DevelopOhio

Cleveland City Council recently approved Mayor Justin Bibb’s “plan to create a special downtown taxing district to pay for an overhaul of the city center and the Lake Erie and Cuyahoga River waterfronts,” Cleveland.com reports. The “Shore-to-Core-to-Shore” tax increment financing (TIF) district is expected to generate an estimated ...

Dublin-based Crawford Hoying and Dayton-based Woodard Development are seeking funding to complete “[o]ne of the largest development projects in downtown Dayton,” the $88 million transformation of the former Mendelson liquidation outlet “into a mixed-use economic driver in the city” called The Delco, the Dayton Business Journal

Site preparation will soon begin for a new multimillion-dollar mixed-use development on Pike Street in Marietta, bringing temporary construction jobs and 50–70 permanent jobs, the Marietta Times reports.

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.