written on June 17th, 2010 | by James R. Klein
On May 27, in Jackson, Ohio, my staff and I ventured to picturesque Jackson, Ohio, located in the Appalachian foothills, to celebrate the economic development success of another fruitful partnership—Ohio Basic Minerals. Patrick McDonald, Ohio Basic Minerals CEO, and Jeff Schrader, founder of the original Schrader and Sons Sand and Gravel, spoke to the crowd [...]
Tags: Appalachia, Columbus Business First, Columbus Dispatch, Finance Fund, Finance Fund Capital Corporation, Jackson County Times-Journal, James Klein, Jobs, New Markets Tax Credit, NMTC
Posted in Appalachia, Community Development, Finance Fund Partnerships, Manufacturing, New Markets Tax Credit, Uncategorized | 2 Comments »
written on May 25th, 2010 | by James R. Klein
This week we’re seeing our mission and values come to life as we celebrate another success story. Ohio Basic Minerals (OBM), a sand and gravel company in Appalachia’s Jackson, Ohio, is holding their grand re-opening Thurs., May 27. OBM is celebrating its newly expanded and revitalized facility. The project created 35 construction jobs, retained seven [...]
Tags: economy, expansion, Finance Fund, Finance Fund Capital Corporation, Jobs, Low Income Community, New Markets Tax Credit, NMTC, OBM, Ohio Basic Minerals, Ohio Department of Development, revitalization, sand, State of Ohio
Posted in Community Development, Finance Fund Partnerships, New Markets Tax Credit | No Comments »
written on October 21st, 2009 | by James R. Klein
Driving through many neighborhoods across the state of Ohio is more like driving through ghost towns. Vacant, abandoned properties litter the once-thriving communities, reminding passers-by of the crisis facing us all and the disparity of resource allocation in our country. As the Wall Street Journal recently reported, more than 1.5 million properties received a foreclosure [...]
Tags: economic challenges, Finance Fund, Finance Fund Capital Corporation, Jobs, Low Income Community, neighborhoods, New Markets Tax Credit, Ohio Department of Development, State of Ohio, stimulus
Posted in Community Development | No Comments »
written on April 15th, 2009 | by James R. Klein
I like my chair and have had it for some time. It wasn’t a frivolous acquisition but took a good deal of forethought and decisive action to obtain. It sits in a sunny area of the back room of my home and is perfect for relaxing and reading. Though it is appropriately worn, it fits [...]
Tags: CDFI, Federal Home Loan Bank, FHLB, Finance Fund, Finance Fund Capital Corporation
Posted in CDFI | No Comments »
written on April 14th, 2009 | by James R. Klein
Every few years Finance Fund has taken an informal look at the “Low Income Community” market by soliciting input from groups of stakeholders and using the information to inform strategies, work planning, and product development. The drive is to always play to what the market needs and tailor resource offerings around that center. With the [...]
Tags: CDFI, Center for Economic Development, Center for Housing Policy Research, Cleveland State University, Community Development Finance Institution, FCAP, Finance Fund, Finance Fund Capital Corporation, Maxine Goodman Levin College of Urban Affairs, State of Ohio
Posted in CDFI | 1 Comment »