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Revitalization Efforts in Downtown Urbana Focus on Housing, More Shops

12/9/2019

 
By Hasan Karim, Springfield News-Sun Staff Writer
With the last piece of needed funding recently locked down, the ‘Legacy Place’ senior housing project in downtown Urbana is one step closer in bringing more than a dozen apartments in the area.

It is something city officials say will have a trickle down effect in downtown. The hope is with more people living there, it will boost business for shops and restaurants that are within walking distance.
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In the past five years, the number of living opportunities in the area have about doubled.
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CEP Enters 5th Year Advancing Local Economic Development

4/26/2019

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Marcia Bailey
Marcia Bailey
By Marcia Bailey, Director Champaign Economic Partnership
There’s power in working together for a shared purpose of business expansion and job creation. The Champaign Economic Partnership (CEP) has proven that, since becoming Champaign County’s economic development agency, nearly five years ago.
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The CEP couldn’t do this without the financial support, talent and leadership of our partners, the City of Urbana, the Champaign County Commissioners, Mechanicsburg, North Lewisburg and St. Paris, more than 20 local businesses and our 19-member board.
Key development projects
Thanks to economic development investments by private businesses working with the CEP, Urbana – for the first time ever – ranked 41st in the Site Selection magazine’s 2017 list of top U.S. micropolitan communities.
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Recent successes include the new Navistar distribution center, Memorial Health’s medical building, expansion of Weidmann Electrical Technology, opening of Nutrien Ag Solutions, Sutphen Corporation’s new Service, Parts and Refurbishment Center, expansion of Old Souls Farms hydroponic operations, expansion of Advanced Technology Products and purchase of the former Robert Rothschild Farm property.

Champaign County manufacturing jobs have grown from under 3,000 jobs in 2013 to nearly 4,000 in 2018.

Major projects for 2019 include:
  • Construction of a 54-room Cobblestone Hotel in Urbana, owned by local investors
  • Completion of cleanup of the former Q3/Johnson Manufacturing site 
  • Development of the proposed Legacy Place project to transform the former Urbana North and South Elementary schools and the Douglas Hotel into 51 affordable senior living apartments.
Preparing the workforce
The CEP is partnering with schools and businesses in numerous ways to help make sure Champaign County has the skilled workforce required by new and expanding businesses.

Results of these partnerships include:
  • The CEP's new business liaison, Ashley Cook, who helps coordinate workforce development initiatives with schools and businesses 
  • Internships and job shadowing opportunities
  • Job fairs and in-school presentations by businesses 
  • The online Community Job Connect job board, where local employers post job openings 
  • 11 TV monitors placed around Champaign County broadcasting news about local training programs, job openings, and economic development 
  • Ohio Hi-Point Career Center’s Advanced Manufacturing program at Triad Local Schools
  • YouTube videos of our local manufacturers
  • The Champaign County Business Advisory Council, partnering with schools and businesses preparing students for the local workforce.

Future development
  • Also in the works for economic development:
  • The City of Urbana will be reviewing results on development ideas for the South Main Street Corridor as well as the South High Street Corridor for potential improvement of pedestrian and bicycle traffic, drainage and parking
  • The Sowles Hotel building will be redeveloped for office and retail space.
  • The CEP will help St. Paris market its enterprise zone.
  • The CEP will be establishing a Community Reinvestment Area in Mechanicsburg 
  • The CEP will continue promoting Urbana’s Certified Opportunity Zone (COZ) which offers incentives for development in economically distressed areas.
  • Downtown property owners are moving ahead with redevelopment projects, following the Moving Downtown Forward initiative launched by the CEP in 2018.

For more information, call the CEP at 937-653-7200 or browse CEPOhio.com.
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Champaign, Clark counties Prepare to Market Areas Targeted for Investment

10/12/2018

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Champaign County Opportunity Zones
The Memorial Urbana Medical Center was built before the Opportunity Zone went into effect, but is an an example of some investment that has already taken place within the existing zone. BILL LACKEY/SPRINGFIELD NEWS-SUN STAFF
Champaign County Opportunity Tract
By Matt Sanctis - Springfield News-Sun Staff Writer
Economic development officials in Clark and Champaign Counties are preparing to promote new Opportunity Zones designed to spur investment in low-income communities.

