Regional manufacturer plans $4M-plus expansion, 63 new jobs

Aug 23, 2018 | News, Newsletter |

Thomas Gnau, Staff Writer
Dayton Daily News

 

Forklift and equipment manufacturer Crown Equipment Corp. is planning a more than $4 million expansion at its New Knoxville facility, an application for a building permit indicates.

The expansion at 7587 Ohio 219 will cover 57,460 square feet and is valued at $4,061,037, according to a building permit application filed last month. The expansion is for a “new manufacturing addition.”

The state of Ohio expects the project in Auglaize County expects to create 63 full-time positions by the year 2021, which will generate $2.5 million in new annual payroll.

Late last month, the Ohio Tax Credit Authority approved for the project a 1.309 percent tax credit for 6 years. The New Knoxville plant was one of two Crown facilities considered for the expansion, with the other site in Indiana.

Based in New Bremen, Ohio, Crown Equipment designs and makes forklifts, material handling equipment and their components.

Click here for the full article.

Site Development Strategy Key to Early Opportunity Zone Success

Marketing helps but a fancy web site cannot replace a strong site development plan that illustrates an Opportunity Zone is prepared for development. Creating an Opportunity Zone site development plan involves five steps that includes the creation of site plans and infrastructure finance strategies, enacting land use entitlements and tax incentives, advocating for a state and local Opportunity Zone public policy agenda, marketing the Opportunity Zone and seeking professional guidance to operate an Opportunity Zone by seeking investors.

read more

The Answers to Four Questions Determine if Your Region Behind in the Opportunity Zone Battle

Maybe it is a silly question since the ink on the IRS regulations are not dry nor are the even written in ink but economic development, elected officials and real estate developers are asking the question—is our region already behind in attracting capital for Opportunity Zones? The answer to four questions determines if your region is behind in this critical economic development opportunity.

read more

Global Design Expert Reveals Key Innovation Corridor Elements

The Uptown Consortium enlisted Sasaki, a global planning and design firm, to complete the master plan for the Uptown Innovation Corridor in Cincinnati. Bringing a broad, comprehensive vision to the table, the firm is working to articulate a thoughtful implementation framework that balances land use, urban design, placemaking and real estate strategies. The result is an execution roadmap to create a world-class urban district.

read more