New tax credits boost Dayton Children’s, other local projects

Published: Monday, April 16, 2018 @ 8:44 AM

A rendering shows the new medical center planned by Dayton Children’s Hospital. CONTRIBUTED
A rendering shows the new medical center planned by Dayton Children’s Hospital. CONTRIBUTED

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.

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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.

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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.

“Really, it’s all about providing solutions to projects,” Heitkamp said in a recent interview. “Whether it’s a Port (Authority) product, our product, whoever — or just some consulting we do on the structure of a deal — really, our goal here is to move the projects forward.”

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Need a job? More than 160 employers will be at UD Arena

Published: Monday, April 23, 2018 @ 4:45 PM


            The 2018 Spring Job Fair at the University of Dayton Arena is scheduled for Wednesday, April 25, 2018. Montgomery County Development Services and Wright-Patterson Air Force Base are putting on the event. Here, attendees meet with employers at a 2015 Spring Job Fair inside the arena. JAROD THRUSH/STAFF FILE PHOTO
            JAROD THRUSH
The 2018 Spring Job Fair at the University of Dayton Arena is scheduled for Wednesday, April 25, 2018. Montgomery County Development Services and Wright-Patterson Air Force Base are putting on the event. Here, attendees meet with employers at a 2015 Spring Job Fair inside the arena. JAROD THRUSH/STAFF FILE PHOTO(JAROD THRUSH)

More 1,000 people and over 160 employers will be at the 2018 Spring Job Fair Wednesday, April 25 at the University of Dayton Arena.

Government agencies and private sector companies spanning construction, engineering, education, health care, information technology, manufacturing, professional services and transportation will be on hand, according to organizers.

“People are in big demand now and this gives a a nice opportunity for the job seeker to meet with the hiring people for each company,” said Mark S. Anderson, an event organizer with Montgomery County Development Services.

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The county agency and Wright-Patterson Air Force Base will host the fair.set from 1 p.m. to 4 p.m., which is open to both civilians and military personnel. “It’s open to all residents in the entire Miami Valley,” he said.

To register, log onto OhioMeansJobs.com/montgomery .

Montgomery County and Wright-Patterson plan a similar fall jobs fair in September at the Nutter Center at Wright State University, but a date has not yet been scheduled, Anderson said.

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Opening date announced for Macy’s outlet store in Dayton

Published: Monday, April 23, 2018 @ 4:24 PM


            KARA DRISCOLL/STAFF
KARA DRISCOLL/STAFF

Macy’s will open an outlet store at the Dayton Mall in June.

The department store will open its first Dayton-area Backstage outlet store at the Dayton Mall on June 6. The new outlet store will have approximately 12,900 square feet of dedicated retail space and will live on the second level inside the full-line Macy’s. The grand opening will be celebrated with giveaways for the first 200 customers and special events throughout the day.

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“Our customers are excited about the Macy’s Backstage shopping experience,” said Michelle Israel, Macy’s Senior Vice President of Off Price. “Macy’s Backstage Dayton Mall was designed to bring great deals and the fun of the hunt into our existing location. If you’re looking for a fashion update, a last-minute gift, or a special treat for yourself, your home or your pet, we have you covered.”

Seven free-standing Backstage stores opened in the Northeast and San Antonio, TX in 2015 and 2016. In the subsequent years, Macy’s has opened approximately 63 store-within-store locations, allowing customers to shop both merchandise offerings in one trip to their local mall. There are currently 70 Macy’s Backstage locations across the U.S.

The Dayton Daily News was the first to report about the Backstage outlet coming to the region. The estimated market value of the completed project is $75,000.

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Did you buy this product? Vegetable sold in Ohio ALDI stores recalled

Published: Monday, April 23, 2018 @ 3:29 PM


            FILE
FILE

A vegetable item sold in Ohio ALDI stores has been recalled.

McCall Farms Inc. is voluntarily recalling a limited amount of cases of Happy Harvest Spinach in 13.5 ounce cans as a precautionary measure due to the potential presence of peanuts resulting from product mislabeling, the U.S. Food and Drug Administration announced.

The product was available for purchase in the following states: Florida, Georgia, Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, Virginia, Wisconsin, and West Virginia. The product was also available for purchase to ALDI customers in the Atlanta and Chicago areas through the company’s partnership with Instacart, a grocery delivery service.

All affected product has been removed from its stores. ALDI is the only retailer with this product. The product was packaged in 13.5 oz cans with the lot code of A23IX. The best-by date is January 2021. The UPC code is 041498131289.

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500 people from two local companies inspect fan blades after fatal accident

Published: Monday, April 23, 2018 @ 8:52 AM

A CFM56 engine built by CFM International in West Chester Twp. is readied for installation on the A320 final assembly line at an Airbus factory in this 2014 photo. CONTRIBUTED.
A CFM56 engine built by CFM International in West Chester Twp. is readied for installation on the A320 final assembly line at an Airbus factory in this 2014 photo. CONTRIBUTED.

In the wake of last week’s fatal Southwest Airlines accident, about 500 people tied to two regional companies are involved in inspecting engine fan blades, making sure those components are airworthy.

Those companies are also supporting investigations into why the Southwest aircraft engine blew apart last week, killing a passenger on a New York-to-Dallas flight.

CFM International — a joint venture between French firm Safran and GE Aviation headquartered in West Chester Twp. in Butler County — late last week issued a service bulletin to operators of CFM56-7B engines, which power certain Boeing 737 airplanes. The bulletin calls for inspections of fan blades on engines that have been in service for a long time.

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“The big effort right now is the 500 GE and Safran team members involved in assisting airlines with the fan-blade inspection program,” said a spokesman for GE Aviation, Rick Kennedy.

The European Aviation Safety Agency and the Federal Aviation Administration have each issued emergency airworthiness directives calling for inspections of fan blades on CFM56-7B engines.

This has wide ramifications.

Southwest Airlines is cancelling about one percent of its flights due to the need for inspections. About 40 flights have been impacted, a media report said.

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Last week, an affected Southwest Boeing 737 took off Tuesday from New York, headed for Dallas. About 20 minutes into the flight, at an altitude of about 32,500 feet, a fan blade broke off the engine and shrapnel shattered a window.

A passenger on that flight, Jennifer Riordan, 43, was sucked part of the way out of the broken window and pulled back inside by fellow passengers.

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The engine in question is assembled in the GE-Evendale plant and by Safran (previously Snecma )in Villaroche, France.

CFM, which has offices in West Chester Twp., is a joint venture of French firm Safran and GE.

Jamie Jewell, a GE Aviation spokeswoman, said the CFM engine has been in service since 1997 and production has been gradually phasing out as GE and CFM ramp-up introduction of the new LEAP engine.

"None of that is as a result of SWA (Southwest Airlines) incident," Jewell said in an email.

The engine's fan blade is produced by Safran, but the National Transportation Safety Board is leading the investigation. Jewell said the companies do not expect to rely on the University of Dayton Research Institute (UDRI) for any post-accident engine component testing at this time.

UDRI is involved in testing of engine casings or housings to help determine how durable those components are. 

CFM sent a team of technical representatives to the site to assist NTSB and government investigators in their probe of what happened on the Southwest flight.

Citing international conventions governing these investigations, Jewell said she can't comment on whether any causes have been identified in the Southwest accident.   

"The NTSB is leading the accident investigation according to the ICAO (International Civil Aviation Organization) Annex 13 rules, and CFM cannot provide information about the accident or details related to it," Jewell said. 

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