The Opportunity Zones were established as part of the 2017 Tax Cuts and Jobs Act, which allowed states to identify low-income, high-poverty census tracts for the program, according to information from the Ohio Development Services Agency. The program will provide federal tax advantages to investors who seek to reduce or refer their capital gains tax burden and who invest in funds that funnel money into economically distressed areas.

The U.S. Treasury Department has certified 320 total tracts in Ohio, including four in Springfield and one in Champaign County.
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“The idea is essentially investors are able to defer a portion of their gains if they invest the proceeds from a sale into one of the opportunity zones,” said Devesh Kamal, a certified public accountant with Clark Schaefer Hackett, a Springfield accounting firm.

The program could lead to significant new investments into some of the region’s high-poverty neighborhoods, said Tom Franzen, assistant city manager and director of economic development for Springfield. There are a few limitations on the types of business that can qualify according to Clark Schaefer Hackett. For example, investment in a golf course or massage parlor is not allowed, but numerous other projects including housing and retail could qualify.

“Now that we have the designated Opportunity Zones, the next step for us to is to analyze the area contained within the Opportunity Zone to ensure that we identify and address potential barriers to attracting investments, such as zoning, permitting, and any others,” Franzen said.

One challenge is some of the rules for the new program have not been finalized, said Marcia Bailey, economic development coordinator for the Champaign Economic District which focuses on economic development in Champaign County.

“We can market we have an opportunity zone and where it is,” Bailey said. “We just don’t know what the rules are as far as the (Internal Revenue Service) is concerned.

Clark County’s four tracts generally focus on an area that includes downtown Springfield. The rough borders include Snyder Park Road to the north and West Grand Avenue to the South. Norfolk Southern rail lines to near Snyder Park form a portion of the West border with East Street on the Eastern border.

Franzen said the next step will be for the city to work with partners including the Chamber of Greater Springfield to develop a long-term strategy for the area as well as opportunities to market the zone.

“The Opportunity Zone, combined with recent efforts by the city commission to expand Community Reinvestment Act tax abatement opportunities in these same areas, as well as the commission’s refocused efforts on improving our neighborhoods, downtown and major corridors, could prove to be a compelling draw for investors,” Franzen said.

Bailey said local economic development officials also need to work with area residents to determine what kinds of investments will be most beneficial.

“Just because we have this Opportunity Zone, it’s still up to the property owner of do they want to sell their property for development to occur,” Bailey said.

Wendy Patton, a senior project director with Policy Matters Ohio, said one reason to be cautious about the new program is it’s left up to local communities to ensure the investments benefit current residents and businesses in the approved areas.

The idea behind the program is to provide a boost to areas that have some momentum, but historically Patton said tax incentives have a poor record in creating jobs. There’s also a concern expensive new developments could force up rents and make it tougher for some lower-income residents to remain in their neighborhoods.

A report from Policy Matters Ohio also pointed out the main beneficiaries will be the wealthiest tax filers who have the capital available to invest in the program.

“This program could help drive inequality or it could bring opportunity to these low-income people in these communities,” Patton said.

The report argues reporting requirements, transparency and enforceable community benefit agreements should be included in the program’s rules to prevent harm to residents.

“Our local elected officials and community leaders need to take it on themselves to ensure there’s some wealth that’s coming back to the community,” Patton said.

On the web:
https://development.ohio.gov/bs/bs_censustracts.htm

​FACTS & FIGURES
320 — Census tracts in Ohio
73 — Ohio counties in which eligible tracts were submitted
4 — Tracts in Springfield
1 — Tract in Champaign County
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CEP Office Location:
40 Monument Square, Suite 306
Urbana, Ohio 43078
937-653-7200
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All drone photography courtesy of Jassen Dobyns of UAVisions LLC. Additional photography courtesy of ​Dave Millner of the Champaign Camera Group.
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