Rob McCarthy represents governmental entities, nonprofit organizations and financial institutions in connection with municipal bond transactions. In addition, Rob has extensive experience working with public and private ...
A federal grant “of up to $500 million” was awarded to the Middletown Works steel plant “to replace its coal-burning blast furnace with a hybrid unit that burns hydrogen and natural gas” in a project that “is expected to create 1,200 construction jobs and dramatically reduce carbon emissions,” WCPO.com reports.
The City of Hamilton could soon have both a new “city-focused port authority and development finance agency” and a new city manager, the Journal-News reports. The formation of the Hamilton Development Finance Agency (DFA) “requires a three-party joinder agreement” with approvals from Hamilton City Council, Butler County Commission ...
A nearly $16 million apartment building, the Barrister, is the first new affordable housing development in downtown Cincinnati in “at least 20 years,” the Cincinnati Business Courier reports. Over-the-Rhine Community Housing and Urban Sites led the development, but they credit “a bevy of partners, underscoring just how difficult such ...
Dover City Council is looking at a Tax Increment Financing agreement for Schaeffler Group USA’s plans to build a manufacturing facility that would bring 450 jobs to the city, according to a recent The Times-Reporter article.
The world’s largest producer of chemicals, German company BASF, is investing $70.5 million in a 20,000-square-foot addition to its Cincinnati manufacturing facility “to offer more sustainable products driven by growing North American demand,” the Cincinnati Business Courier reports.
The Northwest Ohio Innovation Consortium is “asking the state of Ohio for a $31.4 million grant to create a tech hub to advance glass-making and recycling,” and projects the hub would “create 1,600 local new jobs and $284 million in additional investment, research and outside capital,” The Toledo Blade reports. The consortium ...
While 2023 was “a year of economic uncertainty,” Team NEO’s CEO Bill Koehler said it “was one of the strongest years in terms of projects, with 96 companies expanding or moving,” although the average size of projects was smaller, Cleveland.com reports.
A proposed, multi-use project to convert about 16.6 acres on Marysville’s North Main Street from an “underutilized, vacant brownfield site” into a space that boosts the local economy was awarded “an $8-million tax credit” through the state’s Transformational Mixed-Use Development program, the Marysville Journal-Tribune
As if Intel’s $20 billion silicon chip facility, the “largest single private sector company investment in Ohio’s history,” wasn’t big enough, the project has created a ripple effect of other developments in the region, the Newark Advocate reports.
Several major projects have the Dayton region “poised for continued economic investment to the tune of billions of dollars,” the Dayton Business Journal reports. Here are the ones to watch for 2024:
At the Dayton International Airport (DAY), Santa Cruz, California-based Joby Aviation plans a “half-a-billion dollar investment” in a ...
Neyer Holdings and 8K Construction both won Ohio Historic Preservation Tax Credits for projects to add new apartments to the Findlay Market area of Over-the-Rhine in Cincinnati, the Cincinnati Business Courier reports.
More investors have been taking advantage of Ohio’s federal Opportunity Zones that allow them to “delay and reduce their tax payments on capital gains,” Crain’s Cleveland reports, but will that trend continue? In early 2023, “the Ohio Department of Development issued $42.2 million” in tax-credit certificates tied to ...
Major projects will have ‘substantial impact’ on Central Ohio in near future
Riley named new Team NEO board chair
Community-involved Spark Kettering plan will guide city’s intentional economic growth
Honda Fayette County EV plant is catalyst for $100M in infrastructure work
Dayton could declare county fairgrounds a blighted area to facilitate redevelopment
Team NEO, Center for Economic Inclusion partner to target racial wealth gap
Two NE Ohio projects awarded more than $1M in tax credits
3CDC has had strong relationship with City Cincinnati for almost two decades
Jacoby joins Bricker Graydon economic development team
Findlay Megawatt Hub will provide emerging industries with high-volume power
Crawford Hoying gets approval for $150M mixed-use project in Hamilton
Proposed Ravenna-Rootstown JEDD could expand local development
New round of TMUD tax credits available
GM investing $920M in Duramax expansion of Brookville plant
Paper company’s $185M expansion will add 100 jobs in Circleville
Capital University selects developer for Bexley Main Street property
State officials seeking up to $1.25B grant for regional hydrogen hub
Partnership will offer recommendations for Licking County growth
Developer to build $8M spec building in Marysville
Colburn named new Pickaway County Port Authority and P3 leader
Developer celebrates progress on $1B Cincinnati-area riverfront project
