The transformation of the historic Masonic Lodge in Niles, Ohio, is set to begin, supported by a crucial $750,000 grant from the JobsOhio Vibrant Communities Program. This redevelopment promises to breathe new life into the century-old structure, converting it into the headquarters for Cadence Care Network.
What Happened
Lake to River Economic Development has successfully secured a $750,000 grant from JobsOhio to aid in the $4.6 million redevelopment of the Masonic Lodge at 22 W. Church St. This project will transform the underused historic building into the new headquarters of Cadence Care Network, a nonprofit providing behavioral health services. Originally placed on the National Register of Historic Places in 2006, the building was facing potential demolition. However, with this new funding, it will be preserved and repurposed. The project will retain and create 180 jobs in downtown Niles, consolidating Cadence Care Network's offices into one location. The construction is slated for completion by early 2027.
The redevelopment includes significant renovations, adding modern office spaces and facilities to support the network’s services. A large, unused auditorium within the building will also be overhauled and reconfigured for office use and community functions. This initiative is a collaborative effort, with additional funding secured from state and federal historic tax credits, the Appalachian Community Grant Program, and local investments.
What This Means for Your Business
For businesses in the architecture, engineering, construction, and manufacturing (AECM) sectors, this project signals substantial opportunities. The redevelopment not only involves significant construction and renovation work but also promises to boost local economic activity. With 180 jobs being retained and created, there is a potential uptick in demand for local services and suppliers. Additionally, the project's alignment with the JobsOhio Vibrant Communities Program highlights potential for further state-supported development projects, offering a pathway for securing similar funding for future endeavors.
For those in government contracting, this project underscores the importance of understanding and leveraging state and federal funding opportunities, such as historic tax credits and community grants, to drive development projects. Companies that can navigate these funding landscapes effectively may find themselves well-positioned to lead similar redevelopment projects.
What US Operators Should Watch
Key deadlines include the anticipated completion of construction by early 2027, which may present ongoing procurement opportunities for service providers. Additionally, the success of this project could trigger similar initiatives in other small to medium-sized cities identified by the JobsOhio Vibrant Communities Program, suggesting a potential pipeline of future projects. Stakeholders should monitor announcements from JobsOhio and other state funding bodies for upcoming grant opportunities and deadlines.
Source: https://businessjournaldaily.com/lake-to-river-secures-funding-for-niles-redevelopment-project/. Read the original story ->
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