OEDA Dateline Newsletter
  August 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
 
 
2014 OEDA Annual Summit
"Pushing the Envelope:  New Outlooks in
Ohio Economic Development"


October 22 - 24

Columbus Marriott Northwest
5605 Blazer Parkway
Dublin, OH  43017

                       

Registration is now open for the 2014 OEDA Annual Summit!

  Registration is available through Tuesday, October 14th!

 

Click Here to view the full schedule of events, Summit registration info., and hotel room reservation info. 

Click Here to register online today! 
You may register by check or credit card via our online system.


You may book your hotel room now for the 2014 Annual Summit!  A limited number of rooms have been blocked for the nights of October 21, 22, and 23 at the discounted rate of $138 per night for single and double rooms.  The reservation deadline is September 30, 2014.

You may make your reservation online by visiting http://www.ohioeda.com/AnnualSummit, or directly at http://www.marriott.com/hotels/travel/cmhnw?groupCode=oedoeda&app=resvlink&fromDate=10/21/14&toDate=10/24/14&stop_mobi=yes.  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.

 
 
Saying Goodbye to a Friend

  Greater Akron Chamber

Northeast Ohio lost a true friend and economic development partner with the passing of Dan Smith after battling a lengthy illness.

As the Economic Development Director for the City of Kent for the past six years, Dan leaves a legacy of collaboration, leadership and significant accomplishment.

He was one of the driving forces behind the one hundred + million dollar transformation of downtown Kent, which was recognized both regionally and nationally by the Ohio Economic Development Association and the International Economic Development Council.

That project along with several other initiatives truly showcased Dan’s gifted talents of bringing together large stakeholder groups; his knowledge and skill of economic development finance; his tenacity for being organized and thorough.

On the personal side, Dan was quite an accomplished musician, story teller and devout family man. As a lifelong resident, he was very passionate about Kent, its university and the entire region.

The Greater Akron Chamber extends its sincere sympathies to Dan’s wife, Melissa, his daughters Melody and Rachel along with his extended family at the City of Kent, Kent Area Chamber of Commerce, its VCB and Portage County.

He will be sorely missed but his legacy will forever remain entrenched throughout the Kent landscape.

 
 
CDFA Announces Winners of CDFA Ohio Financing Roundtable Excellence Awards
Winners to receive awards at annual Ohio Conference in September

  cdfa
August 4, 2014
Columbus, OH - The Council of Development Finance Agencies (CDFA) is proud to announce the winners of the 2014 CDFA Ohio Financing Roundtable Excellence Awards.

"Each year CDFA is proud to honor excellence in development finance.  The work of our award winners is cutting-edge, innovative and an example of best practices in our industry," said Toby Rittner, CDFA President & CEO.

The CDFA Ohio Financing Roundtable Excellence Awards recognize outstanding development finance programs, agencies, leaders, projects and success stories.  These awards, presented at the CDFA Ohio Financing Roundtable Conference, honor excellence in the use of financing tools for economic development, as well as the individuals who champion those efforts.

Click Here to read the entire News Release

 
 
Matalco Inc. Announces New Aluminum Facility in Lordstown, Ohio

July 23, 2014

Brampton, Ontario, Canada - July 23, 2014 - Matalco Inc. ("Matalco") a member of the Giampaolo Group and a leader in the production of remelt, extrusion grade aluminum billet and forging stock announced today that it will further strengthen and expand its presence in the North American aluminum market by constructing a new state-of-the-art billet manufacturing facility located in the Ohio Commerce Centre on Tod Avenue in Lordstown, Ohio.

Matalco will invest more than $100 million to construct a 200,000 square foot manufacturing plant and equip this new facility with the latest advanced technology to service existing customers and expand market share.  At full capacity, the Lordstown facility will employ approximately 60-80 permanent, full-time personnel with annual production of 350 million pounds of various series, high-quality aluminum billet.

