September 2 , 2021 The Beacon • 11
Funding received for Coshocton Collaborative project
A downtown Coshocton revitalization project designed to foster small business growth took one step closer to reality last week .
The Coshocton Port Authority received an offer letter for a Vibrancy Fund grant from JobsOhio for the Coshocton Collaborative , a co-working business incubator facility planned for downtown . The grant is contingent upon receiving a federal Economic Development Administration grant in support of the project .
JobsOhio , the state ’ s private economic-development corporation , announced four Ohio cities including Coshocton will receive assistance through the Vibrant Community Grant . The first round of funding for the four communities totaled $ 4 million .
“ Across our state , many cities require investment to
further advance key economic-development projects that can serve as a catalyst in their post-pandemic recovery . Through this first round , the cities of Van Wert , Sandusky , Coshocton and Painesville will realize this goal , serving as an example of how public-private partnerships can spur job creation and revitalization of our beloved downtowns ,” JobsOhio President and CEO J . P . Nauseef said . “ The JobsOhio Vibrant Community Grant program is designed to identify and target funding to important , transformative projects in traditionally distressed areas that will continue the upward trajectory of Ohio ’ s economic future .”
The project is the result of partnerships and a shared vision for progress .
“ The Coshocton Port Authority is excited to bring the Coshocton Collaborative to the heart of Main Street ,” said Tiffany Swigert , executive director of the port authority . “ What has previously been used to describe the way in which Coshocton approaches its next steps , its challenges and its opportunities will now call itself the home to the heart of entrepreneurship and small business support . The JobsOhio grant will help facilitate transformational and multi-faceted growth in Coshocton . This downtown redevelopment project will not only repurpose a beautiful building on Main Street , but it will provide a place for young and mature entrepreneurs , students and business persons of all ages to explore their ideas .”
More than a year ago , the Coshocton Foundation asked local nonprofits how they would make
Coshocton a better place to live if they had $ 500,000 to do so . The port authority answered that question with the Coshocton Collaborative . Plans call for the three-story , 13,800-squarefoot vacant building to be converted into a unique maker space , business incubator and co-working facility that will promote entrepreneurship and foster economic growth .
Port offices will be located at the facility , and there are plans to work directly with private-sector businesses looking to utilize the space . Other partners providing services and programming include the Small Business Development Center at Kent State Tuscarawas and Our Town Coshocton .
The Coshocton Foundation was encouraged by the port ’ s vision and pledged $ 375,000 toward
the collaborative . The grant request was written joining Our Town Coshocton with the remaining $ 125,000 to be utilized toward the salary of the Our Town director for two years .
“ The pieces of this grant-funding puzzle have to fit perfectly , and we are so appreciative of all parties working diligently to move this project forward ,” Swigert said .
Swigert continues working with other partners to secure more funding including the Ohio Mid- Eastern Governments Association and the Economic Development Administration .
“ There are a lot of pieces that still need to fit together ,” Swigert said . “ We have a lot of work still ahead of us , but we are confident in the partnerships we have built . Our partners are really excited
about the vision created , and they are doing everything they can to help us cross the finish line .”
The regional economicdevelopment organization , Ohio Southeast Economic Development , has highlighted the project as a model that could be replicated in other Southeastern Ohio communities .
“ For small towns to survive and thrive , they need to look at diversifying to more information- based jobs and innovation ,” OhioSE President Mike Jacoby said . “ Coshocton put an extremely strong project together and was able to be one of the first four projects to win the JobsOhio grant out of about 40 applicants . As the regional JobsOhio network partner in Southeast Ohio , we are very proud of Coshocton , and we were pleased to assist this project .”
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