PROVEN ECONOMIC RESULTS IN ALL CORNERS OF STARK COUNTY

SDB works at the local, state and national level to promote economic development. Here are some of our more visible efforts in the past few years.

TimkenSteel Corporation

  • Faircrest Steel Plant
  • World’s Largest Jumbo Bloom Vertical Caster
  • Capital investment - $260,000,000

Alliance Goodwill Store

  • Cooperative agreement between the Stark County Port Authority and the Lake County Ohio Port and Economic Development Authority
  • SCPA/LCOPEDA Bond Issue - $5,250,000
  • Bond Structure - Bank-Qualified Tax-Exempt Revenue Bonds

Mercy/Signet Medical Office Building

  • Jackson Township
  • Capital Budget - $14,250,000
  • Project Bonds - $10,250,000 of Non-Recourse Tax Exempt Recovery Zone Facility Bonds
  • Borrower - Signet Healthcare Jackson, LLC/ Signet Development, Ltd.
  • Lessee - Mercy Medical Center
  • Bond/Debt Term - 20 Years

TimkenSteel Corporation

  • Perry Township
  • Heat Treat Facility
  • Capital Investment - $40,000,000

Pro Football Hall of Fame Future 50 Project

  • Capital Budget - $27,000,000
  • SCPA Bond Issue - $10,000,000
  • Bond Structure - Bank Qualified Tax Exempt Revenue Bonds purchased by Huntington Bank
  • Term - 20-Year Structured Debt

Heinz Frozen Food

  • Massillon
  • Plant expansion
  • Capital Investment - $28,000,000

Eric Snow Family YMCA

  • Downtown Canton
  • Capital Budget - $5,200,000
  • SCPA Bond Issue - $3,000,000
  • Bond Structure - Qualified Tax Exempt Obligations Purchased by FirstMerit Bank
  • Term - 10 Years

Stark State/Timken Technology and Test Center

  • Jackson Township
  • Capital Budget - $14,000,000
  • Ohio Third Frontier Grant - $2,100,000
  • Ohio Air Quality Development Authority’s Advanced Energy Jobs Stimulus Program - $1,500,000 “Forgivable” Loan