Vicek Orthodontics to make major investment in Tiffin’s downtown

VicekVicek Orthodontics to make major investment in Tiffin’s downtown

Company to renovate vacant 6,800 sf building

TIFFIN, OHIO – October 18, 2014 Vicek Orthodontics announced today that it is moving forward with a major relocation and expansion project in downtown Tiffin. The company will be renovating the former 6,800 square foot Seneca County Commission on Aging facility located at 10 Riverside Drive in the north end of downtown. Renovations are scheduled to begin next month, and the company hopes to be open in its new space in the spring of 2015.

Vicek Orthodontics is currently located at 205 Jefferson St., and the move would represent a more than tripling of the current space. The project involves the building renovation and investment into new additional state-of-the-art equipment. Additionally, the company expects to add new staff to their existing eight employees.

Owner Dr. Robyn Vicek is excited about her company’s growth and the momentum developing in the downtown. “We are here to serve Tiffin’s residents, and I and my team are honored that they continue to trust us with their smiles and oral health. This is a great community, and I couldn’t be more pleased with what is going on downtown and for the support we have received. I’m happy to become a part of its renaissance.”

Tiffin Mayor Aaron Montz was thrilled with the news. “The downtown is beginning to hit its stride, and Dr. Vicek’s investment is another great chapter in the story. The renovation of a vacant building on the north entryway into our city center will also make a great positive impact.”

The project has made application under the City’s new Façade Enhancement Program, where the company could receive a grant up to $10,000. The City’s Architectural Board of Review will decide on the grant this coming Tuesday.

About Vicek Orthodontics

Dr. Robyn Vicek graduated from the University of Evansville in 1994, earned her DDS from Case Western Reserve University in 1997. In December 2000, she completed her Orthodontic Residency at SUNY at Buffalo. In January 2001, she took over the Drake Orthodontics and founded Vicek Orthodontics in Tiffin with the mission to provide each client a unique dental experience by guiding them in a caring, family atmosphere to achieve improved oral health, self-esteem, comma, and a beautiful smile. The company has grown to eight employees and continually invests in state-of-the-art technology and continuing education. Learn more at www.vicekorthodontics.com.

About SIEDC

Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio. In 2012, the community was ranked in the top 5 percent nationally for economic development, and last year, it was recognized as one of the top ten communities out of 600 micropolitans in the US. Learn more about the great things going on at the company’s blog at www.senecasuccess.com.

 

Taiho to hold 2nd Open House and Hiring Event

taiho-2On Monday and Tuesday of next week, the Taiho Corporation of America will hold its second open house and hiring event at its Tiffin, Ohio headquarters.

The event will take place between 1:00 and 5:00 pm on Monday, October 20 and Tuesday, October 21. Everyone in the community and potential job-seekers are invited to attend. Please be aware that the plant tour requires long pants and no open toed shoes.

Those interested in employment can talk with company representatives or send a resume to 194 Heritage Dr., Tiffin, OH.

Taiho Corporation is a $60 million company founded in 1944 that has operations worldwide, employing ca. 1,650 employees. Their first overseas plant was established in Tiffin in 1996, where they manufacture bearings, crank washers, bushings, and piston shoes for the automotive industry. Taiho in Tiffin sits on 20 acres and has two facilities – one that is 117,000 square feet and one at 70,000 sf.  Within the last couple of years, they constructed 40,000 additional square feet of space and indicated they would be adding 45 new positions. The total investment of that expansion was $13 million.

For more information, please check out their US website and their parent company website.

Webster Industries announces $8M expansion

Andrew and Lisa

Webster President & CEO Andrew Felter talking about the project with JobsOhio representative Lisa Wagner from Regional Growth Partnership.

Webster Industries announces $8M expansion

Project expects to create 65 jobs in the next three years

TIFFIN, OHIO – October 17, 2014 – Webster Industries announces today its intention to select Tiffin as its location for its next three-year, $8.3 million expansion. Tiffin beat out Meridian, Mississippi – where Webster has another manufacturing location – and northern Alabama, who has been recruiting the company for months. The decision is contingent upon the finalization of state and local incentives.

The project is expected to create 65 new jobs and retain all 294 existing employees at their Tiffin headquarters. A new 38,000 square foot expansion will be constructed onto their existing facility, the headquarters will be renovated, and an additional $4.5 million investment into new machinery and equipment will be made. The project is motivated by new global business opportunities, expected increases in targeted markets, new product offerings, and continued improvement in service through vertical integration.

