Rather than using the State of Ohio’s Chapter 166 Loan Program, the Lawrence Economic Development Corporation (LEDC) recently found that the newly refunded State of Ohio Rural Industrial Park Loan (RIPL) Program was a better fit to finance the construction of a 30,000 sf speculative building in Lawrence County’s South Point Industrial Park and a 19,135 sq. ft. facility in Ironton that will attract new businesses and accommodate existing business expansion in Lawrence County.

By way of background, the State’s newly refunded Rural Industrial Park Loan Program (RIPL) promotes economic development by providing low-interest direct loans to assist counties, municipalities, townships, non-profit organizations, port authorities, community improvement corporations, and private developers in financing the development and improvement of industrial parks and related off-site public infrastructure improvements.

Continue Reading Ohio Rural Development Loan Program Successfully Finances Two New Spec Industrial Buildings in Lawrence County

The U.S. Department of Housing and Urban Development (currently led by former Ohio 11th District Congresswoman Marcia Fudge) has selected Cuyahoga Metropolitan Housing Authority (CMHA) as one the lead public housing authorities (PHAs) to participate in a six-year demonstration project to aid low-income households in relocating to more prosperous communities. The demonstration will receive $45.7 million in total funding.

Through this demonstration, participating PHAs will provide over 10,000 families with children better access to low-poverty neighborhoods with high-performing schools and other strong community resources. Participating regions of the demonstration represent diverse housing markets, population sizes, local laws regarding source-of-income nondiscrimination, and experiences implementing housing mobility programs.

Under the program, which was designed based on data showing that zip code is a strong indicator of a child’s long-term prospects, CMHA will receive nearly $5 million. The funds will be used to help families research, relocate, and access resources to start out in new communities. To qualify, families will need to be from low-income neighborhoods and have children under the age of 12.

Read more at Cleveland.com.

This Federal Reserve Bank of Cleveland Policy Summit is a regional conference that explores solutions at the practitioner and policy levels to challenges that low- and moderate-income communities face. The biennial multi-day event offers its audience of researchers, academics, practitioners, and policymakers the latest research and best practices through presentations and real-world conversations.

For more information and registration information, click here.

The City of Toledo announced yesterday that the City’s unimproved street resurfacing program has begun. In total, 109 streets are to be included in the City’s overall road construction program for this year, compared to seven streets that were fixed in 2020. Of the 109, 35 are unimproved roads.

Mayor Wade Kapszukiewicz said at a press conference that unimproved streets are often characterized by the lack of curbs and a gravel or rock surface.

Editor Comment: Ohio’s economic development is not just large projects or novel projects. It is led by the day-to-day investment made by citizens who support investments that makes Ohio an attractive place to live and work.

A collaborative economic development team of the Medina Economic Development Corporation, the Ohio Development Services Agency, and Team NEO have worked with Superior Roll Forming, a Wesler Profile company, to help the company make Medina County’s largest capital investment by a manufacturer since the start of the pandemic. Superior Roll Forming is a supplier for the automotive, aerospace, construction, and solar industries. The Ohio Tax Credit Authority approved the project for tax credit assistance on April 26. The company is renovating a building to house its new work force near its existing facility.

Read the full news release at JobsOhio here.

Progressive Insurance has announced the creation of an 8.4-acre solar panel array, which will include over 4,000 panels. The company plans to have the new system up and running at its Mayfield Village campus this summer (construction began on March 29). The completed project will help reduce Progressive’s carbon emissions by 4,000 metric tons per year.  Progressive contracted with three local companies – Mars Electric, YellowLite Inc. and Preformed Line Products Solar for the installation, design and construction of the solar array.


A Bloomberg opinion article argues that neighborhood style single and multi-family homes built specially for renters could help make housing more affordable and also avoid existing homeowners’ normal aversion to high-capacity housing (“Not-In-My-Backyard-ism”). The author claims that institutional investment opportunities currently lie in building new homes, rather than in buying economically opportunistic existing homes because the market is now currently dealing with low rates of inventory. In new built-to-rent communities, high capacity housing will likely be received more warmly because of its potential to drive down rents, and because fears of any loss of property value would burden institutional owners rather than the occupants.

Read more in Crain’s Cleveland Business here.

When Goodwill of South Central Ohio purchased a property belonging to the Chillicothe City School District, neighborhood residents were concerned about how a new warehouse (and potential future industry) would impact their community. Goodwill of South Central Ohio CEO Marvin Jones, a Tiffin native, hosted a meeting to listen to citizens’ concerns and Goodwill amended its zoning application so that only some of the land will be zoned for industry.

Read more in the Chillicothe Gazette here.