Marysville – Union County Celebrates Launch of Speculative Development

Dec 8, 2020 | News, Newsletter

Jason R. Stanford
Union County-Marysville Economic Development
Marysville-Union County Port Authority

 

 

Southgate Corporation recently broke ground on a speculative development at 1100 Innovation Way in Marysville, Union County. Site readiness work for the $8.9 million project has already commenced, with an anticipated completion date of Q4 2021. Located within Marysville’s 33 Innovation Park, the development will be comprised of 84,000 SF of multi-tenant Class A industrial and R&D speculative space at 1100 Innovation Way, as well as an adjacent pad-ready site that can accommodate a building of up to 112,000 SF.

In 2016, the City of Marysville acquired a 206-acre property and invested over $7 million to develop the 33 Innovation Park. The City’s goal is to capitalize on the rapid growth of the 33 Smart Mobility Corridor and to attract business expansions from target industry sectors, including manufacturing, technology, research and development, agriculture technology, aerospace and advanced mobility.

More information about the project can be found by visiting: http://www.33park.com/

State Offers Tax Credit to Redevelop Ohio Neighborhoods

The Ohio Department of Development (Development) announced today that the application for the new Transformational Mixed-Use Development Program is open. The program provides a tax credit for major, mixed-use developments in Ohio. Applications are now available on Development’s website.

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$500 Million Available for Brownfield Funding in Ohio

Ohio’s 2022-2023 budget recently signed by Governor DeWine, allocates $500 million in new brownfield funding. Funding will be administered by the Ohio Department of Development (ODOD) which must adopt rules for allocation of brownfield funding and the demolition program. The rules will determine project eligibility and administration of the program.

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