President & CEO Andrew Felter attributes the decision to strong growth opportunities, a committed and experienced workforce in Tiffin, an established localized supply chain, and significant support from state and local government. “We are proud to be an employee-owned company located in Tiffin, Ohio.  Webster’s people are and will continue to be the key to our success. These reasons and the committed incentives from JobsOhio and the City of Tiffin pushed the decision over the top.”

Tiffin Mayor Aaron Montz was very pleased by the news. “Tiffin is a community on the move, and this investment continues our track record of success in economic development. We are proud Webster calls Tiffin home and appreciate their contributions to our economy.” Dean Monske, President & CEO of the Regional Growth Partnership, “We are pleased to serve as the JobsOhio regional partner and work with Webster and Tiffin to make this deal happen. Northwest Ohio is experiencing an industrial renaissance, and Webster is part of that story.”

Tiffin City Council will first be reviewing applications for the 50 percent, ten-year Enterprise Zone tax exemption and a 50 percent, five-year Municipal Income Tax Credit on Monday, October 20. The project is also expected to receive a JobsOhio Economic Development Grant and go before the Ohio Tax Credit Authority at the end of the month for a potential Ohio Job Creation Tax Credit.


 

About Webster Industries

From their beginning in 1876 in Chicago, Illinois, Webster has grown into a premier leader in industrial conveyor chain and vibrating conveyors, used in a wide variety of industries including forest products, food, automotive, cement, grain, asphalt, recycling, and steel industries.  The company employs more than 300 nationally at its Tiffin, Ohio (Established 1907), Meridian, Mississippi; and Portland, Oregon locations. Learn more at www.websterchain.com.

About SIEDC

Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio. In 2012, the community was ranked in the top 5 percent nationally for economic development, and last year, it was recognized as one of the top ten communities out of 600 micropolitans in the US. Learn more about the great things going on at the company’s blog at www.senecasuccess.com.

About JobsOhio

JobsOhio is the private economic development marketing and sales arm of the State of Ohio, developing and implementing the state’s economic development strategy and crafting incentive and support packages to spur economic development in key targeted industries. In 2013 alone, JobsOhio reported projects involving 18,000 new jobs and $3.6 billion in capital investment. Learn more at www.jobsohio.com.

About Regional Growth Partnership

Based in Toledo, Ohio, the Regional Growth Partnership (RGP) is private, nonprofit corporation designed to drive job creation and new capital investment in northwest Ohio through business attraction, retention and expansion efforts. The RGP also serves as the JobsOhio Northwest network partner, serving as the JobsOhio point of contact and customer service for state incentives for an 18-county region. Learn more at www.rgp.org.

 

Buffalo Wild Wings coming to Tiffin

LogoBuffalo Wild Wings coming to Tiffin!

Marion-based franchisee receives corporate approval for new restaurant

TIFFIN, OHIO – October 16, 2014 – The Mastro Group announced today that it is moving forward to develop a new Buffalo Wild Wings store in the city of Tiffin following the issuing of final approval late last week by Buffalo Wild Wings corporate to do so. Various site options are being considered, and the final location should be determined within the next couple of months, with construction beginning sometime in the first half of 2015.

The Tiffin Buffalo Wild Wings is expected to be the new “Stadia” model, involving a 5,500 to 6,500 square foot restaurant and bar with an “urban” look and “really, really big” TV screens. The project is expected to represent at least a $1.2 million investment, create more than 65 jobs, and add a well-known brand to Tiffin’s retail mix.

In making this announcement, Mike Mastro, President & CEO of The Mastro Group, talked about how great Tiffin is. “I love this town…so much so that my family and I are moving here by the end of the month. The great people, quality of life, and support we received from the Mayor’s office and SIEDC have been nothing short of amazing.” Louis Mastro, Executive Vice President with The Mastro Group in charge of development, was equally enthusiastic, “We fundamentally believe Tiffin is a great, growing market and that there is strong demand for the Buffalo Wild Wings experience here. It is a great business decision.”

Tiffin Mayor Aaron Montz was very pleased by the news, “We’ve been working with Mike and Buffalo Wild Wings for more than a year and a half. I couldn’t be happier that our efforts have helped move it forward. This will be a great addition for our residents and students.”

About Buffalo Wild Wings

Headquartered in Minneapolis, Minnesota, Buffalo Wild Wings is a $1.2 billion casual dining and sports bar franchise founded in 1982. The company has grown to more than 1,000 locations in every state in the country and in Canada as well as more than half a billion in assets. The company’s tag line is “Wings. Beer. Sports.” Learn more at www.buffalowildwings.com.

About The Mastro Group

The Mastro Group and affiliated companies began around 1972 with a Perkins in Marion, Ohio and has grown to become a diversified franchise and real estate company owning, managing or leasing space to Perkins, Buffalo Wild Wings, Mexican restaurants, Hometown Urgent Care, and Davita Kidney Car, among others. The company employs more than 200 employees at their locations in Marion, Findlay, and Springfield, Ohio.

