REDI Cincinnati continues its commitment to support the creation of needed sites in the region by providing access to funding for the Georgetown Port Authority (GPA) from the REDI Site Revolving Loan Fund.
This investment will facilitate the development of a 41-acre industrial park in Georgetown, Ohio, creating opportunities for economic growth and expansion.
The property is undeveloped, and GPA will use REDI Cincinnati’s Site Revolving Loan Fund support to prepare a site development and preliminary engineering plan. Established in September 2023, the GPA’s objective is to develop economic development opportunities for existing businesses to expand and attract new businesses.
“Requests for site visits in our region from companies looking to expand or locate here has set historical highs each of the last three years,” said Kevin Donnelly, REDI Cincinnati Vice President for Project Management. “The Site Revolving Loan Fund supports critical infrastructure financing gaps, giving communities another option for assistance to increase the inventory of shovel-ready sites.”
“We’re excited to receive support from REDI Cincinnati for this important project,” said Kelly Bolington, Village of Georgetown Mayor and GPA Board Member. “The development of the Georgetown Port Authority industrial park will position our community to aggressively compete for economic development project opportunities.”
REDI Cincinnati established the Site Revolving Loan Fund to advance the Cincinnati region’s competitive readiness by investing in commercial and industrial sites, creating an inventory of shovel-ready sites.
Communities interested in learning more about REDI Cincinnati’s Site Revolving Loan Fund are encouraged to contact Andrea Pinho, REDI Cincinnati director of sites & real estate (apinho@redicincinnati.com).
About REDI Cincinnati
The Regional Economic Development Initiative (REDI) Cincinnati is the first point-of-contact for companies locating or growing in the 15-county region at the heart of southwest Ohio, northern Kentucky, and southeast Indiana. REDI Cincinnati is supported by top business leaders and community partners and staffed by a team of economic development experts who are uniting the Cincinnati region to compete globally.
The future is bright, and we’re building it, right now. Join us at REDICincinnati.com.
Contact:
Jay Brock
JBrock@REDICincinnati.com
Cell: 513.410.4942
Office: 513.562.8442