The announcement of Matalco's investment in Lordstown supports the continuing economic growth in the Mahoning Valley, a Youngstown-Warren Regional Chamber official said today.

Click Here for more information

 
 
Connect Ohio Holds Grand Opening of Digital Works in West Union

  Connect Ohio Blog
  July 14, 2014
Connect Ohio held the grand opening of its newest Digital Works location in West Union on Friday, July 11. The event was held at the Digital Works facility at 111 West Main Street, with remarks from dignitaries and a tour of the center. Digital Works, an initiative of Connect Ohio, is a technology skills training program focused on providing a connection between twenty-first century workforce opportunities and community revitalization. The program provides mentoring and training to workers seeking employment and places them in quality teleworking jobs.

“We are extremely excited about the job opportunities and training that Digital Works is bringing to Adams County,” according to a joint statement issued by Adams County Commissioners. “This program will prepare our workforce for the technological job opportunities of the 21st century. We greatly appreciate all the organizations that have made this facility a reality.”

Click Here to read the entire article.
 
 
Rural Development Receives another Boost from the White House, USDA

The Montrose Group, LLC.
 

Good news for Ohio and U.S. rural communities – President Obama and the White House has announced a $10 billion fund for rural development! This new fund is in addition to the $150 million Rural Business Investment Program fund released earlier this year to promote economic development in mostly rural areas to help meet the equity capital needs of smaller enterprises and businesses located in rural areas.

Announced on July 24, the White House Rural Council launched the new U.S. Rural Infrastructure Opportunity Fund to help support rural economic development efforts across the nation. The fund will have a particular interest for investing in healthcare and educational facilities, water and wastewater systems, energy projects, local and regional food systems, broadband expansion, and other rural infrastructure. The fund will enhance access to capital for rural communities’ infrastructure projects, thus speeding up much needed improvements.

Click Here to read the entire article.
 
 
TechOhio

Ohio Development Services Agency
Lisa Colbert

TechOhio supports the vibrant community of entrepreneurs in Ohio by sharing the breakthrough technologies, cutting-edge research and innovative companies being developed across the state. It tells the stories of people, their creations and innovations, their contributions to research and emerging technologies.

The agricultural economy was our first frontier. The industrial economy was our second frontier. By a vote of the people of Ohio, money is available to encourage growth of a technology economy: Ohio Third Frontier. As the economy grows in Ohio, the Ohio Development Services Agency and Ohio Third Frontier administer funds to foster innovation, commercialize research, grow capital and attract talent.

 http://weare.techohio.ohio.gov/
 
 
Global Innovation

University of Dayton
  July 30, 2014

Emerson Climate Technologies, a business of Emerson, has announced its intent to move forward with plans to build and support an innovation center at the University of Dayton to advance research and education for the global heating, ventilation, air conditioning and refrigeration (HVACR) industry.

Company officials estimate the project cost at between $35 million and $40 million, of which approximately $20 million is capital to build the facility.

The center will be located at the corner of Main and Stewart streets on nearly five acres of University-owned land. The University's master plan devotes space on this part of campus for attracting high-tech companies that can spur research, serve as real-world classrooms for students and spark economic development for the Dayton region. In 2013, GE Aviation opened a $53 million research center nearby.

Click Here to read the entire article.
 
 
Dear OEDA Members, we have important news to share with you about Workers' Comp Premiums...

  Ohio Bureau of Workers' Compensation
  Erin Rosiello

Recently the Bureau of Workers’ Comp announced that the way in which employers pay their premium to the Bureau will be changing over the course of the next couple years.  As part of this transition, Ohio private employers and local governments will receive a credit on their workers’ compensation bills totaling $1.2 billion.   The credit will allow BWC to transition to a prospective billing model without added costs to employers.

