April 2016 Economic Development Newsletter
Gertz Garden Center to Expand in Lockland
HCDC’s Economic Development Department has a contract with the Village of Lockland to aid the community with business retention and expansion. One recent success story is that of Gertz Garden Center. Originally nestled between the buildings of the historic former office complex of Stearns and Foster mattress company, Gertz recently closed on the purchase of its neighbor buildings with plans to include food, drinks and event space.
“Giving us a uniquely urban setting, our massive brick buildings have the charm and detail that cannot be found in today’s buildings, and the patina look on our steel-framed market buildings is not a mock reproduction. Stearns and Foster made sure everything from their buildings to their products were top quality. We strive to carry on that tradition of quality that they began here in Lockland so many years ago. Today, instead of mattresses, you will find quality plants, unique yard art, and sometimes even farm fresh produce. We carry quality products and hope our company can have an everlasting impact on the community in the same way George Stearns and Seth Foster did,” says owner Cory Gertz. For more information, visit www.gertzgardencenter.com.
HCDC has been providing small business assistance to Pleasant Ridge businesses for the past year through funding support from Duke Energy. Assistance includes business retention and expansion efforts, education, and outreach for the business groups, as well as business coaching and mentoring.
As a recipient of coaching assistance, The Coffee Exchange of Pleasant Ridge had this to say: “The business coaching came at the perfect time when we had to renegotiate our lease with a new landlord. HCDC Business Coach Bob Pickford helped us map out contingency plans. While we successfully renegotiated our lease, mapping out contingencies led to a new partnership for future growth. I would absolutely recommend business coaching assistance,” Joe Peters, Owner, The Coffee Exchange of Pleasant Ridge.
HCDC Helps Gold Medal Products Expand with New Enterprise Zone Agreement
Gold Medal Products recently worked with HCDC’s Economic Development Department to obtain a new Enterprise Zone Agreement to expand its 425,000-sq ft Evendale headquarters. Gold Medal Products manufactures and distributes popcorn, cotton candy, Sno-Kone®, and hot dog machines, among others, for the confectionary consumer business.
This 2016 expansion (the sixth Cincinnati headquarter expansion since the company’s 1931 beginning) includes 45,000 sq ft of new production and warehouse space and will include the addition of a second shift to the Food Division to meet international demand for its products.
The Hamilton County Enterprise Zone Program is an economic development tool that provides real property tax exemptions to businesses making investments in Hamilton County. Enterprise Zones are designated areas of land in which businesses can receive tax incentives in the form of tax exemptions on eligible new investment. The Enterprise Zone Program can provide tax exemptions for a portion of the value of new real property investment when the investment is made in conjunction with a project that includes job creation or retention. Existing land values and existing building values are not eligible (except in rare circumstances).
About HCDC Economic Development
HCDC strengthens communities by retaining, expanding, and attracting businesses to Hamilton County, Ohio. Through coordination of resources, financing, and incentives, we provide expert technical assistance to those seeking to invest or grow in the area. For more information, visit hcdc.com/development, call 513-631-8292 or email firstname.lastname@example.org.