Study shows Granville could reap benefits from CIC, CRA, and JEDD

Officials in Granville are considering creating a community improvement corporation (CIC) and a joint economic development district (JEDD) as part of their plans to coordinate economic development efforts, the Newark Advocate reports. A coalition formed by Granville Township, the Village of Granville and the Granville Area Chamber of Commerce worked with Jim Lenner of Neighborhood Strategies, who presented an 80-page plan “to provide ways the Granville area can reap some of the benefits of the development coming to the central Ohio area” and diversify the local tax base to reduce public entities’ reliance on residential property taxes, according to the article. 

Lenner suggested creating a CIC specifically focused on the Granville area to “make it easier for businesses coming to the area because they would be working with one entity instead of going to the village, township and chamber all separately to get information about available spaces, infrastructure and other information.” A JEDD would allow the township to collect income tax on commercial properties to be used for water, sewer or other infrastructure improvements.” Granville Village Manager Herb Koehler said conversations about the CIC and JEDD recommendations are ongoing. For more, read the full article.

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