DevelopOhio

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.

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

Thanks to a partnership among the Morrow County Development Authority, the Board of Morrow County Commissioners, and the Morrow County Engineer, the county will get a new engineering facility that will reduce costs, increase efficiency, and pay for itself in 20 years, the Morrow County Sentinel reports. The new garage “will be a roughly ...

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 ...

Eagerly anticipated details on the All Ohio Future Fund (Fund) are beginning to come to light. Ohio’s Office of Budget and Management (OBM) has scheduled a hearing December 11th on proposed rules for the Fund, which underwent a name change – from Investing in Ohio Fund – during the state budgeting process in 2023. Through the Fund, the ...

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

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

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

New Community Authority could provide money for new development in Mount Vernon

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

2023, the year of the rabbit in the Chinese zodiac, may well turn out to be the year of the CRANE (Community Reinvestment Areas in Need of Expertise) in Ohio. On January 2, 2023, Governor Mike DeWine signed Substitute Senate Bill 33, which, in large part, modifies not only the establishment and management of Community Reinvestment Areas ...

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

DSW parent company’s request to cancel tax incentive approved

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