Business Investments and Incentives

Community Development Division’s Office of Housing and Community Partnerships

Thu, 23 Dec 2010 14:18:39 EST

Columbus, Ohio - Ohio Department of Development Director Lisa Patt-McDaniel announced that eight organizations will receive grants totaling $287,600 through the Ohio Housing Trust Fund Supportive Housing Discretionary Grant Program, administered by the Department's Office of Housing and Community Partnerships.

The funds will improve 12 buildings and assist approximately 1,269 households, consisting of 1,472 people with incomes at or below 35 percent of the area median income.

"The Supportive Housing Program is vital to the health and safety of our most vulnerable citizens," Patt-McDaniel said. "Through these investments, the necessary improvements will be made in numerous Ohio communities, ensuring that services for the homeless continue to operate effectively and safely."

The full article will detail the organizations that received Fiscal Year 2010 Supportive Housing Discretionary Grant Program awards:

Patt-McDaniel Announces $480,000 in Microenterprise Business Grants

Thu, 23 Dec 2010 14:18:39 EST

Columbus, Ohio - Ohio Department of Development Director Lisa Patt-McDaniel announced that eight nonprofit organizations will receive a total of $480,000 in Microenterprise Business Development Program grants administered by the Department's Office of Housing and Community Partnerships. The grants are funded through the Ohio Housing Trust Fund.

With the funds, award recipients will provide training and technical assistance to 784 people and provide 48 loans for start-up businesses.

"Businesses of every size are important to the state's economy," Patt-McDaniel said. "We want to ensure that our smallest businesses and their employees have the training and the resources they need to be successful."

The Microenterprise Business Development Program provides grants to eligible nonprofit organizations to assist in the development of local microenterprise businesses, and to create and retain long-term jobs in the private sector. Entities working with low- and moderate-income populations are eligible to apply for Microenterprise Business Development Program funds.

Recipients of the Microenterprise Business Development Program grants can be viewed in the full article.

Patt-McDaniel Announces Tax Credits to Create and Retain 7,284 Jobs

Thu, 23 Dec 2010 14:18:38 EST

Ohio Department of Development Director Lisa Patt-McDaniel announced that the Ohio Tax Credit Authority has approved Job Creation and Retention Tax Credits for 29 projects that, if expanded or located in Ohio, are expected to create 2,583 jobs and retain 4,701 positions.

"Ohio's favorable business climate makes it a great place for companies to invest," Patt-McDaniel said. "These incentives will help strengthen our workforce through job creation and retention, which will create growth and boost Ohio's economy."

Working with our partners across business, state and local governments, academia, and the nonprofit sector, the Ohio Department of Development works to attract, create, grow, and retain businesses through competitive incentives and targeted investments. Engaged every day in marketing, innovating, investing, and collaborating, the Ohio Department of Development works at the speed of business to accelerate and support the teamwork that is necessary for success by providing financial, informational, and technical assistance to those making an investment in Ohio's future.

Patt-McDaniel Announces Expansion Projects to Create and Retain More Than 3,080 Jobs

Thu, 10 Feb 2011 08:39:40 EST

The State Controlling Board approved grants administered by the Ohio Department of Development that are expected to create 1,018 jobs and retain 2,064 positions. Eleven Ohio businesses will receive more than $1.3 million in economic development grants to aid economic growth, leveraging more than $268 million in additional investment in Ohio.

"Ohio is committed to fostering a prosperous business climate through infrastructure improvements and targeted investments," said Lisa Patt-McDaniel, Director of the Ohio Department of Development. "Today's investments will strengthen communities across Ohio and create well-paid jobs for Ohioans in growing sectors of economy."

Working with our partners across business, state and local governments, academia, and the nonprofit sector, the Ohio Department of Development works to attract, create, grow, and retain businesses through competitive incentives and targeted investments. Engaged every day in marketing, innovating, investing, and collaborating, the Ohio Department of Development works at the speed of business to accelerate and support the teamwork that is necessary for success by providing financial, informational, and technical assistance to those making an investment in Ohio's future.

State Approves More Than $1.7 Million in Clean Ohio Funds

Thu, 23 Dec 2010 14:18:39 EST

The State Controlling Board approved more than $1.7 million in Clean Ohio Assistance Fund grants for the cities of Dayton, Toledo, and Warren, as well as Perry County and the Village of Mount Gilead. The Clean Ohio Assistance Fund, which is made possible through the Ohio Bipartisan Job Stimulus Plan, supports brownfield redevelopment in Ohio's urban areas.

