Posted on December 14, 2022
Marysville Union County Port Authority approved the 2023 budget at its regular meeting last week.
Eric Phillips, Economic Development Executive Director presented the budget to the board in a line-by-line overview which covered anticipated capital lease financing deals and net fee income from Ohio Laser, Sierra Marysville, and Vision Development, and the budget passed without a dissenting vote, as did approvals for a new bank account for the Automotive Mobility and Innovation Center operations and the sublease of the AMIC office space to EASE Logistics.
It was reported that the AMIC project is still about 1.1. million short of its goal to complete construction, but the City of Marysville recently pledged money to further the construction while Economic Development continues to work with the county and other entities for continued financial support of the project.
Also sanctioned at the meeting was the approval of the Ohio Laser project, which will eventually include a tax abatement request for the new construction. Ohio Laser representative Dan Borsky told the Board that Ohio Laser had already spoken of partnerships and internships with local schools, to include Tolles Career Center, in order to create interest in those jobs that will come with the Ohio Laser construction.
The Port Authority also learned that HB 685, which would have encouraged the installation of gas lines throughout the state, has died in the General Assembly and that steps are being taken to ease the “gas desert” that Union County is becoming.
The Marysville-Union County Port Authority is scheduled to meet again February 15 at 8 a.m. in the Economic Development Office, 227 E. 5th St.