JobsOhio Helps Drive Down the Cost of Brownfield Redevelopment
The Montrose Group.
Infill and urban development is becoming increasingly popular as the Millennial generation choses to live and work in walkable, new urbanist communities. Despite that trend, a greenfield site is much easier to sell and less costly to develop than a brownfield-infill site.
A greenfield site with all the infrastructure in place may sell for $45,000 an acre while a competing brownfield site may need to sell for twice that much to cover the considerable costs of environmental assessment and remediation and demolition. In many instances a public-sector partner is needed to help drive down the costs of the brownfield site to make it compatible cost-wise with a greenfield site.
Click HERE to learn more about JobsOhio programs that help drive down the cost of brownfield redevelopment.
OEDA invites you to submit a proposal to present at the 2018 Annual Summit, themed “Back to Basics” to be held October 17-19 at the Columbus Renaissance Downtown. The sense that 2018 is going to be a very busy and dynamic year serves to remind us that we need to be doing the foundation work better than ever in order to have great success.read more
In 2017, the regional economic development partners across the 18 counties of Northeast Ohio worked together to achieve or exceed goals set by JobsOhio in four categories: projects completed, jobs created/committed, payroll added/committed and capital investment. Let’s keep the momentum going!read more
This report provides an overview of how JobsOhio executes its mission to drive job creation, new capital investment, and economic growth in Ohio through business attraction, retention, and expansion efforts.read more