LAND + BUILDINGS

The BDC holds options to purchase real estate for future economic development. These holdings allow our community to provide certainty to prospective businesses regarding start-up costs.

Also, these options allow our leaders to plan for expansion, whether pre-annexation measures or planning for the required utilities for such sites.

OPPORTUNITY FUND

The BDC provides low or no-interest financing to new or expanding businesses.  Recently, financing the re-location of the manufacturing of the former Kelly Manufacturing to Van Wert.

Kelly formerly manufactured a respected line of metal scoop attachments for a heavy-duty equipment line of backhoes.  

ECONOMIC DEVELOPMENT

Economic development is a team sport. In addition to providing loans + land options, the BDC partners with local economic development entities.

Recently, achieving a food + beverage certification for Van Wert Vision Industrial Park and funding a full-time Workforce Development Manager focusing solely on Van Wert County businesses.

 

 

β€œThe BDC offered financing at a low interest rate, and individual members from the BDC were a great help by being a support system, helping me open the doors of The Edition to the community as soon as possible.” β€‹

β€” Jim Collins, Owner, The Edition