OEDA announces and congratulates the 2019 class of OhioCEDs — Certified Economic Developers
As is the case for Ohio and as you all know, the most successful economic development efforts can be directly attributed to the assembly of a talented, highly cohesive and cross-functional team. Earlier this year, our statewide economic development network gained two engaged and energetic advocates in Gov. Mike DeWine and Lt. Gov. Jon Husted. Both are already passionate about being involved.
Communities across Ohio are realizing their possibilities for growth because of the investments Ohio is undertaking. Ohio has 320 Qualified Opportunity Zones in 73 counties, and the Ohio Development Services Agency is working to help local communities make the most of the opportunities.
Homeowners in Summit, Franklin and Lucas Counties will soon have access to low-interest loans for energy efficiency improvements through property assessed clean energy (PACE) financing. In Summit County, the City of Barberton will begin offering residential PACE (or RPACE) to homeowners. In Franklin and Lucas Counties, the cities of Bexley and Toledo have authorized agreements with the Toledo-Lucas County Port Authority to offer RPACE to their residents.
Growing mid-sized urban markets are succeeding in retaining and attracting high-wage jobs because they illustrate economic vitality through increasing population, stable demographics, strong private-sector job performance, a solid workforce pool, and a much lower cost of doing business compared to their mega-urban counterparts. This does not mean mega-urban centers (top 10 largest population centers in the U.S.— New York; Chicago; Los Angeles; Houston; Dallas-Fort Worth; Miami; Washington, D.C.; Philadelphia; Atlanta; and Boston) are not successful. These global cities offer massive consumer and business markets, leading global industry sectors, an urban renaissance, and connections to markets through unmatched airports. However, many companies are focused on the faster pace of growth, lower cost of doing business, and a workforce large enough to serve most company needs in a mid-sized urban center.