Community Improvement Corporation

cic

Purpose

As a dually authorized Community Improvement Corporation, this not-for-profit corporation has been organized for the purpose of advancing, encouraging, and promoting the industrial, economic, commercial, and research development of our community and county.

The mission of the CIC is to retain, expand, and attract capital investment and jobs to the community of Fostoria, Ohio. Strategies used to implement our mission include the use and promotion of local, state, and federal; financial assistance, tax incentives, and training/technical assistance programs.

 

  • Borrow money
  • Lend money to persons or entities. (This power is limited to making loans to persons or entities that have been rejected for credit by other financial institutions.)
  • Acquire real or personal property, including leased property, goodwill, stock or other assets of persons or entities.
  • Assume the liabilities of a person or entity.
  • Acquire real property for business or industrial development.
  • Serve as the agent of one or more political subdivisions.

 

2015-2016 Top Initiatives

Downtown Fostoria

Develop a plan on what should be done with the current green space(s) in Downtown Fostoria. Launch a Downtown Façade Enhancement Program in Fostoria. Assess all downtown buildings. Identify Funding Opportunities for Downtown Re-Development.

Underpass Project

Work with Burgess & Niple and the City of Fostoria in getting Norfolk & Southern and CSX to allow the community to paint the underpasses in Fostoria, Ohio.

Vacant Housing/Buildings

Work with the City of Fostoria to create a Vacant Housing Database as well as a Rental Housing Database.
Work to get some of the vacant structures torn down or rehabilitated in partnership with the City of Fostoria.

Programs

Downtown Façade Enhancement Program Overview

The Community Improvement Corporation (CIC), in partnership with the Greater Fostoria Community Foundation, is providing a grant program for the purpose of revitalizing the exterior facades of downtown Fostoria properties, excluding single family dwellings or multi-family dwellings, while reserving the historic character of downtown Fostoria.

The Grant

This grant is up to a 50% reimbursement of expenses directly related to qualifying building improvements to commercial properties within the downtown target area up to a maximum match of $3,000. This grant is available on a first come, first serve basis from application to approval.

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Eligible Improvements include all exterior improvements to the appearance of an eligible downtown building storefront façade. These improvements include:

  • Awnings
  • Masonry Work: brick cleaning, tuck pointing, replacement
  • Painting
  • Repair, restoration or appropriate replacement of exterior windows and doors
  • Repair or replacement of roofing system (including gutters and downspouts)
  • Fire escapes or exterior upper floor access
  • Any other visible exterior improvements

This program will not fund interior improvements, operating funds, HVAC repair, plumbing repair, furnishing or equipment, landscaping and any exterior improvements that do not follow the guidelines set by the Fostoria Preservation and Design Review Board.

All grant applications must be submitted to the Community Improvement Corporation (CIC) and include:

  • Downtown Façade Enhancement Application
  • Project Description
  • Current photos of proposed work area
  • Preliminary Cost estimate of proposed work by a qualified third party
  • W9 Form
  • Rendering/Drawing of proposed work, including color scheme (if applicable)

Download Downtown Facade Program Application

A review of application to ensure that all information is included and project is eligible will be conducted. Most applications will be processed within 30 days from the date application is received.

  • The property owner will be responsible for maintaining improvements provided by this grant for minimum of 5 years
  • The property owner must obtain all required permits and plan approvals prior to beginning work. (The permits may include, but are not limited to, building, zoning, occupancy, etc.)
  • Applicants must provide copies of invoices marked paid or cancelled checks showing payment
  • Applicant must provide photographs of completed work

Board of Trustees

Chairman: Renee Smith, President Fostoria Economic Development Corporation

Vice-Chairman: Chris Iannantuono, General Manager, Seneca Millwork

Treasurer: Ron Burns, CEO, Corporate One Benefits

Secretary: Dave Whitta, Vice-President, Whitta Construction

Trustee: Steve Garner, Auditor, City of Fostoria

Trustee: Eric Keckler, Mayor, City of Fostoria

Trustee: Allyson Murray, Safety Service Director, City of Fostoria