground in April on a new, $50 million manufacturing plant in Monroe that is expected to create 150 jobs, the Cincinnati Business Courier reports. The facility is "contingent upon final approval of state and local incentives." Beginning in 2015, the 206,400-square-foot facility is expected to generate more than $7 million in wages and payroll. It will manufacture carpet and underfloor technologies for use in Japanese-produced automobiles, the article said.

For more, read the full story.
 
 
Ohio Investing in Technology and Startups
Third Frontier Supporting Entrepreneurs

Ohio Development Services Agency
Contact: Lisa Colbert
 

Today the Ohio Third Frontier Commission approved $920,000 to support entrepreneurs and accelerate technology in Ohio.

“Investing in startups and helping entrepreneurs get their ideas to the marketplace builds and strengthens Ohio’s technology economy,” said David Goodman, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission.


2014 Ohio Third Frontier ONE Fund Awardees

Ohio’s New Entrepreneurs (ONE) Fund is an innovative approach to attracting and retaining the best and brightest entrepreneurial talent in Ohio. This program supports Ohio business accelerators that help mentor and advance new entrepreneurs. The

Click here to read the News Release

 
 
Economic Development Academy
Shares Insider Perspective

Appalachian Partnership for Economic Growth (APEG)
 

How to attract new industry was the topic of a recent one-day seminar attended by more than 50 economic development professionals from Appalachian Ohio.  A team of site consultants who work nationwide with dozens of companies each year to locate new businesses and industries provided their perspective of what it takes to compete and win in this very competitive arena.

The seminar, which was held in Marietta, was the first in a three-part Community Economic Development Academy that will culminate in a mock site visit by the consultants to individual Appalachian Partnership counties.  The academy, sponsored by the Appalachian Partnership for Economic Growth (APEG) and funded by AEP Ohio, was attended by economic development professionals representing 17 counties.

Click here to read more.

 
 
Ohio Energy Loan Loss Reserve Program

Ohio Development Services Agency
 

The Ohio Development Services Agency’s Office of Energy and Redevelopment has created the Ohio Energy Loan Loss Reserve Program, which provides a credit enhancement mechanism to bolster lending for energy efficiency improvement projects through Ohio Port Authorities.  Eligible projects will demonstrate a reduction in energy usage and associated costs, avoidance of fossil fuel emissions and the creation and retention of jobs. 

While the number of Ports eligible to participate in this program is limited, financing will be available to applicants throughout the state.

For more information on the Loan Loss Reserve Program, please contact the Office of Energy and Redevelopment (614) 466-6797 or via email at EnergyRFP@development.ohio.gov.

 
 
MBR Legislation Changes
Ohio Economic Development Program

The Montrose Group, LLC


Governor John Kasich is a man of action.  He has the Ohio General Assembly focused on the Mid-Biennium Review (MBR). The MBR includes everything from budget corrections and reappropriation issues to agency regulator changes to major tax reform.  The MBR had so many substantive and budget changes the Ohio House decided to divide up the MBR bill into 14 different bills spreading out to a number of different House Committees for study.  The topics include taxes, higher education, K-12 education, gaming, workers’ compensation, environment, workforce, human services, veterans and of course revenues.

The Governor’s tax changes are probably the most controversial.  The Governor is working overtime to reduce the state’s top income tax bracket below five percent and to accomplish this tax reduction proposed to raise the state’s corporate tax known as the Commercial Activities Tax (CAT), tobacco taxes and the severance tax.  While it is not completely clear yet, compromise on the severance tax between the House and oil industry leadership may finally be possible.  This compromise would give the oil industry certainty and help fund state government.

Click here to read more

 
 
FTZ #138 Received $6.3 Billion
in Merchandise in 2013

Columbus Regional Airport Authority
Kim Snell

It was a phenomenal year for FTZ #138 as new reports indicate it received more than $6.3 billion in merchandise in 2013, more than double 2012’s record year of $2.75 billion.

“The FTZ saves businesses in Central Ohio millions of dollars every year in customs duties and other fees,” said Angie Atwood. “The convenience of a streamlined application process makes it easy for companies to be a part of FTZ #138, no matter where they are in our 25-county service area.”


