OEDA Dateline Newsletter
   January 2017
 
 
 
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
 
 
OEDA is your source for economic development news from around the state.  Are you following us on Twitter?  For a daily roundup of economic development news, be sure to follow @ohioEDA.
 
 
Executive Directors Column

Jennifer Tisone Price
Ohio Economic Development Association

How you doin’?  On your New Year’s resolutions that is.  It’s just about three weeks into 2017, a great time to stop and reflect on your plans for this year and your progress on your resolutions.

What were they?  To eat healthier, exercise more?  Maybe spend more time with friends and family?  Or, was it the dreaded clean out the basement resolution? 

Did you make any career resolutions?  If the answer is yes, or if you’ve realized it’s a resolution you should have made, OEDA can help.

Whether you are looking to advance your career and attain state certification or enhance your knowledge through in-depth study on a specific subject, OEDA is your resource for professional development and continuing education.  The long-anticipated Ohio Economic Development Institute will commence its initial course offerings in 2017 and we are excited to release the core course descriptions to you first. 

Click here to read more.

 
 
Site Selection Magazine Rates Ohio Business Climate Top in Midwest

Andrew Deye

JobsOhio

Over the past few years, Ohio’s business climate and economic outlook have improved more than any other U.S. state. In November, Site Selection magazine confirmed that Ohio’s business climate continues on a positive trajectory. Specifically, Ohio ranked third nationally in Site Selection’s 2016 Business Climate Ranking, edging out Tennessee and Texas and nipping at the heels of North Carolina and Georgia.

According to Site Selection, 50 percent of the overall Business Climate Ranking is based on a subjective survey of corporate site selectors who are asked to rank the states based on their recent experience of locating facilities in them. For example, does the state offer appropriate sites and buildings for expansion? The other 50 percent — the objective side — is a combination of factors primarily based on national project data.

Overall, Ohio’s #3 ranking is a positive indicator and reflective of JobsOhio’s client-centric, streamlined approach to serving corporations. Our state’s economic diversity, infrastructure, millennial talent, and Midwestern work ethic are reasons Ohio should continue to rise to the top of any site selection short-list in 2017 and beyond.

Read more

 
 
REDI Cincinnati Helped Bring
Thousands of Jobs in 2016

Tom Demeropolis

Cincinnati Business Courier

From the start, REDI Cincinnati knew it would be tough, if not impossible, to match its 2015 successes.

REDI Cincinnati, the region’s economic development group, had a fantastic year in 2015, even surpassing the success of 2014, which included the addition of General Electric’s U.S. global operations center at the Banks.

But REDI Cincinnati’s 2016 results are nothing to scoff at, and some projects completed in the fourth quarter helped the group meet its 2016 goals.

“The final quarter of 2016 meant strong job growth in Greater Cincinnati,” Kimm Coyner, vice president, business management and project management for REDI Cincinnati, said in a news release. “As a region, we added more than 2,000 jobs in those final three months. We’re looking forward to that strong growth continuing in 2017.”

Click here to read more.
 
 
Dayton Development Coalition
Surpasses Job Creation Goal

Tristan Navera
Dayton Business Journal

The Dayton Development Coalition hit its big annual goal this week, having helped attract 3,400 jobs to the Dayton region in 2016.

With several November agreements executed through JobsOhio and the Ohio Tax Credit Authority offering more, the economic development group tasked with helping incentivize companies to expand in west Ohio has seen a strong year of job gains across the whole region, said President and CEO Jeff Hoagland.

"It's been an outstanding 2016," Hoagland said.

In all, about 30 companies proposed adding the 3,400 jobs, and committed to roughly $300 million in capital investment in the process. The goal for this year was 3,040 new job commitments. The DDC also has more than 7,000 potential new jobs in the pipeline.

Click here to read more.

 
 
Funding Available to Improve
Energy Efficiency

Preston Boone

Ohio Development Services Agency

The Energy Loan Fund is now accepting applications. The fund helps small businesses, manufacturers, nonprofits, and local governments implement energy efficiency improvements to lower energy use and costs. Eligible applicants receive low-interest financing to install efficiency measures that reduce energy by at least 15 percent. Technical assistance is also available to facilitate the required energy audit for potential applicants.

