A new economic development initiative – the Wilmington DRIVE (Downtown Revitalization Investment Vibrancy Effort) is being put in place to advance downtown Wilmington redevelopment opportunities.
With the U.S. Treasury’s January 2022 release of its Final Rule[1] in the use of American Rescue Plan Act[2] (ARPA) funds, we began publishing this series of articles reviewing the lesser publicized aspects of that guidance (hence, the “B-sides” moniker). In this edition, we address the Treasury’s presumed eligible use of federal stimulus funding in the development of affordable housing, and the limited scope under which private, for-profit entities may receive transfers of ARPA funds to carry out such ends.
SEMCORP Advanced Materials Group will establish an 850,000-square-foot manufacturing facility in Sidney. The project represents a $916 million capital investment, and will create nearly 1,200 jobs with $73 million in annual payroll. This marks the largest-ever capital investment in the Dayton region and the largest initial foreign investment in Ohio. It is also one of SEMCORP’s largest investments.
The City of Dublin is implementing a Micro-Mobility Demonstration Pilot introducing electric-powered Bird scooters to the City. Phase 1 will make scooters available south from Interstate 270 to Tuttle Crossing Boulevard and west from Sawmill Road to Interstate 270. This area includes both Historic Dublin and Bridge Park.
In March 2020, KEMBA revealed the design for its new state-of-the-art, 147,000 square-foot, eight-story Class A corporate headquarters adjacent to its existing Union Centre facility. Schumacher Dugan Construction Company has completed construction and KEMBA Credit Union employees will soon occupy the tallest building in West Chester Township.