• Portage Development Board: Economic Development Update

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    Geis Properties Ravenna site, photo: LG Chem America

    January 13, 2023

    Dear Friend,
    We're really excited about the news we have to share this January! Read on to learn about a featured site project completed at TenPoint Crossbow Technology in 2014.
    While it's been a strong start to this year, we are working with our partners on 33 projects throughout the county. The year ahead promises to bring projects and progress to Portage County. Find all the new commercial developments happening in Portage County here.

    Featured Success at PDB

    TenPoint Crossbow Technology - Stay
    The PDB’s first task was to set up a Community Reinvestment Area in Suffield Township to assist TenPoint with a property tax abatement for its proposed expansion. During this time PDB introduced the company to OhioMeansJobs Portage County which followed up with workforce assistance. As the project was developing, two potentially deal killing issues came to light. The first issue was a concern that the process for ruling on wetlands from the Ohio EPA would be slowed down and the company could not build in time to meet its schedule for sales. The second issue involved a ruling that TenPoint owed back state unemployment compensation taxes as a result of buying the fixed assets of a competitor that had closed down. PDB asked the Governor’s office to look into these issues who in turn, was able to resolve these issues to the satisfaction of TenPoint.
    With the concerns resolved TenPoint went forward to apply for the CRA property tax abatement, which was awarded on May 1, 2014. The project has since been completed.


    12 Wins Portage County for 2022
    This December, the Portage Development Board celebrated 12 economic development projects this year in Portage County! December 12 - 23rd, PDB highlighted company projects that located, stayed, and grew in the community. #12DaysofPBD
    Interns Help Expand Sales of International Markets
    The Ohio Export Internship Program matches businesses interested in growing exports with highly motivated college students who have taken export-focused coursework. The Ohio Department of Development offers participating small to medium-sized businesses a 50 percent reimbursement for the wages of the intern.
    The internships have a track record of helping businesses achieve export success: 411 students have interned at Ohio companies, resulting in 136 internship extensions, 69 new job positions, and 400 new international markets, distributors, or customers.
    The university partners are:
    For more information, click here.
    Next TechCred Application Period Now Open!
    The next TechCred application period opens Tuesday, January 3rd and closes Tuesday, January 31st at 3 p.m. Businesses with employees who have completed their TechCred training should submit proof of credential completion to receive reimbursement at TechCred.Ohio.gov.
    Starting with the January round, the following updates have been implemented to provide additional flexibility for businesses:
    • Grant agreements will no longer be separate documents; they will be incorporated into the online application portal.
    • Training for approved credentials may start on or after the first day of the month immediately following the last application period. Training programs must still be completed in less than 12 months from the award date.
    For more information, click here.
    SBA Basics Webinar: Overview and Programs from SBA's Northern Ohio Office
    Please join us for this webinar if you are an entrepreneur or business owner and would like a survey of the SBA programs and resources available to help your business Start, Expand, Grow, and Recover! We’ll be talking about loan programs, technical assistance opportunities and more. This program is free and open to the public.
    Wednesday, January 18, 2023
    11a.m.–12p.m. EST
    For more information, click here.
    UH Portage Medical Center Heart Health Screenings
    February is Heart Health Awareness Month and University Hospitals Portage Medical Center is hosting a free Heart Health Screening event Tuesday February 14th, 8 a.m. - 12 p.m. Come and learn from the experts at UH Harrington Heart & Vascular Institute and receive free health screenings. Activities and screenings include:
    • Total Cholesterol
    • Blood Pressure
    • Body Mass Index
    • Nutrition Education
    • Pre-diabetes
    • Stroke Risk Assessment
    • Heart Health Education Table
    This event is FREE, but space is limited.
    To register, call 330-297-2576 by Friday, February 10.
    For more information, click here.
    Husted Announces November TechCred Results
    Ohio Lt. Governor Jon Husted, who serves as Director of the Governor’s Office of Workforce Transformation, today announced the results of November’s round of TechCred, in which 349 employers were approved for funding, providing the opportunity for Ohioans to earn 4,466 tech-focused credentials. This most recent round marks the 17th application period of the program with manufacturing topping the list of industries applying for tech-infused credentials.
    "TechCred continues to grow and become a powerful tool for Ohio businesses and our workforce,’ said Lt. Governor Jon Husted. “The numbers speak volumes about how TechCred is succeeding in growing our workforce and upskilling Ohioans in today’s tech-infused economy.”
    With the approvals announced today, a total of 2,173 Ohio employers have been approved for funding through the TechCred program, supporting the earning of 57,233 tech-focused credentials by employees.
    This program helps businesses address their workforce needs by upskilling current and prospective employees. Businesses of all sizes, from any industry, are eligible for up to $30,000 per round and up to $180,000 per year.
    2023 Application Periods for TechCred:
    January 3 – 31, 2023 
    March 1-31, 2023
    May 1-31, 2023
    July 3-31, 2023
    September 1-29, 2023
    November 1-30, 2023
    As a reminder, the current application period for businesses opened January 3, 2023, and will close January 31, 2023, at 3:00 PM. Apply now at TechCred.Ohio.Gov.
    “2022 was a banner year for the TechCred program with hundreds of employers and thousands of employees participating,” said Lydia Mihalik, director of the Ohio Department of Development. “With six application periods coming up in 2023, we will continue to boost the skill level of Ohio’s workforce and help businesses grow.”
    “The TechCred numbers speak for themselves,” said Ohio Department of Higher Education Chancellor Randy Gardner. “Ohio’s economy and workforce continue to be strengthened by the thousands of tech-focused credentials earned by employees through this successful program.”
    Individuals and training providers interested in learning more about the program can visit: TechCred.Ohio.Gov.

