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Published: Monday, April 16, 2018 @ 8:44 AM
— New Market tax credits are helping to change the face of Dayton.
Since 2010, CityWide Corp., the private economic development non-profit, has worked with investors to allocate some $155 million in federal New Market tax credits to help attract investors to boost projects across the city.
Most recently: With PNC Bank, CityWide allocated the credits to support the new health clinic being built by Dayton Children’s Hospital. That deal just closed late last week, said Brian Heitkamp, president of CityWide.
The credits have been used to boost development of the Third Street Dayton Recreation Complex, the YWCA women’s shelter, a Tech Town business park building, Goodwill, URS and other projects across the city, Heitkamp said.
In fact, CityWide is the only development organization in Dayton that can draw the credits from the U.S. Treasury, Heitkamp said.
Approved by Congress eight years ago, the credits are a tool to draw private investment to relatively low-income areas. The credits can be used to create low-interest, borrower-friendly loans, creating equity and new development all the while.
CityWide applies to the U.S. government for the credits, which are sold to banks at a discount. Banks buy the credits at less than face value, lowering their tax burden.
CityWide or other community development entities then take that cash to find worthwhile projects, like Dayton Children’s.
One criterion, Heitkamp said: “Jobs that make an impact on the community.”
“CityWide finds impactful projects in low-income census tracts throughout the region,” he said. “We then allocate the credits to the selected projects. The investor buys the credits and inserts their investment into the projects.”
Each project is done separately so the investor and development organization mix can change, he said.
CityWide’s involvement in the Dayton Children’s clinic made sense, Heitkamp said. With that project, CityWide put about $8.5 million of the new market credits into the building while PNC invested about $2 million.
Late last year, the city of Dayton approved rezoning the former Dayton Electroplate property at the corner of Stanley Avenue and Valley Street to make way for the new clinic, to be built by Beavercreek-based Synergy & Mills Development.
CityWide isn’t the only organization helping with the project. Before construction began, the hospital asked the Dayton-Montgomery County Port Authority to take title on the property, hold it and then deed the site back to the hospital at the appropriate time, said Jerry Brunswick, executive director of the Port Authority.
Published: Saturday, July 14, 2018 @ 2:26 PM
LEBANON — A couple of Lebanon cheese-makers could have a full liquor license just in time for the opening of their creamery and wine bar in Lebanon’s proposed entertainment district.
Cecelia Garmendia and Ryan Tassef plan to open Lamp Post Cheese this fall on the north end of the area envisioned as an occasional entertainment district on East Mulberry Street in Lebanon.
“We make cheese from locally sourced milk from Swallow Hill Jersey Dairy in Bowersville,” Tassef said. “We know it as Farmer Todd’s.”
The couple had been making the cheese in a small rented space in Sharonville and selling it at the the Lebanon Farmers Market and Findlay Market in Cincinnati and to other customers, including Oakley Wines in Cincinnati and Bouquet Restaurant and Wine Bar, across the Ohio River in Covington, Ky.
“Our goal is to provide the urban community with the end-to-end experience that surrounds cheese. Starting with locally sourced milk from farms, to crafting small artisanal batches. We are bringing this process into the urban community to provide both visual and hands-on opportunities,” Tassef and Garmendia tell visitors to their web site.
“In addition, we seek to work with the local food community, to help organize tastings, pairings, events and novel collaborations that allow us to enjoy and learn about cheese and other local foods together. Ultimately, we strive to maintain olde world traditions in cheese crafting.”
In September, the couple plans to open at 107 E. Mulberry St. in Lebanon, down the street from the main stage area for city festivals and within the proposed entertainment district.
“We will now be able to serve all the cheese enthusiasts from Dayton to Cincinnati,” they advised visitors to the web site.
Meanwhile, they are working with contractors to build an aging room, bar, tasting and cheesemaking areas. The cheesemaking is to be happen next to a window on Mulberry.
“Right in the window, right here,” Tassef said, standing in the unfinished 2,450-square-foot space leased for five years from Keith Alexander, the local property owner whose family has developed a string of businesses on Main Street.
Last week, Lindsey Leberth from the Ohio Department of Liquor Control said the Lamp Post application was for a D5 license for liquor sales on-premises only and beer, wine and mixed beverages on or off-premises until 2:30 a.m.
“It has completed the first inspection,” Leberth said in an email. “General issuance is normally within 10 to 12 weeks from the application date.”
Tassef said they didn’t really plan to operate a full bar, but found these licenses more readily available than lesser ones.
Lamp Post had one of two pending D5s in Lebanon. Reids Sports Bar and Grill, 549 E. Main St., is the other, Leberth said. Two are available, she added.
Meanwhile demand for Lamp Post Cheese seems to be building.
“We’re out of stock at this point,” Tassef said.
Rejected for a state capital funding request, the city plans to use $400,000 in state racetrack redevelopment funds to set up the area on East Mulberry Street to be designated for open-container drinking during special events.
Last month, Lebanon City Manager Scott Brunka said the city was working with the state to use the last of the city’s racetrack redevelopment funds to pay for entertainment district development.