Click here to read more
 
 
Ohio Statewide Development Corporation Recognizes Bank, Lenders and
Projects of the Year

Ohio
Statewide Development Corporation Awards Luncheon

COLUMBUS, Ohio – March 10,  2014 – The Ohio Statewide Development Corporation (OSDC) recently presented Fortner Upholstering, LLC and Holgate Care Center, LLC with the SBA 504 Loan Projects of the Year at their annual awards luncheon held at the Hilton Columbus Downtown on Februrary 12, 2014. Heartland Bank was honored as OSDC’s first Community Bank of the Year while Chase Bank was recognized as OSDC Bank of the Year for 2013.

Click here to read the Media Release

 
 
Colleen Gilger Named New Director of Economic Development

Media contact:
 Sue Burness, City of Dublin Public Affairs Officer

(Dublin, Ohio) – Director of Development Dana McDaniel has announced the promotion of Colleen Gilger to Director of Economic Development​ for the City of Dublin.

The Director of Economic Development is a member of the senior management team and is responsible for the overall development and supervision of the City’s economic development programs. Her position was effective January 1, 2014.

Click Here to read more

 
 
Johnna Reeder of Duke Energy
named CEO of REDI Cincinnati

DevelopOhio
  April 08, 2014

The Cincinnati USA Partnership was recently re-engineered to become the economic development initiative REDI Cincinnati, the Cincinnati Business Courier reports. Chief executive of this new entity is Johnna Reeder, who is assuming the position after most recently serving as the head of economic development operations at Duke Energy. In its previous incarnation, the economic development entity was part of the Cincinnati USA Regional Chamber (See our Oct 5, 2013, blog post for more information). Last month, executives announced that it would be restructured and rebranded under the new name, Cincinnati.com reports.

For more, read the full Cincinnati Business Courier and Cincinnati.com stories.

 
 
JobsOhio/Team NEO Annual Report
to the Region
Event to be held at the following time and date:  Tuesday, April 29, 2014 from 8:00 AM to 10:30 AM (EDT)

Event registration is by invitation only.  Register with your email address to attend this event.  Please join JobsOhio and its regional partner Team NEO for a presentation of JobsOhio's 2013 results and 2014 strategies.

Guest speaker Christopher Steele will share his views on how to use incentives to get the greatest return on investment for your community.  You'll learn when an incentive is an effective and appropriate tool to try to seal the deal and when incentives are not needed.  His presentation is based on analysis of 10,000 projects from around the world.

Click here to learn more and to register for this event.
 
 
JobsOhio/ODSA Mid-Year Briefing

Save the Date for the OEDA-sponsored JobsOhio/ODSA Mid-Year Briefing to be held on July 17th at the Columbus Marriott Northwest!  Look for registration information to be released soon!”
 
 
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
Business Attraction & Expansion Manager, West Chester Township Community Development Department,
Click here for more information

Department of Development Director,
Miami County Commissioners,
Click here for more information

Chief Executive Officer
, Growth Partnership for Ashtabula County,
Click here for more information



 
In This Issue
Call for Presentations for the 2014 Annual Summit

Free Webinar for OEDA Members

OEDA Presents Building Competitive Advantage to Win Sales Training

OEDA Networking Event

GE Picks Cincinnati for 1,400 Job Operations Center

Auto Parts Supplier to create 150 Jobs at a Planned $50 Million Manufacturing Plant in Monroe

Ohio Investing in Technology and Startups

Economic Development Academy Shares Insider Perspective

Ohio Energy Loan Loss Reserve Program

MBR Legislation Changes Ohio Economic Development Program

FTZ #138 Received $6.3 Billion in Merchandise in 2013

Ohio Statewide Development Corporation Recognizes Bank, Lenders and Projects of the Year


Colleen Gilger Named New Director of Economic Development

Johnna Reeder of Duke Energy named CEO of REDDI Cincinnati

JobsOhio/Team NEO Annual Report to the Region

JobsOhio/ODSA Mid-Year Briefing

Join or Renew your 2013 OEDA Membership

OEDA Job Listings

Spread your good news!
 
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