For years, the Gulf Coast was recognized as the place in North America for energy investment. Today, energy investors are turning their gaze to Ohio.
As you know, Ohio sits atop much of the Utica and Marcellus shale formations, a source of vast amounts of natural gas. This has largely contributed to a rising interest from energy companies in investing in Ohio. These shale formations have brought about more investment opportunities, no matter where in the state companies choose to invest.
As a business owner, it’s not a matter of if you’ll need funding but when. So what options exist for financing?
As you start your business, it’s important to develop a relationship with a banker because this will be your advocate when it’s time to apply for a business loan. The banker will tell your story to the underwriter and help them to understand your need for financing and any hiccups you’ve had along the way.
As I’ve toured the Great Lakes Region and met with small businesses across Ohio, I’ve heard countless times about many not being able to grow (and sometimes sustain) because of their inability to find skilled workers to fill the job opportunities. Not only is this hurting the small businesses, it’s also affecting economic development.
The Warren County Port Authority (\VCPA) closed its tenth bond fund transaction on Thursday, June 13, 2019. The newly created Ohio Communities Accelerator Fund (OCAF) issued $390,000 of PACE (Property Assessed Clean Energy) bonds to partner with the City of Middletown, the Butler County Port Authority and the Community Building Institute to finance improvements for the Robert “Sonny” Hill Community Center. The anticipated upgrades to the facility will include improvements to indoor/outdoor lighting, new HVAC systems/controls and roof modernization. These improvements to the Robert “Sonny” Hill Community Center will enhance the mission to provide a safe and fun environment for people to engage in recreational activities, learn about educational opportunities and stay connected with the Middletown community.
Wyandot County holds a new record as the county creating jobs at the fastest pace in the state of Ohio.
A recent Ohio State University study compiling U.S. Bureau of Labor Statistics (BLS) data revealed that during the period from 2010 – 2018, Wyandot County delivered the highest job growth rate in the state of Ohio at 23%. This outpaced the next fastest growing county, Holmes County, by 3 percentage points, and the fastest growing major metro area, Columbus, at 18%.