Olmsted Falls renews contract for economic development consultant

OLMSTED FALLS, Ohio — Last month, the city council approved a new one-year contract with Olmsted Falls economic development consultant Tom Jordan.

“A few years ago a full-time economic development officer quit,” said Olmsted Falls Mayor James Graven. “Then I did it myself for a little while before Tom was hired in 2019.

“He’s a part-time consultant with no benefits, but he’s been in the business for over 20 years and has worked in many different cities. He hasn’t received a raise since starting with Olmsted Falls.

The new 12-month contract (April 1 to March 31, 2023) includes an increase of $2,000 to $2,200 up to 25 hours per month.

Any additional monthly hour requires Jordan to earn $100 per hour; however, Graven said that has never been the case for overtime in the past three years.

“We’re not going to set up a new Ford factory, and we don’t have Rockside Road, but if we can set up other small offices to help increase the tax base, that’s what we’re trying to do. ,” Graven said.

Regarding the current state of economic development in Olmsted Falls, Jordan said the focus is on revitalizing the city’s downtown area with a Community Revitalization District designation.

“With the new designation as well as the new Olmsted Falls Storefront program, the city is planning new investment in the central business district,” Jordan said. “We are already seeing this with the opening of Bistro on the Falls and the planned opening of the Old Library as a new dining experience.

“The city also encourages commercial investment through the commercial real rate tax abatement program. While the office market, in general, is down, smaller office/commercial offerings may prove attractive as the need to move downtown diminishes. The Town of Olmsted Falls is well positioned as we emerge from the pandemic. »

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