Ohio Heat Holdings LLC

New Markets Tax Credit Coalition

Fairfield,
OH
(2024)

Ohio Heat Holdings LLC

Manufacturing

A specialized equipment manufacturer grew its footprint and added jobs in Fairfield, OH

Investment

NMTC Amount: $3,999,103
Total Project Cost: $6,000,000

IMPACT

73 FTE jobs
28 jobs created and 44.5 jobs retained

CDEs

Advantage Capital

Project Description

Ohio Heat is a manufacturer of high-quality heat transfer products, including radiators, air/oil coolers, and customized cooling packages for industrial and heavy vehicle applications.Serving both OEM and aftermarket customers across transportation, agriculture, and construction industries, the company required capital to purchase equipment and relocate to a larger facility.This investment enabled Ohio Heat to expand its operations, move into a more modern space, and install a vacuum brazing furnace, allowing the company to bring a critical part of its manufacturing process in-house.

Ohio Heat Holdings OHH designs and manufactures heat exchangers, radiators, and air/oil coolers for industrial and heavy vehicle applications.This project provided OHH with funds needed to refinance restrictive debt and make improvements to a newly acquired facility.The patient, flexible capital provided by the

MAP

Address: 8551 Seward Road, Fairfield, OH 45011

Other Ohio Projects

Uptown Gateway

Cincinnati,
OH
(2020)

Business Development, Community, Incubator

CDE(s): Cincinnati Development Fund, PNC, Uptown Consortium

Construction of a 189,000 sq. ft. commercial office building to be leased for 17 years by the University of Cincinnati.

Washington Park Parking Garage

Cincinnati,
OH
(2011)

Community, Daycare and Early Childhood, Infrastructure, Transportation and Ports, Youth and Families, Youth Program

CDE(s): Cincinnati Development Fund, Cincinnati New Markets Fund (3CDC), Local Initiatives Support Corporation

The $48 million 2012 renovation and expansion of Washington Park was a public /private partnership among 3CDC, the City of Cincinnati, the Cincinnati Park Board, and the Cincinnati corporate and

Downtown Piqua YMCA

Piqua,
OH
(2022)

YMCAs and YWCAs, Youth and Families

CDE(s): Dayton Region New Markets Fund, PNC

NMTC financing supported the construction of a 76,000 sq. ft. YMCA that will offer expanded health and social impact programming for seniors, youth and families in downtown Piqua, OH. The

Rural King

Waverly,
OH
(2020)

Business Development, Manufacturing, Retail, Rural

CDE(s): Dudley Ventures, Finance Fund

Rural King used the NMTC to acquire an 800,000 sq. ft. building that was renovated to allow for expanded operations in Waverly, Ohio.