Funding for the renovation of the Cambridge Potter-Davis constructing can be paid in full
A supply of funding for an almost $ 5 million renovation venture of the Potter-Davis constructing in downtown Cambridge can be paid in full this 12 months after receipt of historic federal and state tax credit.
The information was delivered by Norm Blanchard, director of the Cambridge-Guernsey County Group Enchancment Company, at a joint assembly Friday on the Guernsey County Administrative Constructing.
“Though the renovations are full and the Regional Getting old Company for Area 9 has been there for over a 12 months, funding for the venture has not ended,” Blanchard mentioned. “However it will likely be this 12 months.”
Blanchard mentioned the tax credit will repay a mortgage stability of $ 1.2 million at Wesbanco.
“The state credit score of $ 713,900 has already been authorised and the federal credit score can be authorised as soon as the return is filed,” Blanchard mentioned. “It’s going to occur this month.”
Federal credit score can be paid on to Wesbanco to repay the mortgage.
“This constructing was vacant and deteriorating because the Regional Company on Getting old was unfold throughout three websites and seemed to consolidate,” Blanchard mentioned of the 710 Wheeling Ave renovation venture. “They have been planning to ultimately construct a brand new constructing as one. counties they serve they usually might have left Guernsey County.
“We labored with them to maintain the company right here, and it was price it.”
AAA9 moved into the Potter-Davis constructing on July 1, 2019.
In different enterprise on the joint assembly which included periods for the Guernsey County Planning Fee and the State Hospital Consortium Council, Blanchard mentioned enlargement plans on the Colgate-Palmolive plant. on Guernsey’s industrial boulevard south of Cambridge.
Final 12 months, Colgate-Palmolive invested $ 1.2 million in equipment and tools to develop its manufacturing of hand cleaning soap amid the COVID-19 pandemic. The expanded line is claimed to have created 25 new jobs and Blanchard mentioned these staff have been educated on the Willet-Pratt coaching middle on Brick Church Highway close to the manufacturing facility.
The corporate has additionally bought land for an enlargement venture, though particulars have but to be launched.
“They simply aren’t able to reveal what they’re doing proper now, however that is a superb factor,” Blanchard mentioned.
CIC and native authorities companies proceed to assist the corporate keep the plant in Guernsey County.
A grant of $ 342,600 was obtained by the Township of Cambridge for the modernization of Desmond Drive and Guernsey Industrial Boulevard to enhance entry to the plant. Colgate-Palmolive is one among Guernsey County’s largest employers with over 300 full-time staff.
CIC is working with JobsOhio on a sequence known as Storyville to advertise Cambridge and the County of Guernsey for different enterprise enlargement initiatives, together with these positioned in bigger city markets.
JobsOhio has requested the CIC to supply volunteers prepared to talk on behalf of the county. Colgate-Palmolive plant supervisor Rick Davis and small enterprise leaders are invited to speak about the advantages of rural county and the way they’re handled domestically.
“This space is price when it comes to enlargement,” Blanchard mentioned.
The CIC director additionally spoke to the board members concerning the retention of native companies and enlargement visits.
“The visits intention to find out the wants of companies and the issues they’re dealing with,” Blanchard mentioned. “We additionally wish to assist them with their workforce.”
To do that, CIC works in partnership with native faculties and asks profession path specialists to go to firms to find out particular wants. Profession path specialists then relay the knowledge to high school counselors to higher tailor coaching alternatives.
“That method, faculties can prepare college students and children know what’s out there right here,” Blanchard mentioned. “We do not wish to simply sit again and watch for issues to occur. We wish to transfer them ahead. “
Blanchard additionally referred to a surge of enterprise exercise in Byesville, the place a half-dozen or extra companies have began or expanded.
Blanchard recommended Ron Gombeda and the Guernsey County Group Improvement Company for buying buildings to assist enterprise house owners with their start-up or enlargement plans. He additionally praised Byesville Mayor Jay Jackson for serving to enterprise house owners obtain low price upgrades by means of Challenge Phoenix.
“There was loads of exercise there in Byesville,” Blanchard mentioned.
The Ohio Small Enterprise Improvement Facilities and Guernsey County Port Authority even have applications to assist potential small enterprise house owners begin or develop a enterprise.
The Port Authority can supply loans of as much as $ 25,000, by means of the US Division of Agriculture, with rates of interest 1% under prime.
“Some folks have a dream and we wish to try to assist them make it come true,” Blanchard mentioned. “We now have made a number of loans and it’s working properly.”
In the course of the State Hospital consortium board assembly, Blanchard mentioned the potential growth of roughly 43 acres on the grounds of the previous Cambridge State Hospital on Previous 21 Highway north of town .
The state of Ohio initially donated roughly 80 acres to the council. Among the land has been landscaped together with the present location of Autumn Healthcare and the board want to see extra land used.
“We wish to see housing growth, which we badly want, if not restricted,” Blanchard mentioned. “We now have lots of people working right here (in Guernsey County) who go away after work to go residence elsewhere. We wish to preserve these folks right here within the county. “
In the meantime, the Planning Commissioner mentioned how greatest to maneuver ahead with the county’s strategic plan, which is up to date each two years, and presumably ask the Affiliation of Governments Ohio Center East to construct a superb, viable strategic plan that the county can implement.
Blanchard mentioned the strategic plan is usually a requirement when making use of for grants.
“They wish to know if the necessity for the grant is a part of the strategic plan,” Blanchard mentioned.
Lastly, Blanchard introduced a recap of the continued actions at CIC and the assorted teams that function exterior the workplace.
The CIC Board of Administrators will meet on April 9 because of the date of the common assembly of the primary Friday falling on Good Friday. A visitor speaker can be Curtis Wilkerson of Gemma Energy Programs who will replace the Guernsey County Energy Plant Board of Administrators.