Published: Friday, July 13, 2018 @ 12:18 PM
Dayton, OH — Sleepwear for children and medication packets are on this week’s list of recalls from the Consumer Product Safety Commission.
Children’s onesies with hoods and fleece pajama pants by Allura are being recalled because they don’t meet flammability standards and pose a risk of burns, but no injuries have been reported.
The onesies were sold under the brand name “Delia’s Girl” and the fleece pants have the brand name “Sweet N Sassy” on the waist label.
They were sold in a variety of colors and prints.
Don’t let your child wear the pajamas and contact Allura at 866-254-3103 to receive a full refund.
Prescription drug blister packages by Sandoz and Novartis are being recalled because they aren’t child resistant.
There is one report of a child ingesting a haloperidol after opening a blister pack.
Multiple prescription pills and packages are part of this recall. The full list can be found here.
Consumers should continue to take the medication but keep the packages away from children and contact Novartis or Sandoz at 888-669-6682 for further instructions.
Snowboard boots by Burton are under recall after seven reports of them releasing from the binding without warning, which could cause a fall.
No one has been hurt but don’t use the recalled models and colors of Step On snowboard boots and contact Burton at 800-881-3138 to receive a free heal cleat.
Avalanche transceivers by ORTOVOX are being recalled because they may fail to transmit a survivor’s signal after an avalanche.
No one has been hurt but do not use the transceivers with the model numbers 1137000006, 1137000001 and 1137000002, which were manufactured from 2010 through 2018.
Contact ORTOVOX at 877-384-9252 for information on how to return the product for a free repair.
Published: Sunday, July 15, 2018 @ 8:00 PM
MONROE — Illinois-based automotive parts manufacturer UGN Inc. has chosen Monroe to be the focus of its 2018 expansion efforts.
The Warren County site at 201 Exploration Drive was selected over another in Valparaiso, Ind., following an announcement in February that UGN planned to expand at one of its two Midwest locations.
Here are five things to know:
1. What will the expansion add?
The expansion of UGN Monroe will increase the size of the 232,000-square-foot facility’s building by 154,000 square feet to help UGN supply Toyota and Subaru. The expansion will require 111 new team members and add nearly $6 million in salaries.
“UGN’s rapid growth is a result of the company’s dedication to innovation and quality,” said Jennifer Patterson, Monroe’s assistant to the city manager for economic development. “Such a substantial expansion just three years after building their initial building in Monroe is great news for their current and future employees, as well as the city, the region, and the state.”
2. What is UGN Inc.?
Founded in 1986 as a partnership between Nihon Tokushu Toryo Co. (Nittoku) and Autoneum Holding AG, UGN produces acoustic, interior trim and thermal management products, and is a recognized leader in customer satisfaction for the Japanese transplant automotive industry in North America.
The company, with more than $415 million in revenue, has six locations in the United States: Monroe; Valparaiso, Ind.; Novi, Mich.; Jackson, Tenn.; Somerset, Ky. and Tinley Park, Ill., as well as a location in Mexico specializing in manufacturing, research, development, testing, and service support.
The Monroe plant meets an increased need for new carpet and underfloor technologies, which started being made in the United States for the first time ever in 2015 and are found in Japanese-produced automobiles.
3. Did UGN get a tax deal to expand in Monroe?
Earlier this year, Monroe City Council, citing the “high level of interstate competition,” approved an ordinance authorizing a 50 percent net profits rebate for UGN for eight years starting with tax year 2019.
The legislation also waived 30 percent of building fees for the company and extended a reduction in the water rate to $5.09 per 1,000 gallons an addition two-and-a-half years to 10 years.
4. What are company and local leaders saying about expanding in Monroe?
“We are excited about our growth in Monroe, and I’m very happy our customers are embracing the UGN innovations and are designing them into their future vehicles,” Peter Anthony, president and CEO of UGN, said in a release. “Ultimately, these technologies benefit UGN’s customers, in turn adding value to the end customer — the drivers themselves.”
State Rep. Candice Keller, R-Middletown, said UGN, since it opened in Monroe has been providing “much-needed, highly skilled jobs” for the Monroe community. “Since then, it seems it has just continued to grow,” Keller said in a statement. “Now, thanks to the help of JobsOhio, the Monroe branch is going to see an increase of 111 jobs. Keller said the expansion was the kind of good news area families need, namely more jobs and higher wages. “Because of this, more families can now experience more prosperity in our communities,” she said.
5. How can you apply for a job at UGN?
Published: Sunday, July 15, 2018 @ 4:00 PM
LIBERTY TWP. — A new event space coming to Liberty Center will offer babysitting services when it’s not hosting parties.
Sugar & Spice Spa/Event Center, which will be located inside The Foundry near Old Navy, offers planning, production, design and decor for all occasions and celebrations from weddings to birthday parties.
When it’s not used as an event center, it will be a children’s drop-and-shop activity center, where parents can drop their children off with certified babysitters for up to four hours for a fee while they shop.
The business is expected to open later this year.