"The projects we are investing in have tremendous potential for Ohio communities, allowing for future economic development," said Lisa Patt-McDaniel, Director of the Ohio Department of Development. "These grants assist redevelopment plans and are the launching point for new projects and buildings that improve the lives of our citizens and their communities."

The Clean Ohio Assistance Fund is part of the Clean Ohio Fund, which restores, protects, and connects Ohio's important natural and urban places by preserving green space and farmland, improving outdoor recreation, and cleaning up brownfields to encourage redevelopment and revitalize communities. The Clean Ohio Fund is part of the Ohio Bipartisan Job Stimulus Plan, which aims to create new jobs while laying the foundation for future economic prosperity. As part of the Plan, voters approved $400 million for the Clean Ohio Fund.

Recipients of the Clean Ohio Assistance Fund grants can be viewed in the full article.

Patt-McDaniel Announces Early Warning Network Awards

Thu, 23 Dec 2010 14:18:38 EST

Organizations will receive more than $2.4 million in Early Warning Network funds to identify companies at risk of closure or layoffs

Ohio Department of Development Director Lisa Patt-McDaniel announced that 11 Ohio organizations will receive funds to help them identify and assist companies at risk of closure or layoffs. The Early Warning Network facilitates partnerships among state and local workforce and economic development partners, identifies possible resources, and implements strategic solutions for companies at risk.

"The Early Warning Network allows us to continue our proactive work with companies that are in need of assistance, rather than getting involved after layoff notices are given," Patt-McDaniel said. "This program will ensure that companies around the state have the resources needed to keep their employees on the job and continue to bolster their communities."

The Early Warning Network funds three types of programs: Retention Programs, Labor-Management Cooperation Programs, and an Employee Ownership Center. All applicants included documentation that showed a strong track record in working with employers, maintaining stable relationships with regional partners, and administering layoff aversion activities.

Awards for the Early Warning Network can be viewed in the full article.

Patt-McDaniel Announce Tax Credits to Create and Retain 7,284 Jobs

Thu, 23 Dec 2010 14:18:38 EST

Patt-McDaniel Announces State Investments

Thu, 23 Dec 2010 14:18:38 EST

Ohio Department of Development Director Lisa Patt-McDaniel announced that loans valued at more than $31.6 million have been recommended by the Development Financing Advisory Council. The loans support 11 economic development projects that are expected to leverage an additional $9.3 million in capital investment. The funds, pending State Controlling Board approval, are also expected to create 368 jobs and retain 432 positions for Ohioans.

Ohio Expansion Projects to Create and Retain More Than 1,103 Jobs

Wed, 2 Feb 2011 10:58:25 EST

The State Controlling Board approved grants administered by the Ohio Department of Development that are expected to create 568 jobs and retain 535 positions. Five Ohio businesses will receive more than $840,553 in economic development grants to aid economic growth, leveraging more than $11.7 million in additional investment in the state.

Tax Credits Approved; Expected to Create and Retain 3,973 Jobs

Mon, 31 Jan 2011 15:23:57 EST

Ohio Department of Development Director Mark Kvamme announced that the Ohio Tax Credit Authority has approved Job Creation and Retention Tax Credits for 16 projects that, if expanded or located in Ohio, are expected to create 1,334 jobs and retain 2,639 positions. "Business creation and expansion drive economic development," Kvamme said. "These incentives will strengthen our workforce while enabling businesses to create good paying-jobs that will help Ohioans in the long-term."

Development Financing Advisory Council Awards more than $5.4 Million in Project Loans

Mon, 31 Jan 2011 16:25:49 EST

Ohio Department of Development Director Mark Kvamme announced that loans valued at more than $5.4 million have been recommended by the Development Financing Advisory Council. The loans support five economic development projects that are expected to leverage an additional $11.1 million in capital investment. The funds, pending State Controlling Board approval, are also expected to create 270 jobs and retain 127 positions for Ohioans. "These loans are strategic investments in growing companies," Kvamme said. "They not only help advance our state's talented workforce and economic development, but they also help create good-paying jobs for Ohioans."

Projects Invigorate Regional Economies, Generate Jobs for Ohioans

Mon, 7 Feb 2011 14:15:45 EST

The State Controlling Board approved grants administered by the Ohio Department of Development that are expected to create 353 jobs and retain 836 positions. Six Ohio businesses will receive more than $1.5 million in economic development grants to aid economic growth, leveraging more than $163 million in additional investment in the state. "Now is the time to invest in job growth in Ohio," said Mark Kvamme, Director of the Ohio Department of Development. "These substantial company investments are creating jobs for Ohioans and making Ohio more attractive to businesses looking for a state that's open for business."

