Public-Private Owner/Developer/Financier Good News

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

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
Continue Reading Superior Roll Forming to expand production operations, plans to add 150 new jobs

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
Continue Reading Progressive Insurance installs 1.8 Megawatt solar panel array

Aqua Ohio announced ambitious construction plans replace old utilities. The projected cost of the projects has been calculated at $70 million. In Marion, Aqua Ohio will be retiring and rerouting a water main line built more than 120 years ago.

Read more in the Marion Star here.
Continue Reading Aqua Ohio begins construction on water main on Church Street

A partnership of JobsOhio, Ohio Development Services Agency, Team NEO, Western Reserve Port Authority, Youngstown-Warren Regional Chamber of Commerce and Macy’s Corporate Services LLC, operating as a distribution and logistics center for Macy’s Inc. in North Jackson, has announced plans to expand at the facility to operate a fulfillment center. Macy’s will add 417 new jobs and retain 55 employees.

The project will include a $29.9 million capital investment to accommodate this growth. Macy’s corporate executives chose to leverage North
Continue Reading Macy’s chooses Northeast Ohio for fulfillment center