Williams County Economic Development Corporation (WEDCO) proudly serves all of Williams County, Ohio. If you are a large corporation or a small business WEDCO is prepared to assist you with any effort you pursue. Whether you require information about our fantastic location in Northwest Ohio, utilities or demographic information, WEDCO is ready to help you find the answers you need!
Message from the Director
Thank you to everyone who was able to join WEDCO for the 2019 Annual Meeting! Awards were presented for New Business of the Year, Business of the Year, and Community of the Year. Congratulations to all award winners!
New Business of the Year – Busche Performance Group
Business of the Year – Bard Manufacturing
Community of the Year – City of Bryan
This years keynote speaker was Mike Jay, Director of Strategic Networks, with the Regional Growth Partnership. Mike joined the organization in March 2014. Prior to this, Mike served as the Economic Development Director for the City of Fremont for 22 years. He has extensive experience serving in leadership roles on many boards including a regional airport authority, chamber of commerce, downtown development, county, regional & statewide economic development organizations, a county leadership program, YMCA and Kiwanis Club of Fremont.
The Regional Growth Partnership is a private, nonprofit economic development group dedicated to fostering local, national and international business investment opportunities in Northwest Ohio and Southeast Michigan.
Housing plays an important role in the quality of life for residents, sustaining an adequate labor pool for area employers and the attraction of future employees to Williams County. The WEDCO workforce and marketing subcommittee recognized the importance of understanding the housing market in Williams County, and reached out to DiSalvo Development Advisors to complete a housing analysis.
The housing analysis completed by DiSalvo Development Advisors, DDA, will be used to communicate with developers and home builders opportunities that may exist to bring new housing to Williams County. DDA, has experience working with municipalities and non-profit organizations in other markets in Ohio with proven success in attracting housing developers to communities and/or providing supportive documentation for new development.
Download the Williams County Housing Opportunities Assessment:
Understanding Opportunity Zones & HUBZones
WEDCO hosted the “Understanding Opportunity Zone and HUBZones” event with special guests from Montrose Development Advisors and the U.S. Small Business Administration on Wednesday, November 7, 2018.
What is an Opportunity Zone?
The Tax Cuts and Jobs Act created Opportunity Zones to spur investment in distressed communities throughout the country. New investments in Opportunity Zones can receive preferential tax treatment. Qualified Opportunity Zones retain this designation for 10 years. Investors can defer tax on any prior gains until no later than December 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund, an investment vehicle organized to make investments in Qualified Opportunity Zones. In addition, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold. Click here to read the full press release from the U.S. Department of the Treasury
What is a HUBZone?
Historically Undertilized Business Zones receive preferential consideration for government contracts. HUBZone-certified businesses also get a 10 percent price evaluation preference in full and open contract competitions. HUBZone-certified businesses can still compete for contract awards under other socio-economic programs they qualify for.
WEDCO BOARD MEETINGS
Williams County Community Offices, Conference Room A&B
1425 East High Street, Bryan, Ohio 43506
3/20/19, 7:30AM Networking 8:00AM-10:00AM The Advanced Manufacturing Consortium and Custom Training Solutions Workforce Initiatives Update 2019 at Northwest State Community College, 22600 St Rt 34, Archbold, Ohio 43502 in the George V. Voinovich Auditorium (West Entrance of Building)
3/29/19, 9:00AM-11:00AM TIRC Meetings
4/9/19, 10:30AM – 2:00PM Northwest State Community College Job Fair
4/16/19 @ 2:30PM – 4:00PM Workforce & Marketing Subcommittee Meeting – Conference Room A&B
4/23/19 @ 8:00AM WEDCO Board Meeting – Conference Room A&B
FEATURED AVAILABLE SITE: 2 Kexon Drive, Pioneer OH 43554
Building: 157,550 SF/Divisible
Sale Price: $5,545,000
Lease Rate: $3.50 /sf
Pioneer is a public power town with robust, dependable, but very economical utility rates, low 1% income tax, very business friendly.
Use since inception has been the manufacture of tailor welded blanks for the automotive industry.
FEATURED MARCH MEMBER: Busche Performance Group
Busche is one of the largest vertically integrated casting and machining suppliers of high quality components in North America. In 2017, Busche purchased the former DMI building in Edon after it had sat vacant for several years, making a $17.5 million investment and committing to creating 125 jobs. Busche also received a $900,000 grant from JobsOhio, facilitated by WEDCO and the Regional Growth Partnership. The Edon facility is the 16th facility, and the first in Ohio.