Central Ohio Forum Promotes Keeping Older Ohioans in the Workforce

Tue, 5 Apr 2011 15:10:01 EST

April 5, 2011 - The Ohio Department of Development is partnering with the Mid-Ohio Regional Planning Commission (MORPC) to raise awareness of the workforce development needs of our population as they reach traditional retirement age. Through a forum in Columbus on April 12, the organizations will examine the importance of programs targeted at experienced workers, realizing that employees who are living longer, may also want or need to stay in the workforce longer.

Ohio Third Frontier Invests in Advanced Energy Sectors

Thu, 7 Apr 2011 09:23:34 EST

April 6, 2011 - The Ohio Third Frontier is making another round of investments that will work to support Ohio's advanced energy industry. The Ohio Third Frontier Commission today recommended more than $7.5 million in funding to eight companies through the Ohio Third Frontier's Fuel Cell, Advanced Energy, and Targeted Industry Attraction programs. The Commission also recommended a $1.7 million funding commitment for a Research and Development Center in Cincinnati.

Supporting Entrepreneurship by Piloting a Program Targeted to Young Professionals

Thu, 7 Apr 2011 10:32:19 EST

April 7, 2011 - The Ohio Third Frontier and The Ohio State University's Fisher College of Business are searching for the best, young entrepreneurial minds with great ideas for commercially viable technology start-ups. The pilot program, known as Ohio's New Entrepreneur (ONE) Fund, is an innovative business accelerator designed to attract and retain the best and brightest talent to Ohio to support the state's future economic development.

Ohio Expansion Project to Create Jobs for Ohioans

Mon, 11 Apr 2011 13:59:06 EST

April 11, 2011 - The State Controlling Board today approved a $50,000 Rapid Outreach Grant for HealthSpot, Inc. The grant, administered by the Ohio Department of Development, is expected to help create 60 jobs, leveraging more than $1.7 million in additional investment in the state.. HealthSpot, Inc. is located in the City of Dublin (Franklin County) and assists healthcare providers in extending their reach to retailers, employers, nursing homes, community centers, and other outlets to better keep their customers informed. The company has created a patent-protected healthcare station that enables customers to stay in contact more frequently with locally and nationally recognized healthcare providers for healthcare information and updates. In addition to the acquisition of new servers and related equipment, the company will locate its research and development facility, as well as its headquarters in the City of Dublin.

State Approves more than $500,000 in Clean Ohio Assistance Funds for Northeast Ohio

Mon, 11 Apr 2011 14:25:25 EST

April 11, 2011 - The State Controlling Board has approved more than $500,000 in Clean Ohio Assistance Fund grants for the cities of Akron and Cleveland. The Clean Ohio Assistance Fund supports brownfield redevelopment in Ohio's urban areas, and is administered by the Ohio Department of Development's Urban Development Division. "Through Clean Ohio investments, Akron and Cleveland will see a renewed interest in these sites," said William Murdock, Director of the Department's Urban Development Division. "This is an important first step to redevelopment and we look forward to seeing the new commercial and industrial uses that will arise."

Communities Receive $180,000 to Improve Downtowns

Tue, 12 Apr 2011 11:05:04 EST

April 12, 2011 - Two Ohio communities will receive Comprehensive Downtown Revitalization Program grants, totaling $180,000, to improve their downtowns. The federally funded program is administered by the Ohio Department of Development's Office of Housing and Community Partnerships. The City of Defiance (Defiance County) will receive a $165,000 grant from the Comprehensive Downtown Revitalization Tier III Program. The funds will be used to assist the Defiance Development and Visitors Bureau with the acquisition and renovation of the Daoust Building at 325 Clinton Street in the city's historic district. Renovation will include historic style façade improvements, handicap accessible bathrooms, code improvements, and interior upgrades. The Visitors Bureau and the Chamber of Commerce will occupy much of the first floor. A museum commemorating the history of the city will occupy the rear of the building and the second floor will include office space. The grant will be used in conjunction with Community Development Block Grant Revolving Loan Fund dollars. The Village of Geneva on the Lake (Ashtabula County) will receive a $15,000 grant from the Comprehensive Downtown Revitalization Tier I Program. The funds will be used to complete a development plan and market analysis to assess the current conditions and future needs of the village.