City of Medina Announces Small Business Assistance Grant Program

The City of Medina Economic Development Department is pleased to announce that the application is now available for the Small Business Assistance Grant. The City of Medina has set aside $200,000 of American Rescue Plan funds to assist City of Medina small businesses with workforce challenges due to COVID-19.  Of this money, $50,000 has been set aside to assist micro-businesses. The grant must be used by successful applicants to address issues with hiring, rehiring, and retaining employees. The Program will be administered by the City of Medina Economic Development Department and the Economic Development Committee.

Brook Park gets $10 million boost to clean up former Ford site

The state has awarded Brook Park $10 million to clean up and redevelop a 200-acre vacant former Ford Motor Company property that eventually will accommodate the Forward Innovation Center.

“There were cheers throughout City Hall Friday afternoon (June 17),” Mayor Ed Orcutt told cleveland.com. “I couldn’t be more excited for transitioning the property into the Forward Innovation Center. This grant was the result of excellent teamwork.”

Economic Development Incentives Encourage Placemaking Economic Development

The International Economic Development Council has defined placemaking as “the practice of enhancing a community’s assets to improve its overall attractiveness and livability.” Placemaking is defined as large-scale projects like the creation of new public or revitalized public spaces, alternative transportation infrastructure, pop-up retail, housing, or Downtown beautification projects.  Bike trails, public beer gardens, parks, and other public spaces often mix uses and are attractive to residents and visitors alike. However, successful placemaking strategies require the use of multiple tools as well as an overall improvement in the quality of life available to area residents and visitors.

Land Bank Releases RFP for Redevelopment of Two Historic Skyscrapers in Downtown Toledo

The Lucas County Land Bank is pleased to release Phase 1 of a two-phase Request for Proposals to interested developers for the Four Corners Project.

The Land Bank and its partners, the City of Toledo, the Board of Lucas County Commissioners, the Toledo-Lucas County Port Authority, and ConnecToledo, desire the Four Corners Project to be a signature urban real estate redevelopment project that returns population density to this key junction of downtown Toledo, enhances the street level vibrancy at the corner of Madison Avenue and Huron Street, and catalyzes additional inclusive economic development in the surrounding area. We believe that this vision will only happen through a creative public-private partnership, and in that spirit, we look forward to working with interested developers to identify and support a future for these important buildings.

Federal Updates

CHIPS Act’s subsidies for semi-conductor manufacturing steps into the batting circle, now with a bigger bat.  Is it the next batter-up in Congress?  With Sen. Manchin’s (D – West Va.) death blow dealt to the Biden Administration’s climate change legislation in the U.S. Senate, the blockade of the pending CHIPS Act imposed by the Senate Minority Leader Mitch McConnell (R – Kentucky) appears to have been removed.  On Tuesday, July 19, the Senate held a test vote (64-34) to move forward with the semi-conductor manufacturing subsidy measure that had stalled previously in Congress, and now with a bigger impact.