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Tracey A.Nichols

Director of Financial ServicesTracey.Nichols@AboutPMC.com

Tracey A.Nichols

Director of Financial Services
  • Ohio Site Inventory Program: Led the PMC team on behalf of several projects to successfully attract $2.5 million in grant funds and $3.5 million in low interest loans in both the Pilot Program and the official program that launched in 2020.
  • US Economic Development Administration: Worked with 2 non-profits to successfully complete grant applications resulting in over $2.5 million in EDA funds for the Northeast Ohio region.
  • Cleveland 10-year Housing Plan: Worked with University of Pennsylvania as a local partner to complete a 10 year housing plan under contract with the City of Cleveland.
  • RhinoSystems, Inc.: Developed public incentives for a new manufacturing and headquarters property and new equipment for an expanding specialty medical product manufacturer.
  • Voss Industries LLC: Evaluated multiple locations for the relocation of a major manufacturing facility and worked on incentives for each location, allowing the company to select the best location with incentives to help them continue to grow, creating and retaining over 300 jobs.
  • Selman Company: Assisted the company with state and local incentives for a new headquarters and helped address an issue with the FAA regarding one of the possible locations.
  • Mayor’s Neighborhood Transformation Initiative & Huntington Bank: Worked with Huntington Bank and Fannie Mae to create a new national pilot program for high LTV loans to support new construction of homes in areas with low appraised values.
  • BoxCast: Developed public incentives for an expansion to create over 70 new jobs and a new headquarters location.
  • City of Cleveland: Worked with a group to help devise and implement the mayor’s Neighborhood Transformation Initiative to leverage $40 million in bond funds to generate new investment in targeted neighborhoods. As part of the program, used $8.5 million of city funds to generate a commercial loan fund with local banks and a national nonprofit.
  • NRP Group: Developed public incentives for a new headquarters location.
  • Stark Enterprises, nuCLEus development project: Developed public incentives strategy to support the project.
  • 925 Euclid Avenue Redevelopment: Developed public incentives for $280 million historic redevelopment. Worked with State Historic Tax Credit Office to help bring Catalytic Credit to project.
  • Geis Companies, Ameritrust Redevelopment: Developed public incentives for the $180 million redevelopment of the Ameritrust complex, including seeking and receiving HUD 108 financing.
  • Midwest Development Partners: Developed public incentives for $200 million development project in University Circle.
  • Applied Industrial Technologies: Developed public financing and incentive package for headquarters acquisition.
  • Flats East Bank: Developed public financing incentives for $700 million mixed-use redevelopment with 32 different sources of financing over four major asset classes. Negotiated collateral changes and refinancing.
  • Dealer Tire: Developed public incentives for headquarters project, keeping the company in Cleveland. Project included a TIF and HUD 108 financing.
  • First Interstate: Developed public incentives for the $112 million One University project.

Additional Experience

  • Developed the Vacant Property Initiative, which provided incentives that led to the redevelopment of over 4 million square feet of vacant space and more than 100 acres of vacant land.
  • Worked with public and private partners to develop the Health Tech Corridor, harnessing the business attraction capacity of the “Eds and Meds” in the area to attract over 100 companies and millions of dollars of investment to this transit-oriented development strategy.
  • Substantive experience using HUD grants and HUD 108 loan financing.
  • “Targeting Pocket Poverty,” IEDC Leadership Conference, March 2021
  • “Economic Development: Incentives and Policy,” Taubman Center for State and Local Government, Harvard University, December 2019
  • “Construction: How to Move Projects Forward in Today’s Economy,” June 2019
  • “Get in the (Opportunity) Zone,” IEDC Webinar, March 2019
  • “Opportunity Zones: Latest Updates & Where We Are Seeing Traction,” Cleveland Engineering Society, March 2019
  • “Opportunity Zones,” ULI Cleveland, January 2019
  • “Opportunity Zones,” Greater Cleveland Partnership 4th Qtr. Middle Market Program, December 2018
  • “Fastest Ways to Create Jobs That Stick,” IEDC Annual Conference, November 2018
  • “Opportunity Zones and Qualified Opportunity Zone Funds,” NAIOP Northern Ohio, June 2018
  • “Hot Opportunities for Local Development,” CMBA Real Estate Law, April 2018
  • “Incentivize This! Successfully Negotiating Economic Development Incentives,” ICSC Regional Conference, March 2018
  • “Emerging Real Estate Trends In Northeast Ohio,” ULI, January 2018
  • “Using HUD 108 for Job Creation and Economic Inclusion,” NDC Academy, October 2017
  • “Is That Your Best Offer? How Changes in Federal Programs Could Impact Local Development Projects,” Associated General Contractors Group, July 2017
  • “Working to Improve Your Community,” ULI Young Leaders, March 2017
  • “Moving Toward a More Equitable Region: How Regional Transit Will Expand Opportunity,” Mackinac Policy Conference, June 2016
  • “We Are Cleveland: Leading for Change,” Cleveland Leadership Center, September 2016
  • “Concepts for Successful Transit-Oriented Development,” ITDP – Cape Town & Johannesburg, South Africa, October 2013
  • Received Team NEO’s Business Leader regional economic development champion award, 2019
  • Robert W. Davenport Community Development Leadership Award Recipient, 2017
  • Named a Woman of Note by Crain’s Cleveland Business, 2015
  • Named Public Executive of the Year by Novogradac Journal of Tax Credits, 2015
  • Received the Excellence Award for Leadership from the Council of Development Finance Agencies, 2015
  • Received the North Coast Minority Media & Diversity Chamber’s MBE/Urban Professional Award for Government, 2015
  • Recognized by the Cleveland Foundation with the Homer C. Wadsworth Award for extraordinary accomplishment in the public or not-for-profit sector, 2010
  • Committee Member, IEDC Racism in Economic Development Subcommittee, 2020-present
  • Board member, International Economic Development Council, 2015–present
  • Board member, Gateway Economic Development Corporation of Greater Cleveland, 2008–2017
  • Board secretary, Cleveland Citywide Development Corporation, 2008–2017
  • Board member, Growth Capital Corp., 2007–2016

Education

  • Case Western Reserve University,

    Cleveland; Bachelor of Science in Business Management (focus in accounting and finance)