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Celebrating Our Good News
Greetings!
While our local and regional economy are still not back at pre-recession levels, we are beginning to see signs that businesses are recovering. This is evident both in the level of construction activity and with the number of companies exploring potential expansion projects.
Construction activity in Piqua continues to increase as we enter the second half of 2011. In fact, year-to-date construction activity of $22.9 million now exceeds the total activity for the past four years combined. Additionally, several local manufacturers have begun rehiring workers to meet increasing sales and are close to reaching pre-recession numbers.
As importantly, prospect activity is also on the rise. Inquiries from site selection consultants, regional developers, and our local businesses indicate companies are once again looking at new investments in equipment, facilities and personnel.
Certainly, we have a lot of work yet to do to emerge from the Great Recession; however, we believe it is important to take time to celebrate the positive developments and good news happening in our community. So, here's to good news in 2011!
Best regards,
Bill Murphy
Executive Director |
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Upper Valley Career Center Continues Work on $24.7 Million Renovation Project
The Upper Valley Career Center continues work this Summer on an $24.7 million renovation project that promises to be an exciting addition to the educational offerings in Piqua.
A levy passed in November 2009 provided the local share of 25% or $7.3 million. The State of Ohio is funding the other 75% or $17.4 million of the project through the Ohio School Facilities Commission (OSFC).
This project will renovate the existing 35+ year old structure and provide students with state-of-the-art learning facility. The project also provided for additional classrooms space at the Career Center. Construction was recently completed on a 8,000 sq. ft. "swing space" that will house 12 additional classrooms.
More information about the project and the Career Center is available at www.uppervalleycc.org.
 | | Upper Valley Career Center |
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Atlas Precision Machining Company Announces Plans to Grow in Piqua
Atlas Precision Machining Company, Inc. announced plans to construct an 8,000 facility and move its operations to Piqua to better serve its affiliate, Apex Aluminum Die Casting Company.
Atlas Precision Machining Company currently employs eight (8) employees, who design and build die cast molds and tools exclusively for Apex Aluminum Die Casting.
"Atlas Precision Machining Company will be a great addition to our business community, " said Bill Murphy, Executive Director of Grow Piqua Now. "Atlas' sister company Apex Aluminum Die Casting has been a successful, growing business that has been a huge community supporter over the years."
Read more. |
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City Receives $2 Million Grant from the Clean Ohio Revitalization Fund (CORF)Program for Former Hospital Site
The City of Piqua will receive $2 million through the Clean Ohio Revitalization Fund (CORF) grant to conduct demolition and remediation activities at the former Piqua Memorial Hospital, located at 624 Park Avenue and 813 Nicklin Avenue.
Prior to remediation, the City of Piqua intends to acquire the property and market it for redevelopment. The funds will be used to remove asbestos and universal waste, and demolish existing buildings.
"This competitive funding is a pivotal piece of the overall redevelopment of this site," said Bill Murphy, Executive Director of Grow Piqua Now. Murphy added, "With this grant funding, we now have the ability to eradicate this blighting influence from our community."
Read more.
 | | Former Piqua Memorial Hospital Site |
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UPCOMING EVENT:
Piqua Regional Business Showcase- October 13, 2011
The Piqua Area Chamber of Commerce is hosting its Piqua Area Business Expo from 4-7:30PM on Thursday, October 13, 2011 at the Piqua High School.
The Regional Business Showcase will feature Michael Caruso, author of 5 Cool Ideas. Mr. Caruso will be presenting "Now is Your Time -Working Smarter in the New Economy".
The event is held every two years and features companies from Piqua and the surrounding region.
To register for the event, please contact the Piqua Area Chamber of Commerce.
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