2019 Annual Report: Investing In Our Environment, Building A Stronger Ohio
OAQDA Update on the COVID-19 Emergency
Notice on Project Type
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Since 2000, the strong partnership that the Authority has with communities in northeast Ohio has resulted in more than $614 million in bond financing for the region as it strives to preserve the quality of the air. Projects approved for financing include a broad range of public and private business and government projects of all sizes. Highlights from 2019 include:
A new 163-unit student housing project in the University Circle area of downtown Cleveland. This project serves the Case Western Reserve University (CWRU) community and will utilize $4 million in Authority financing for equipment that will preserve air quality. Signet AH Housing will develop, finance, own and manage the 143,000-square-foot student housing and street front retail building. The company will lease the 2.68 acres of land for the building from the New Village Corp. Signet’s initial payment and subsequent lease payments will provide additional funds to create a neighborhood land trust. The project is expected to create up to 10 new jobs.
“I was aware of OAQDA given my experience with Ohio financing programs and was reminded that we could finance PACE related expenditures through OAQDA. The ability to realize sales tax savings was the primary reason for applying for OAQDA financing.”
– David Fumi, Managing Director, Signet Financing, LLC
Baker’s Collision Repair Specialists, a third-generation, family owned auto body shop located in Richland County. This project will add three new jobs to its current staff of 37 as a result of increased productivity generated by new clean air equipment. The 66-year-old business, located in Mansfield, used $120,000 of approved financing and $37,148 of grant funds from the Authority to purchase a new paint booth to protect the environment and assist the business by increasing its production capacity to serve the community.
“Working with the Ohio Air Quality Development Authority was an extremely positive experience for Baker’s. The application process was clear and questions were answered quickly. This grant allowed us to purchase a booth that would substantially reduce the amount of VOC’s that are being emitted and filtered. This new booth has allowed us to hire additional team members and increase our production and therefore also our annual revenue.”
– DeLee Powell, Owner, Baker’s Collision Repair Specialists
A family-owned dry-cleaning business which has served Cleveland for 50 years. The project was approved for $47,134 in financing and $19,636 in grant funds. Henry’s Cleaners purchased and installed equipment that features a new cleaning system that uses biodegradable solvents and eliminates the use of perchloroethylene (PERC), which is considered a hazardous chemical. The business was originally established in 1969 by Henry Bufford, the grandfather of the current owner, Eric Warren. It has operated at the same Kinsman Road location for five decades. With the Authority’s help, Henry’s Cleaners will preserve and protect the environment for customers and employees.
“The process was easy as could be. The grant has allowed me to save on utility bills and help prevent putting toxic emissions in the air.”
– Eric Warren, Owner, Henry’s Cleaners