Small businesses, local governments, manufacturers, school districts, colleges and universities, and nonprofit organizations are eligible to apply. Loan amounts vary depending on the project and can be from $250,000 up to $2 million. Technical assistance is also available to help eligible applicants identify energy efficiency measures for their facility.

To apply, organizations must first register and submit a Letter of Intent. The Letter of Intent must include:

  • An overview of the proposed project;
  • Projected energy use savings;
  • Projected energy cost savings;
  • Simple payback with incentives, if applicable;
  • Loan amount requested and cost share; and
  • A description of the anticipated expenses for which the loan and cost share will be used.

Letters of Intent should be submitted online at: https://development.ohio.gov/EnergyLoanFund. Qualified applicants who have submitted a Letter of Intent will receive written instructions from Ohio Development Services Agency on how to access the online Loan Application.

A copy of the program guidelines and the application process can be found here. Questions about the program should be sent to energy@development.ohio.gov.

 
 
Montrose Group 4th Quarter,
2016 Economic Report Illustrates
Strengths & Weaknesses

David Robinson

Montrose Group

The American economy in the third quarter of 2016 grew to $18,675.3 B based upon a 5% increase or $225.2 B in the current dollar GDP.  National economic growth remains strong but a massive trade deficit and slow personal income growth illustrate long term challenges.  Ohio’s economic strength remains substantial but it is illustrating some recent economic weakness. 

Read more here:
http://montrosegroupllc.com/montrose-group-4th-quarter-2016-economic-report-illustrates-strengths-weaknesses/

 
 
First Supercar Built in America Gives
Ohio Major Bragging Rights

 

The first American-made supercar – the Acura NSX – is no doubt getting a lot of attention in the global media and at the North American International Auto Show in Detroit this month. The 573 hp NXS, which can accelerate from zero to 60 mph in 3.1 seconds, has pushed the limits of manufacturing and technology. That is why Acura chose to design and build the NSX at its Performance Manufacturing Center in Marysville, Ohio, specifically built in 2015 to produce the supercar.

“The NSX is the best thing we make on four wheels and it makes sense to us that Honda decided to make the pinnacle version of what Acura is here in Ohio,” says Jon Ikeda, vice president and general manager of Honda’s Acura Division.

For global automotive manufacturers and suppliers looking to expand in today’s competitive automotive marketplace, consider these facts on why all roads lead to Ohio.

  • Ohio has the most robust end-to-end automotive supply chain in North America
  • Ohio has 40 percent more auto workers than the regional average
  • Ohio produces 10,000 engineering and engineering tech graduates every year

“When Honda looks at Ohio they see 30-plus years of success,” said Clement D’Souza, chief engineer at the Performance Manufacturing Center. “We have the greatest collection of engineering, manufacturing and R & D talent in the world.”

The NSX gives Ohio some serious automotive bragging rights, so be sure to share this video far and wide so we can let the automotive world know that “It’s On” in Ohio.
 
 
Cool and Connected Pilot Program
 

Portsmouth Daily Times Article

The Southern Ohio Region has experienced many successes over the past several years and recently the City of Portsmouth added one more as the city will be participating in the federally funded Cool and Connected Program.  Cool and Connected is a pilot program being administered by the United States Environmental Protection Agency, the United States Department of Agriculture and the Appalachian Regional Commission.  This program is focused on providing planning assistance to communities who want to better utilize broadband infrastructure in their area’s development initiatives.  The City of Portsmouth was recently named one of 10 Appalachian communities who are participating in this program. 

The goal is that participant communities are able to leverage broadband infrastructure in the implementation of their respective development efforts.  By giving our community the tools to succeed, the Cool and Connected Program will help to fill a technical gap which could spur the successful implementation of our area’s revitalization plans.

Click here to read more.

 
 
State Law Changes and Local Incentive Studies Create Opportunities and
Threats to Urban Housing Boom

David Robinson
Montrose Group

Changes in state law enacted by the Ohio General Assembly create new economic development legal tools to support the continued growth of urban housing projects but many local communities are starting to take a hard look at how and what type of incentives should be thrown at this growing urban housing market at all.