    Available Property in Portage County

    Ravenna Site 003 - Chestnut Commerce Center
    Rail - Chestnut Rail, LLC constructed a brand new spur and transloading facility which would be available for your inbound and outbound needs. A loading rail could be brought right up to the back of your new building. Rates to this area are quite economical. The Local Serving Railroad is The Akron Barberton Cluster RailwayThey interchange with the CSX, NS, and WLE. Thru the WLE there is also access to the CN.
    Site Specific Advantages:
       Shovel Ready - The majority of the site preparation has already been completed.
              - Utilities are available to the site. 
             - A detention pond for storm water components is complete to service the entire industrial park.
             - The site has received the blessing of the Ohio EPA and is VAP approved. It is a clean site. 
    Rail Ready 
              - Transloading Yard is complete. 
        Electrical Substation 
             - The property already has an electric service substation capable of serving significant power requirements. The substation can also be packaged in the project to transfer ownership if helpful. This would be a potentially significant cost savings now and well into the future.
       Fire Pump House Capacity  
             - The property is served by a newly upgraded fire pump house allowing for quick and economical tie-in.
    Contact Diana Fierle if interested

    Geis 750K SF in Streetsboro

    Almost 62 acres zoned industrial on State Route 43. Visible from Ohio Turnpike. 2.5 miles to Interstate 480 and the Ohio Turnpike (I-80). Site can accommodate up to a 750,000 SF building with 140 docks, 265 tractor trailer spaces, 100 box truck spaces and 200 car spaces with current configurations. The site can be subdivided into smaller options, this is just designed to inform users of possibilities. Site is owned by the Geis Company, Northeast Ohio's premier industrial development company. 
    Contact Patrick O'Malia if interested

    Turnpike Commerce Center - State Route 44 and Ohio Turnpike 80

    This site is located right off Exit 193 from the I-80 Ohio Turnpike, and is adjacent to State Route 44. This 470-acre former farm boasts easy access to markets being within a day's drive to 60% of the country. There is an existing utility easement that runs along the gravel road and bisects the site.
    Contact Patrick O'Malia if interested

    Are you Hiring?

    Portage is Hiring (PIH) is a free job-board, available to all Portage County employers!
    The PIH website was created as part of the Portage Development Boards workforce attraction initiative. More information on PIH can be found below:
    Post a Job
    Connect With Us:
    Facebook Linkedin  
    The Portage Development Board (PDB) is a 501 (C)(3) private non-profit which consists of a Board of Directors (up to 37 members) and a 12-member Executive Committee. Our responsibilities include providing assistance to industrial realtors, builders, local industries and local communities in an effort to maintain and improve the economic base in Portage County.
    The Portage Development Board will create and retain jobs by coordinating economic development activities that encourage retention, expansion and attraction of businesses; assisting business and educational institutions in cultivating a qualified workforce; and sustaining mutually beneficial relationships with private and public sector collaborators that influence the quality of life and business.
    Lydia Pope
    lpope@portagedevbd.org, (330) 297-3470
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