One of Miami Twp.’s tax sharing districts is considering awarding funds for the first time to a business member as part of an economic assistance program.
The Miami Crossing Joint Economic Development District — which includes Miamisburg — has budgeted $20,000 for the program in its inaugural year.
The owners of The Village at 725 on Miamisburg-Centerville Road are “requesting assistance to help modify their building to accommodate their new tenant as well as a new tenant space,” said Miami Twp. Deputy Community Development Director Kyle Hinkelman, a Miami Crossing JEDD board member.
“It’s hard to say exactly what the (amount requested) is because they’ve asked for a number of different things,” he added.
The application is set to be discussed at next meeting of the JEDD board, which meets quarterly.
The township has two other JEDDS – Austin Center (Miamisburg and Springboro) and Dayton – and both have initiated similar aid programs.
The Austin Center JEDD – which includes Austin Landing - started its program last year and budgeted $50,000, but received no applications, said Miamisburg Finance Director Jennifer Johns, that board’s treasurer.
This year, she said, $100,000 has been allocated for Austin Center businesses but has not reviewed any applications so far, she said.
All of the JEDDs levy income taxes ranging between 1.75 and 2.25 percent on member businesses within their borders.
The goal of the program is for the JEDDs’ boards to reinvest in the businesses that generate its revenue, Hinkelman said.
So that “funds that go into the JEDD….go back into those businesses to help either retain those jobs or create new jobs, help them to enhance their sites, to manage some growth that they may be seeing,” Hinkelman said.
“That could be a whole line item of different things,” he added. “It could mean something to everyone a little differently….It really allows some flexibility for JEDD members.”
The guidelines the Miami Crossing JEDD board uses to evaluate applications, Hinkelman said, includes how the requests will:
•Impact job creation or retention;
•Help establish the district’s image or promote a specific venue;
•Help provide private funding matches to pedestrian or accessibility issues;
•Generally promote the goals of the master plan for the Dayton Mall area, the forerunner of the Miami Crossing District.
Austin Center and Dayton boards have similar guidelines for those JEDDS.
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.