Read more here:
http://montrosegroupllc.com/state-law-changes-and-local-incentive-studies-create-opportunities-and-threats-to-urban-housing-boom/

 
 
5 Tips to Ensure Your Site is Marketable

Andrea Enders

REDI Cincinnati

Site readiness is not easy. From testing for and cleaning up environmental issues to running electricity to your site or installing a road, the process can take years.

And, that heavy lifting extends beyond readiness alone – you also need to market the land to site selectors and end users. Here are five tips to make that marketing process a little easier.

1. Do your homework.
Before site selectors or end users come to your site, make sure you can answer their questions. Do you know which utilities are on site and their current capacities? What are the remaining due-diligence items that need addressing before an end user can move in? Even if you still need to run a sewer line, be ready for the question and be honest with the company. Be clear about both the costs and the timeline to complete any outstanding work.

2. Use a master plan.
When a site selector or end user comes to tour your site, using a master plan can help them visualize your industrial park – especially for sites greater than 30 acres. While these plans are not set in stone, they can help a company leader envision what the space will look like. If budget permits, your plan should include aerial images, drone footage, utility maps, 3D modeling and projected completion phases.

Click here to read more

 
 
Don't Forget About Retail!

Hrishue Mahalaha & Jim Damicis

The retail sector in many communities is at a perilous intersection. In the 1980s and 1990s, it was the Walmart effect that had a sharp impact on the retail industry in rural America. The challenge for this decade and the next, will relate to the impact of internet based commerce (e.g. Amazon). The beauty of capitalism is that it continually works to optimally meet the human demands and service/products supply needs in the context of evolving economic developments. For the consumers, these developments delivered dramatic benefits (cost reduction, access to expanded assortment, ease and efficiency of access, etc.). But it seems that with every step forward, some cultural or human dimension is affected.

So why are Main Street Retail Businesses Critical?

Click here to read more.

 
 
Henry County Anticipates Spec Building Completion Third Quarter

Henry County CIC

In late Spring of 2016 two members of the Henry County CIC board, Chris Peper, a business owner in Napoleon, and Jeff Brubaker, Mayor of Hamler, Ohio, decided it was time to forge forward in the pursuit of building a speculative (spec) building.  Subsequently a committee was formed to explore options and partnership possibilities.  The committee, comprised of CIC members, ranging from manufacturers to builders, and bankers, was the primary force in moving the possibility of a spec building forward, especially during a time of transition in CIC staff leadership.

After in depth research and discussion among committee members, with additional input from stakeholders throughout Henry County the decision to pursue a site and build in Napoleon came to fruition during the early summer months. With the committee being the driver, upon hiring of a new CIC executive director in early August, plans for marketing and potential investors were underway.

Click here to read more.
 
 
Join or Renew Your 2017 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 2017, the OEDA will provide forums and professional development opportunities where practitioners at any and all stages of their career 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:

www.ohioeda.com/benefits

 
 
Place Your Job Listings

You may place a job posting on OEDA's website in our members only section and in this monthly newsletter for viewing. 

There is NO CHARGE for OEDA members and a $100 charge for non-members per job posting. All postings will be listed on our website within 3 business days of receipt to our office.  It will also be posted in the monthly newsletter.  Position will remain posted until position is filled.

Please email your posting to oeda@assnoffices.com.  If you are non-member, you may request an invoice at that time.

Please include specific information in each job posting regarding how to apply for each position and application deadlines.

 

In This Issue
Executive Directors Column

Site Selection Magazine Rates Ohio Business Climate Top in Midwest

REDI Cincinnati helped bring thousands of jobs in 2016

Dayton Development Coalition surpasses job creation goal

Funding Available to Improve Energy Efficiency

Montrose Group 4th Quarter, 2016 Economic Report Illustrates Strengths and Weaknesses

First Supercar Built in America Gives Ohio Major Bragging Rights

Cool and Connected Pilot Program

State Law Changes and Local Incentive Studies Create Opportunities and Threats to Urban Housing Boom

5 Tips to Ensure your Site is Marketable

Don't forget about retail!

Henry County Anticipates Spec Building Completion Third Quarter

Join or Renew your 2017 OEDA Membership

Place Your Job Listings

Share your good news!
 
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