PAULDING – The Paulding County Economic Development (PCED) Board met this week with all board members present. John Kobee, President of PCED Diamond Investment Member Antwerp Exchange Bank, and former PCED Board Chair, was invited to update the board about the bank. Kobee spoke on current events with the bank branches in Antwerp, Payne and Harlan, IN, and shared some incite on current banking conditions. Kobee also shared what it means for the bank to be an active community participant and investment member with the PCED office. The group agreed in whole that this collaboration is beneficial to both parties and all the residents and communities they serve.
PCED Director Tim Copsey then updated the board on office business. Copsey announced the Small Business Innovation Center, which is a small business incubator office space managed by the PCED office, is at capacity. The eight finished offices are all currently being rented. Discussion with the board followed as there is still room for two additional spaces to be developed. The board approved estimates be obtained to develop these last two spaces. A determination from the board of how to move forward will take place upon receipt of the estimates.
It was shared that private membership investment into the PCED office is up 13.5% over the 2021 record year. At this point in 2022 there have been 31 new investment members added to the roster. Copsey asked the board to continue providing investor leads for the office to follow up on and add as potential opportunities to add even more members in the future.
Discussion took place in regard to the strategic plan for Paulding County. A draft of decided goals was recently presented from the board. Copsey presented some possible tracking for reaching those goals to the group. Pertinent discussion followed and a decided forward path was developed. This path will tie into future director presentations to the board and will be monitored for depth of value in the future.
Copsey shared that it has recently been agreed by all three county community improvement groups in the county (Antwerp/Payne/Paulding County, Paulding Village & Oakwood Village) to collectively meet and share some thoughts and ideas. This has been discussed in the past but this was the first time it was suggested by the groups themselves. A near future date will be set for the discussion.
The regular business agenda followed including:
Board consent for Copsey to attend the upcoming annual Ohio Economic Development Summit in Dublin, OH October 4-6.
Banquet update for the annual event to be held at Grant’s Catering in Antwerp November 1, 2022
Financial Committee update to discuss current budget and projections.
Executive session to discuss future salary and benefit packages for new and existing office employees.
The board will meet again in a regular meeting on Tuesday, September 13, 2022