Contact:
Hamilton County Economic Development Office
Contact: Mr. Harry Blanton
(513) 631-8292
www.hcdc.com
www.hcdc.com
Community Improvement Corp. of Greater Cincinnati (CIC)
The Community Improvement Corporation of Greater Cincinnati (CIC) was established to encourage overall economic development and growth within the community. Often a CIC is established to revitalize a particular area of a community as it allows community leaders to create a separate entity to monitor revitalization efforts. A CIC has the ability to sell and acquire properties, allowing it to act as a private corporation within the public sector realm. Additionally, a CIC can borrow money and acquire, sell or lease personal property, stocks, corporations, and other investment options.
Another key aspect of a CIC, though often only used in more moderately distressed areas, is its ability to make loans to businesses and individuals that have been refused financing through traditional lending sources. A CIC must develop a revitalization plan for the proposed area. Its own board of directors governs it.
At this writing, the CIC of Greater Cincinnati is primarily involved in approving applications for conduit bond financing. It has not adopted a comprehensive position regarding underutilized commercial (greyfield) properties in First Suburbs communities. Hypothetically, the CIC has the ability to become actively involved in acquisition financing, purchase options, and site assembly, as a lender or as investor. This initiative will require extensive analysis, a structured project select approach, and extensive discussion. Finally, any initiative depends upon a clear mandate from the Hamilton County Commissioners.
Contact:
The Community Improvement Corporation of Greater Cincinnati
Attn: Barry I. Strum
(513) 458-2212
www.hcdc.com
Business Retention Program
Studies have shown that up to 80% of job growth in any U.S. community comes from existing businesses. Therefore, business retention programs have become one of the most important tools utilized by communities to grow local economies. The goals of a BR&E program include:
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Identify companies with plans to expand;
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Identify companies at risk of leaving/downsizing;
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Identify company and community problems;
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Provide assistance; and
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Build relationships.
Hamilton County Development Company (HCDC) worked with local government officials, utility officials, and nonprofit corporations involved in economic development
to coordinate a county-wide, customer-focused business outreach program designed to link businesses to resources that help them stay and grow in the community. This would be accomplished through:
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Formation of a BR&E Advisory Council
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Training program for participants
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Increasing the number of business retention visitations from 75 to 150 in the first year
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Overseeing survey data input
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Compiling an annual report which will include identified business concerns and resulting assistance provided
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Recommendations to policy-makers
HCDC has conducted a formal business retention program for the past eight years. Calls have ranged from 50-75 calls per year, utilizing current staff.
In addition, some community officials in Hamilton County conduct business retention visitations to varying degrees. However, there is currently no coordination between communities and economic development officials to ensure consistency, avoid overlap, and address impediments to growth identified in these meetings.
HCDC continues to enhance its business retention efforts through the following:
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Partnering with local communities and other entities
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Conducting training on business retention
Contact:
Hamilton County Economic Development Office (EDO)
Attn: Mr. Harry Blanton
(513) 631-8292
www.hcdc.com
Port of Greater Cincinnati Development Authority
Hamilton County Land Reutilization Corporation
The HCLRC is better known as “the Land Bank”. Its mission is to return vacant properties to productive use. The Land Bank works in cooperation with governmental and non-governmental partners, as well as private developers.
The Port of Greater Cincinnati Development Authority staff provides all executive and administrative services to fulfill the HCLRC staffing needs.
Contact:
Port of Greater Cincinnati Development Authority
299 East Sixth Street, Suite 2A
Cincinnati Ohio 45202
Attn: Ms. Paula Boggs Muething
Tel: 513-621-3000
Urban Land Institute
ULI Urban Innovation Grants
The ULI Foundation Annual Fund provides funding for Urban Innovation Grants, which support ULI District Council and National Council projects that recognize or launch innovative public/private partnerships and advance the responsible use of land in building healthy, thriving communities worldwide. Specifics on this program are contained within the Appendix.
ULI, the Urban Land Institute, is a 501(c) (3) nonprofit research and education organization supported by its members.
Founded in 1936, it has a worldwide membership, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service.
A multidisciplinary real estate forum, ULI facilitates an open exchange of ideas, information, and experience among industry leaders and policy makers dedicated to creating better places.
The program awarded 30 grants in 2011 in recognition of ULI’s 75th anniversary, and the Foundation contributed $250,000 for 15 grants in 2012. In 2013, seventeen (17) grants totaling $250,000 were awarded District and National Councils through the program. Grants ranged in size from $5,000 to $25,000.
The Urban Land Institute’s Cincinnati Regional Office is located at 136 South Keowee Street, Dayton, Ohio 45402. The regional office promotes sustainable communities by engaging people in active dialogue, providing access to ULI’s global resources, and by establishing strategic relationships with regional stakeholders and leaders. The Cincinnati Regional Office can serve as a crucial link and resource for this redevelopment initiative.
Urban Land Institute:
1025 Thomas Jefferson Street, NW
Suite 500 West
Washington, DC 20007
Phone: 202-624-7000
Fax: 202-624-7140
http://www.uli.org
ULI Cincinnati:
136 South Keowee Street
Dayton, OH 45402
(937) 424-3310
http://cincinnati.uli.org
National Trust for Historic Preservation
the Watergate Office Building
2600 Virginia Avenue Suite 1000
Washington, DC 20037
Today, the National Trust has a staff of 300 employees based at headquarters in Washington, D.C., in field offices nationwide, and at historic sites in 15 states. With 750,000 members and supporters, today’s National Trust has become the organization its founders envisioned: the vigorous leader of an expansive movement that is changing the face of America.