Warren County Port Authority’s Ohio Communities Accelerator Fund Newly Created Fund Closes Its Tenth Transaction

Jun 19, 2019 | News, Newsletter

Martin Russell
Warren County Port Authority

 

 

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.

OCAF is led by WCPA Executive Director Martin Russell and Deputy Director Matt Schnipke. Assisting OCAF on this transaction were Colin Kalvas and Caleb Bell of Bricker & Eckler LLP and Andy Brossart of Bradley Payne. The Bricker team provided legal counsel and Mr. Brossart served as the WCPA’s financial advisor.

OCAF is a lending program designed to make capital available to public communities and private parties that seek to develop new or support existing capital assets. OCAF seeks to work collaboratively with both public and private participants. The mission of OCAF is to deliver excellent client service, speed to market, and innovative solutions for public and private projects.

For more information about the Ohio Communities Accelerator Fund, please contact the Warren County Port Authority at 513-695-2090 or visit the Port Authority’s website at:  www.warrencountyport.org.

 

2019 Annual Excellence Awards – Call for Nominations

The Ohio Economic Development Association’s annual Excellence Awards program recognizes the achievements of individuals and organizations in Ohio in the areas of economic and workforce development. Submit your nominations today and have excellence in your community recognized statewide!

A panel of judges will assess the nominations, determine finalists, and select a winner for each of the categories noted below. Award winners will be announced at a ceremony during the OEDA Annual Summit to be held October 16-18 at The Renaissance Columbus Downtown. All award finalists and winners will be notified prior to the Annual Summit so as to make appropriate arrangements.

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Groundbreaking Celebration in Chillicothe

Ninety percent of the Kenworth Class-8 global truck volume is built in Chillicothe, Ohio!

On April 24, 2019, the community celebrated the groundbreaking for a new paint facility that will improve efficiency and preserve the quality of The World’s Best Truck.  The project represents $140 million in capital investment and will bring 100 new, great paying jobs to Ross County upon its completion in 2021.  The Kenworth Chillicothe plant, which opened in 1974, currently employs more than 2300 people.  In addition to the new paint facility, a $30 million robotic cab assembly system will be installed this summer.

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