Community Reinvestment Area

Local investor group expands Tiffin plant

Addition adds 15,000 square feet to Northstar Industrial Park facility  

owens-corningTIFFIN, OHIO – December 5, 2016 – A local investor group has announced that they are expanding their 60,000-square-foot industrial facility located at 145 Heritage Drive in the Northstar Industrial Park.

The facility was constructed in 1994 and has been leased to Owens Corning – a leading producer of insulation, roofing, and fiberglass composites – since 1995. The current expansion is underway and is expected to be finished by February 1, 2017.

The Tiffin facility employs about 85 people and produces insulation products for appliance manufacturers.

In order to support the 15,000-square-foot expansion, a 15-year, 100-percent Community Reinvestment Area tax exemption is being provided, and all existing property owners in the industrial park as well as representatives of the City of Tiffin approved the project.

Tiffin Mayor Aaron Montz was pleased with the announcement.  “Manufacturing is the number one employer in the Tiffin area, and further investment like this continues to strengthen it,” he said. “We are pleased to see our economic development momentum continue.”

About SIEDC

Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on in the community at http://www.senecasuccess.com.

 

Tim Hortons to open $1.4M Tiffin store

Developer receives city tax exemption to offset asbestos abatement

img_1415TIFFIN, OHIO – September 19, 2016 – Rensko Holdings, a company out of Westerville Ohio, has purchased 1630 West Market Street and is announcing today that they plan to build a Tim Hortons franchise on the property. The project will cost an estimated $1.44 million and create 35 new jobs.

Rensko owns nearly 30 Tim Hortons developments in Ohio. The company has been expanding and has identified additional growth markets for this and next year throughout the state. Tiffin is one they are targeting. Rensko is also planning to build a Tim Hortons store in Fostoria.

Jennifer Francis, Manager of New Development for Rensko Holdings, said market research and the community’s reputation has shown Tiffin to be an ideal market for a new Tim Hortons. “We are impressed with all the retail development going on in Tiffin and how the city continues to grow. We think a new Tim Hortons will be a great addition to the community,” she said.

The company tonight received final approval from the Tiffin City Council for a 50%, 10-year Community Reinvestment Area (CRA) tax abatement. Demolition is set to begin within the next 10-15 days and new construction is planned to begin in October. Developers hope to have the store completed by the end of the year. The tax savings are helping the company offset additional unanticipated development costs, including asbestos abatement.

Tiffin Mayor Aaron Montz was pleased with their decision to locate in Tiffin. “We continue to see growth in all sectors, from manufacturing to retail. We are very happy to welcome Tim Hortons as the newest national brand in our West Market Commercial Corridor.”

Tim Hortons® Overview

TIM HORTONS®, part of Restaurant Brands International, is one of North America’s largest restaurant chains operating in the quick service segment. Founded as a single location in Canada in 1964, TIM HORTONS® appeals to a broad range of consumer tastes, with a menu that includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. As of December 31, 2015, TIM HORTONS® had more than 4,400 system wide restaurants located in Canada, the United States and the Middle East. More information about the Company is available at www.timhortons.com.

About SIEDC

Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on at the company’s blog at www.senecasuccess.com.

Jumpers Wild Family Amusement Center opens June 25

unnamedBouncing inflatable company Jumpers Wild has completed construction on their Family Amusement Center, located near the Seneca County Fairgrounds and across the street from Reineke Family Collision Centers, and will be open for business June 25.

The 12,000 square foot facility features two party rooms that can accommodate up to 30 people each and can be rented for parties and other events. The facility also includes a small eatery where patrons can purchase small food items like pretzels and nachos.

Owner Jim Graham is originally from Tiffin and often sets up inflatables at local events, like the Tiffin Music and Art Festival and Pizza Palooza. He and his wife Jennifer saw a need for more family-friendly venues in Tiffn.

Tiffin Mayor Aaron Montz says the venue supports an under served market. “The city really needs more places for children and family entertainment. I am happy to welcome Jumpers Wild to the community.”

Jumpers Wild is in the process of applying for a Community Reinvestment Area Tax Credit. This credit provides a tax exemption of up to 100 percent for up to 15 years for any improvements on the property.

Chipotle plans to open Tiffin store

chipotle foodDiverse Development signs lease with national restaurant chain

TIFFIN, OHIO – April 14, 2016 Diverse Development announced today that Chipotle Mexican Grill intends to open a store in Tiffin later this year in the center Diverse Development is planning to construct at the corner of West Market Street and Ashwood Road. The lease is contingent upon approval of a local tax exemption later this month.

Diverse Development President Ken Hicks complimented the city of Tiffin in making the announcement. “Tiffin’s growth over the past few years and business-friendly atmosphere has made it easy for me and national retailers like Chipotle to move forward with projects. We really appreciate the support we have received so far.”

Tiffin Mayor Aaron Montz was excited with the news. “We’ve been aggressive in courting Chipotle and other businesses to come to town, and I am glad to see our efforts get rewarded. We welcome them with open arms and will do whatever we can to make it easy to come here.”

The Seneca Industrial and Economic Development Corp. (SIEDC), the economic development non-profit for Tiffin and Seneca County, also confirmed today that the State of Ohio has officially approved the 70-acre Community Reinvestment Area (CRA) passed by Tiffin City Council in February, so they are now able to take applications. Diverse Development has submitted their application and is in the process of being scheduled to go to Council later this month. If approved, the project would move forward quickly, Hicks indicated.

Heidelberg President and SIEDC Chair Rob Huntington was also pleased with the announcement. “Our college students at Tiffin University and Heidelberg University, as well as our high school students and their families in town, have been wanting Chipotle to come here for years.  They will be very excited to hear this news!  It will improve student quality of life and provide another recognizable, well-liked brand for prospective students.”

About Chipotle

Established in 1993, Chipotle is a fast-casual dining chain focused on “Food with Integrity.” With more than 2,000 locations and 45,000 employees, Chipotle is a $4.5 billion restaurant enterprise specializing in Mission-style burritos made using high-quality, GMO-free, naturally grown and raised ingredients, and classic cooking techniques. The restaurants are also known for their distinctive interior design.

About SIEDC

Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on at the company’s blog at www.senecasuccess.com.