OAQDA Update on the COVID-19 Emergency
Notice on Project Type
As we approach the New Year, I am taking this opportunity to reflect on the growth and success of the Ohio Air Quality Development Authority during 2019. And, we’ve had quite the year!
Take, for example, our key programs to incentivize investments through our air quality revenue bonds for cleaner technologies and practices, which improves air quality in Ohio. In 2019, nearly $500 million in bond proceeds were provided for a greater number of projects than the Authority has done in recent years. In fact, this year we doubled our performance over the previous five-year period.
Our work benefits companies of all sizes and locations throughout the state. We’ve maximized our grant assistance to serve a greater number of small businesses, which also leveraged our bond financing along with our support as Ohio’s small business ombudsman to assist them in complying with federal regulations, such as the Clean Air Act. During the year, I enjoyed my visits with Eric Warren of Henry’s Dry Cleaners in Cleveland and DeLee Powell of Baker’s Collision Repair in Mansfield. These leaders are just two examples of many family-owned businesses that illustrate the essence of our local communities.
On the other end of the spectrum, many global companies benefit from our programs to sustain or grow their business in Ohio by enhancing productivity and creating jobs by using environmental practices, energy efficiency and sustainability. For example, AMG Vanadium is expanding into a new recycling facility near Zanesville, and several companies are investing in retrofitting their office buildings and facilities with energy-saving improvements as a result of the Authority’s financial assistance.
Before pivoting into next year as we plan our continued growth, I wanted to express our sincere gratitude for your interest and engagement in our work during 2019. There are so many wonderful stories in our portfolio, featuring business and community leaders who are collaborating on the mutually inclusive goals of economic prosperity and environmentally sustainability. I’m excited to increase our efforts to help even more in 2020.
Best wishes for a healthy and prosperous New Year!