 

The bureau currently bills employers in arrears, meaning businesses receive coverage and are billed at a later date. The new system of prospective billing will bring BWC to the industry standard of collecting premiums before extending coverage. The conversion will result in an overall rate reduction of two percent for private employers and four percent for public employer taxing districts, resulting in savings of a combined $44 million at the time it is implemented in 2015.

 

This change is a result of our strong financial position which has enabled this move to the industry standard of prospective billing as part of ongoing efforts to modernize our operations and provide better service to Ohio employers.  This credit will facilitate a smooth transition for employers to a more user-friendly system that will provide them more flexibility while reducing their overall costs.

 

Over the course of the next couple of months, I will be sending out a series of articles, to help employers and those interacting with employers better understand this transition.   Stay tuned-in to the OEDA news letter for more information.  Please feel free to contact me, should you have any questions.



Erin Rosiello

Erin.r.1@bwc.state.oh.us 

513.583.4413

 
 
Workers' Comp Billing System Being Updated, Sign-up Deadlines Changing

  Ohio Bureau of Workers' Compensation
  Erin Rosiello

BWC is changing the way it bills for workers’ compensation coverage to better serve Ohio employers.

 

For decades, the agency has billed for employer premiums after-the-fact. It will begin billing in advance of coverage starting July 1, 2015 for private employers and Jan. 1, 2016 for public employers. This change will align BWC with standard industry billing practices.

 

Due to the switch to prospective billing, a number of deadlines for plan and program sign-ups are changing as well. Among them is the snapshot date for experience calculation: for private employers, that date is Sept. 30. For public employers enrolling for the 2016 policy year, it will be March 31, 2015.


Click Here to read the entire article.
 
 
Colerain JEDZ Approved
for November Ballot

DevelopOhio
August 01, 2014
At least one Joint Economic Development Zone (JEDZ) proposal is proceeding to a vote despite the recent legislation to phase out authority for new JEDZs (see our June 9, 2014 blog post about this for more). Voters in Colerain Township will vote in November on a proposed JEDZ with Harrison after the Colerain Township Board of Trustees voted unanimously to allow the measure on the ballot, according to a Cincinnati.com article. If approved by voters, the JEDZ would create “a 1 percent payroll tax for nonresident workers,” to be spent only for infrastructure, according to the article. Township Board President Melinda Rinehart “said the unrelenting cuts to township funding from the state have left the township with few options,” and she said, “[t]his was one of our only alternatives to property tax, and they are taking it away. We need to take advantage of the opportunity while we still have it.”

For more, read the full article.
 
 
"OhioMeansJobs.com Means Business"

Ohio Department of Job & Family Services
Gerrie Cotter

OhioMeansJobs.com is the next best thing to an HR department for businesses. Ohio and Monster have teamed up to help Ohio businesses find the right people with ease at no cost.

The recently expanded OhioMeansJobs.com is now a full-fledged career center that features career exploration services for students and job-search and job-training information for adults. It also provides free services to businesses looking to hire.

 

Businesses can post jobs on OhioMeansJobs.com without registering for an account and at no cost. Businesses that do sign up for a free account also can search thousands of resumes with special filtering tools that help narrow results to the most promising candidates.


Click Here to read the entire article
 
 
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
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In This Issue
2014 OEDA Annual Summit

Saying Goodbye to a Friend

CDFA Announces Winners of CDFA Ohio Financing Roundtable Excellence Awards

Matalco Inc. Announces New Aluminum Facility in Lordstown, Ohio

Connect Ohio Holds Grand Opening of Digital Works in West Union

Rural Development Receives another Boost from the White House, USDA

TechOhio

Global Innovation

Dear OEDA Members, we have important news to share with you about Workers' Comp Premiums...

Workers' Comp Billing System Being Updated, Sign-up Deadlines Changing

Colerain JEDZ Approved for November Ballot

"OhioMeansJobs.com Means Business"

Join or Renew your 2014 OEDA Membership

OEDA Job Listings

Spread your good news!
 
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