Cleveland Innovator and City Benefit From Clean Ohio Grant
Cleveland, OH (March 30, 2006) The future of the City of Cleveland and one of WIRE-Net’s member companies was brightened by Monday’s announcement of a $750,000 Clean Ohio Assistance Fund (COAF) grant that has been awarded for brownfield remediation activities at the Detroit Avenue site of the former Monarch Aluminum/Trinity Building.
Energy Wise Building Systems, LLC, a manufacturer of energy efficient panelized building systems, hopes to invest approximately $3.2 million in a new office/warehouse facility on the 5.6 acre site, owned by the City of Cleveland’s Industrial Land Bank. Jacki Adams, WIRE-Net’s Industrial Outreach Manager and a representative affiliated with
Clean Ohio Assistance Fund grants target projects in distressed communities that support job creation and economic expansion. Monies are used for Phase I and II Environmental Assessments, brownfield remediation, and public health projects. According to Mike Hoag, WIRE-Net’s Vice President of Redevelopment, the former Monarch Aluminum/Trinity Building site has been on WIRE-Net’s “short list” for some time. WIRE-Net used $55,000 from a USEPA grant in 2000 to launch assessment efforts to understand the environmental issues now being addressed with this grant. “We were very pleased the City made this property one of the Industrial Land Bank’s first acquisitions. This is a prime piece of real estate that meets the Clean Ohio Assistance Fund guidelines perfectly. Once demolition and remediation are complete, the property will bring new investment and a cutting edge manufacturing company into the city.”
For more information please see WIRE-Net’s website at www.wire-net.org. or call (216) 588.1440.
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