New look. New energy. New ways to get involved.
The Ohio Economic Development Association is more than just a new website. There’s a new energy at OEDA, reflecting those we serve. As the professional association for economic developers, our new brand reflects our members– dynamic, on-the-move, decisive, knowledgeable, informed, engaging. The Ohio Economic Development Association is committed to helping our members expand their knowledge, expand their network and expand their influence. So, come join us as we work to expand your opportunities.
The Ohio Economic Development Association is committed to providing Ohio’s economic development community with resources to help practitioners best serve their business community during the COVID-19 outbreak. We believe one of the most helpful roles OEDA can play is curator; sifting through and summarizing the vast amount of information so you can focus on what you need as professionals.
THE STATEWIDE AUTHORITY ON ECONOMIC DEVELOPMENT ISSUES
OEDA is your partner for success at every step of your career. Our foundational programs and services are designed to support you in your current position as well as preparing you for future career growth. Whether it is through our jobs board, opportunities to connect, or your expansion of knowledge, OEDA opens doors and expands opportunities.
IRG Finalizes Acquisition of Large North Toledo Property for Redevelopment Through Partnership with Port Authority
Industrial Realty Group, LLC, one of the country’s largest owners of commercial and industrial properties, announced today that it has acquired Toledo’s former Teledyne manufacturing plant, totaling 373,000 square feet to add to its 39 million square foot Ohio portfolio.read more
The Cincinnati Riding or Walking Network (CROWN) is a vision for a 100+ mile active transportation network comprised of multi-use trails and on-road bike lanes. Stretching from the far west side to all the way east, it will connect more than 356,000 people in 54 communities to significant destinations like parks, schools, centers for employment, retail, recreation, and entertainment.read more
Wright-Patt Credit Union (WPCU) opened the doors of its seventh Columbus area member center on Monday, June 21 in Gahanna. Mayor Laurie Jadwin stated that the City is excited to welcome Wright-Patt Credit Union to Gahanna. “Having strong financial institutions that are focused on resident engagement is an asset in any city. Beyond adding to our financial sector, I am thrilled that Wright-Patt has chosen to make an investment in a community center that will serve members and organizations alike within Gahanna.”read more
Senate leader on how to use State’s $5.4B ARPA Allocation: Broadband & Brownfields: Not counting any American Rescue Plan Act funds to local governments, Ohio is expected to receive approximately $5.4B in federal COVID-19 relief stimulus funds. At the time of this writing, Ohio has received half ($2.7B) from the U.S. Treasury in the first tranche of funding; the funds must be committed by September 30. We expect these funds to be appropriated by the Ohio General Assembly in a stand-alone bill, outside the scope of the pending state operating budget (HB 110).read more
(Formal) bipartisan talks ended as of June 8 for federal infrastructure bill: President Biden cut off negotiations with lead Republican negotiator, Senator Shelley Moore Capito of West Virginia, via phone call on Tuesday, June 8. He made clear the gulf between the Senate Republicans and the Administration was too wide; the last counter-offer from Sen. Moore Capito was to add $50B to her last infrastructure spend amount.
The move to inject significant federal spending to the county’s network of roads, bridges, water pipes and other physical infrastructure now will proceed either (1) under the Senate’s budget reconciliation process to avoid the filibuster or (2) via a group of centrist senators who have been working separately on their own infrastructure plan. President Biden called the latter group individually and urged them to find a solution.read more
State Controlling Board creates new fund accounts to accept federal stimulus: On April 19, the Controlling Board approved Ohio OBM’s request for three new funds to accept the American Rescue Plan Act’s state and local government stimulus payments:
• State Fiscal Recovery Fund (5CV3) – To accept funds allocated to the state of Ohio from the State Fiscal Recovery Fund from the American Rescue Plan Act. Ohio is estimated to receive approximately $5.5B from the U.S. Treasury to be used for costs incurred through December 31, 2024. Payments are to be made to the State from the U.S. Treasury within 60 days of certification of need by Governor DeWine.
• Local Fiscal Recovery Fund (5CV4) – To accept funds allocated through the State of Ohio from the American Rescue Plan Act to non-entitlement units of local government. Ohio local governments are estimated to receive $815MM in funds to be distributed within 30 days of receiving the funds to the local governments. Counties and metro cities will receive Local Fiscal Recovery Fund allocations directly from U.S. Treasury and will not pass through the Ohio OBM.
• Coronavirus Capital Projects Fund (5CV5) – To accept funds allocated to the State of Ohio from the Coronavirus Capital Projects Fund from the American Rescue Plan Act. Ohio is estimated to receive $274MM to carry out critical capital projects directly enabling work, education, and health monitoring, including remote options, in response to the public health emergency. The U.S. Treasury is required to establish the application process for the funds no later than 60 days after the legislation’s enactment.
The best and the brightest practitioners have invested in their careers and communities by becoming members of the Ohio Economic Development Association. But, other top industries and organizations have as well. Support for OEDA is support for the economic development profession and reflects these organizations’ commitments to growing the Ohio economy.