Earlier this week, Governor Mike DeWine signed HB16 to grant residency status for college tuition to active duty military service members and their spouses and dependents. This legislation requires the Chancellor of Higher Education to grant residency status to any military service members on active duty, as well as their spouses and dependents, to qualify for in-state tuition at state institutions of higher education.
By Tim Schneider, Toledo Regional Chamber of Commerce At its regular meeting on June 16 at 4:00 p.m., Toledo City Council is expected to vote on ordinances that would advance the Colony development planned by ProMedica and Continental Real Estate Co. which would include two apartment buildings, a hotel and a mixed-use structure near ProMedica Toledo Hospital. Ordinance 188-20 would approve an agreement authorizing the city to spend $1,899,840 on storm sewer and water line improvements at the site, with the developer being responsible for $700,000 of related costs. Ordinances 189-20 and 190-20 would approve 15-year, 100 percent Community Reinvestment Area property tax incentives for the increase in taxable value on the parcels. Total investment for the development is estimated to be $50 million. The property owner would be required to make payments in lieu of property taxes to Toledo Public Schools for the term of the incentives.
As we enter the month of June, we'd like to look back on and celebrate our new Toledo Regional Chamber of Commerce members. Join us in recognizing our new members for the month of May:
Had you visited Put-in-Bay in 1905, you would have seen the beginnings of Miller Ferries to Put-in-Bay & Middle Bass Island. It’s now the biggest ferry service on Lake Erie, but it didn’t start that way. Back in the early 1900s, Miller Ferry began as a fishing charter and water taxi business in the summer, and an ice harvesting business in the winter.
By Tim Schneider, Toledo Regional Chamber of Commerce At its regular meeting on June 2 at 4:00 p.m., Toledo City Council is expected to vote on two ordinances that would accept and spend funding from the U.S. Department of Housing and Urban Development (HUD) under the federal CARES Act for COVID-19 related expenses. Ordinance 195-20 would approve $4,453,360 in Community Development Block Grant funding and Ordinance 196-20 would approve $2,249,248 in Emergency Solutions Grant funding. Planned allocations under the ordinances include $1,250,000 for the city’s already implemented micro-enterprise grant program and $2,000,000 for its recently announced emergency rental assistance program. Council is expected to give first reading to a third measure, Ordinance 193-20, which would create a specific fund to accept and spend expected funding to the city for purposes prescribed in the CARES Act.
In light of the approaching July 31 payment deadline in Lucas County for second-half property taxes, and the economic consequences of COVID-19, Lucas County Treasurer Lindsay Webb is notifying those facing late payment of available resources to avoid penalties and interest. While property owners are always encouraged to pay what they can, Treasurer Webb has taken steps to ensure businesses and others in particular need of assistance are able to seek relief through the tools offered through her office.
By Tim Schneider, Toledo Regional Chamber of Commerce At its meeting on May 20 at 5:00 p.m., Toledo City Council is expected to vote on three ordinances giving approval for a proposed development in the former Colony neighborhood near ProMedica Toledo Hospital. Ordinances 182-20 and 183-20 would approve zoning changes, and Ordinance 184-20 would approve a planned unit development. ProMedica and Continental Real Estate Co. have plans for a $56.6 million project at the site that will include two apartment buildings with 262 total units, a hotel with 120 rooms, and a mixed-use structure with retail and a restaurant. The proposals were recently approved by the Toledo Plan Commission. City Council’s Zoning & Planning Committee did not offer a recommendation on the proposals. A simple majority of Council is needed to approve the plans.
By Sabrina D'Onofrio, CGBP, CBA, Export Assistance Director More than 95 percent of the world’s population and two-thirds of the global purchasing power lies outside of America’s borders, yet less than 1 percent of the 30 million businesses in the United States export. Ohio is the ninth-largest exporting state in the United States, consistently ranking as one of the top 10 exporting states in the nation. This is something that, as the Director of the Export Assistance Network, I am very proud of and hope to continue to see Ohio stay within that top 10.
On May 3, the U.S. Small Business Administration (SBA) created the Paycheck Protection Program Frequently Asked Questions document. This document contains more than 40 questions that business leaders may have regarding the PPP, Coronavirus Aid, Relief, and Economic Security (CARES) Act, and more. The Toledo Small Business Development Center has laid out five questions you shouldn't miss from this document, and has created a spreadsheet, titled PPP Forgiveness Determination, to help you calculate the amount of money that can be forgiven by the PPP.
By Tim Schneider, Toledo Regional Chamber of Commerce At its regular meeting on Tuesday, May 5 at 4:00 p.m., Toledo City Council is expected to vote on Ordinance 159-20 which would approve a Community Reinvestment Area property tax exemption for Olympic Real Estate Group, LLC for remodeling of a building at 5355 Southwyck Boulevard for a new accounting office. The exemption would be 100 percent for 12 years for taxes that would otherwise be generated due to the increase in the assessed valuation. The estimated investment cost of the project is $519,582. The city sold the property to the company in 2018 which redeveloped it in order to consolidate operations for its sister businesses Financial Express and Payroll Express LLC. Toledo Public Schools has agreed to a compensation agreement in lieu of expected tax revenue.
|
Archives
July 2024
Categories
All
|