Clark County economic development agency approves $782K budget
Thursday, February 22, 2018
Board members for the Community Improvement Corp. of Clark County reviewed goals from the past five years and approved the agency’s 2018 budget.
The CIC promotes economic development in Clark County and is connected to the Chamber of Greater Springfield. The approved the agency’s 2018 budget at more than $782,900, about 10 percent higher than last year. It expects some additional revenue this year from leasing farmland at local business parks like PrimeOhio II and Next Edge Research and Technology Park, said Horton Hobbs, the chamber’s vice president for economic development.
Board members for the Community Improvement Corp. of Clark County reviewed goals from the past five years and approved the agency’s 2018 budget last week.
The CIC promotes economic development in Clark County and is connected to the Chamber of Greater Springfield. The approved the agency’s 2018 budget at more than $782,900, about 10 percent higher than last year. It expects some additional revenue this year from leasing farmland at local business parks like PrimeOhio II and Next Edge Research and Technology Park, said Horton Hobbs, the chamber’s vice president for economic development.
Board members also cited the completion of several long-term goals over the past five years. That included the formation of a nonprofit dedicated to spurring investment in downtown Springfield and providing assistance to local companies like Navistar, Pentaflex and Yamada that have seen job growth over that time.
“We have accomplished an incredible amount given the resources we are devoting to economic development specifically,” Hobbs said.
Hobbs said the CIC, and entities like the city of Springfield and Clark County have worked together to secure more than 20 economic development projects over the past five years, split relatively evenly between Clark County and Springfield’s city limits.
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