Cincinnati a shining example for Erie biz group

In December, a group of representatives from the Erie Downtown Development Corp. in Erie, Ohio, visited Cincinnati. The group, dubbed the Cincinnati 8, were impressed with the strides that groups like 3CDC has made in its development efforts in Over-the-Rhine.

Since 2003, 3CDC has used investments of about $220 million to leverage more than $1 billion worth of development in previously blighted areas of downtown and OTR.

The EDDC wants to use the same model that has worked in Cincinnati — new market tax credits and money from the business community to develop and leverage outside investment — in Erie. The EDDC also plans to start in a small, targeted section of the city and work its way outward.

Read more about the EDDC’s plans here and here.