About SIEDC

Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio. In 2012, the community was ranked in the top 5 percent nationally for economic development, and last year, it was recognized as one of the top ten communities out of 600 micropolitans in the US. Learn more about the great things going on at the company’s blog at www.senecasuccess.com.

Community Reinvestment Areas (CRAs) can provide significant tax breaks

tiffin-entrance

In 2004, Northwest Ohio Orthopedics & Sports Medicine (3101 W. US 224, Tiffin) received a 100%, 15-year CRA exemption on their $7.8M facility. So far, it has saved the company $440,000, and it will last until 2019. The company employs 42.

What it is – A Community Reinvestment Area (CRA) is an area of land in which local government has the authority to grant tax exemption on real property improvements. That is to say that if someone is considering renovating an existing building or doing new construction, they could be eligible to receive a tax break on the increased taxes for the “real property improvement.”

How taxes on real property work – Real estate taxes in Ohio are local. In Tiffin, for example, the true (also known as “effective”) real property tax rates for commercial and industrial property are 66.143 mills (or 6.6% or $6.61 per $100.) Only 35% of the appraised value of the property is subject to the tax, which means effectively that there is a 2.32% tax on the value of any property (land, building.) This means that if the County Auditor (the entity who determines the value of property for purposes of taxation) were to assess the value of a new building at $1,000,000, the owner who had it built would have to pay $23,000 a year in new property taxes. Over ten years, that could cost upwards of $230,000 or almost a quarter of a million dollars. (See all Seneca County property tax rates.)

What will my benefit be? – CRAs can provide exemptions up to 100 percent, up to 15 years on that new value. Some CRAs have negotiated rates and terms, similar to Enterprise Zones. This is the case with Hopewell Township and Fostoria. Some CRAs (those created before 1994) have standard exemption rates. This is the case of Tiffin’s four zones, it is as follows:

  • 15 years, 100 percent – new construction on residential, commercial, or industrial
  • 12 years, 100 percent – renovation of residential (more than 2 units), commercial, or industrial
  • 10 years, 100 percent – renovation of residential (two units or less)

Where are they? – There are six CRAs in Seneca County – Tiffin has four CRAs, there is one in Hopewell Township, and there is one in Fostoria:

  • Tiffin CRA 1 is located downtown (legislation, map)
  • Tiffin CRA 2 is located at Eagle Rock Business Park (legislation, map)
  • Tiffin CRA 3 is located in northeast Tiffin (legislation, map)
  • Tiffin CRA 4 is located in the area of Northstar Industrial Park (legislation, map)
  • Hopewell Township CRA 3 (contact)
  • Fostoria CRA 2 (in both Seneca and Hancock Counties) (contact)

How do I know if my project is eligible? – If you are considering a project (involving the creation of jobs and/or investment), we recommend going through the SIEDC Incentives Process (future post). This process will help you determine (1) if you’re project is eligible for CRA (for example, it might not be located in one) and (2) what the total package of incentives will be (for example, you might be eligible for state incentives and/or other local incentives. As with most incentives, it is important to note that “moving forward with the project” (i.e., turning dirt or making public announcements) may disqualify a project from receiving CRA.

How do I get one, if I do qualify? - There are four main steps for projects in Tiffin’s CRAs:

  • Pre-Step – Design Review [~ 3 weeks] (for Tiffin CRA 1/downtown only) – you must first obtain a “Certificate of Appropriateness” from the Architectural Board of Review (see ABR Process).
  • Step 1 – Application [~1 week] (for all four Tiffin CRAs) – Fill out application, email to SIEDC for review. SIEDC then submits to City Engineer.
  • Step 2 – Program Review [~10 days] The City Engineer reviews it (week to 10 days) and sends out a notification letter to the affected school district.
  • Step 3 – School Notification [14 days] - There is a 14-day waiting period after the letter is received by the school district.
  • Step 4 – Auditor Notification [~1 week] – After the 14 day waiting period, the Engineer forwards the application to the County Auditor for review.
  • Step 5 – Review & Certification [~1 week] – Once the Auditor reviews the application for eligibility and completeness (about a week), either (1) it is approved and a letter is sent to the applicant notifying them of that or (2) it is not, in which case the applicant is notified of any deficiencies and/or corrections that need to be made.
  • Once the letter is received, a company can move forward with their project.

How long does it take? - The CRA process typically takes 45 to 50 days. If it has to go through the ABR Process (Tiffin CRA 1), add another 3 weeks to the estimate (70 days.)