Plans to convert 1917 shoe factory into apartments closer to approval
Cincinnati Port could develop its first spec building to prove concept
New hotel hopes to be “heart” of The Peninsula in Franklinton
Vitamin and supplement manufacturer investing $200M in new central Ohio facility
New 1.3M SF distribution center will consolidate Scotts Miracle Gro’s logistics
Port authority approves financing for Bridgeworks project in Cleveland
$31.8M for affordable housing will have ‘profound impact’ on Cincinnati
New $200M mixed-use project will be “transformative” for Middletown, region
New CRA in Kettering could spur new investment and improvements in older neighborhoods
Solar company investing $13.5M in expansion in Henry County
Automotive supplier investing $2M in Ross County expansion
First-round awards in Appalachian Community Grant Program total $17M
Renaissance Cleveland Hotel awarded $9.1M in TIF bonds from port authority
Officials approve proactive CRA for Jersey Township to secure voice in future abatements
Bexley mayor hopes to see mixed-use, mixed-income redevelopment of Main Street site
Manufacturer will invest $10M in Monroe County facility, add 15 jobs
Cincinnati brewery will transform Brentwood Bowl to production and taproom space
Indus Companies proposes “major expansion” for Dublin’s Bridge Park area
How Fayette County landed the $3.5B Honda battery plant
Several large-scale Central Ohio industrial projects to watch in 2023
Great Lakes Authority established to promote economic, environmental development
Two central Ohio projects win TMUD state tax credits
Collins named new development director for Centerville
Downtown Dayton approaches $3B in investment since 2010
Proposed $26M Springfield sports and event center could have major economic impact in Miami Valley
Six new members join Team NEO board
New Albany looks at expanding CRA, Opportunity Zone
Eleven large Central Ohio projects seek $107M in TMUD tax credits
Public-private partnerships revitalizing communities across Columbus
Study shows Granville could reap benefits from CIC, CRA, and JEDD
New details of $500M Appalachian Community Grant Program released
Honda announces new Ohio $4.4B EV battery plant
Ashtabula County and port authority teaming up on economic development projects
The Fort developers propose Steelton Village mixed-use district as part of $350M project
State awards $205M in incentives to Ford’s $1.5B expansion to Avon Lake plant
Qualls appointed to Port of Greater Cincinnati Development Authority board
Plans to transform Columbus’ Cooper Stadium into mixed-use development move forward
Beachwood developer plans $200M mixed-use redevelopment
$500M in Ohio Appalachian grants provides “once-in-a-lifetime” opportunity
Columbus Downtown Development Corp. in talks to buy historic YMCA building
Accelerator program for minority or small developers selects first class
Central Ohio projects compete for new transformational mixed-use development tax credits
New tax abatement policy aims to increase affordable housing in Columbus
Economic development strategy helps bring $13M in federal funding to Dayton region
Expansion projects in Allen County seek tax abatements
State awards tax credits for $27M redevelopment of historic Cincinnati buildings
Google’s new $300M Columbus data center begins construction
Columbus’s incentive strategy attracted $4B in projects in 2021
Owners of former Columbus Castings site plan $100M investment in three new buildings
Guernsey County Port Authority allocated $2M grant for economic development
Carnation Mall redevelopment moving forward with TIF approval from Alliance
Downtown Newark Arcade project awarded $1M from the state
Grant and TIF package approved for Worthington’s High North project
Columbus reforming tax incentive program to require more affordable housing
Nearly $85M West Carrollton river district project could be “catalytic”
Developer seeks state tax credit for $107M downtown Cincinnati project
Shalersville, Streetsboro work to establish JEDD for warehouse development project
Public/private partnerships fueling economic development surge in Painesville
Downtown Cincinnati apartment project gets initial approval for tax incentive
Developer proposes fourth phase of Library Park in downtown Columbus
Study says Ohio is poised to become a leader in hydrogen economy
Atlanta developer building huge spec warehouse in Medina County
TIF plan for Carnation Mall in Alliance moves forward
Dayton: tax incentives supported $200M in new investment in 2021
Tax incentive helps bring Buckeye Sports Center to Huron
Insurance company’s $8M expansion will create 150 new jobs in Cincinnati
State offers incentive for $900M manufacturing project that would bring 1,200 jobs
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- John Caleb Bell, CRE®
- Dylan F. Borchers
- William T. Conard II
- Price D. Finley
- Jeffry D. Harris
- Mike Jacoby, CEcD
- Colin J. Kalvas
- Glenn S. Krassen
- Gregory J. Lestini
- M. Shannon Martin
- Robert F. McCarthy
- Christopher L. McCloskey
- Frank L. Merrill
- Devin D. Parram
- Christine Rideout Schirra
- Adam W. Seeley
- Dane Stinson
- Catherine M. Swartz
- Jason Tiemeier