Upper Arlington City Council approved a recommendation from the Upper Arlington Community Improvement Corporation (UACIC) to grant a $15,000 large business loan/grant to help support ADA improvements to an office building at 4700 Reed Road. This loan will be issued jointly to the building's owner, PRB Ventures I, LLC, and a new tenant for the building Asian American Community Services (AACS).

Upper Arlington City Council approved a recommendation from the Upper Arlington Community Improvement Corporation (UACIC) to grant a $15,000 large business loan/grant to help support ADA improvements to an office building at 4700 Reed Road. This loan will be issued jointly to the building's owner, PRB Ventures I, LLC, and a new tenant for the building Asian American Community Services (AACS).

AACS is a social service agency dedicated to the Asian American community. Its relocation from Clintonville to an ADA-compliant facility in the northwest area will enable the organization to better serve a clientele that primarily lives in Northwest Columbus and Upper Arlington.

To qualify for the loan, AACS is committing to a five-year lease, with an option to renew for an additional five years. AACS will occupy a 3,000 square foot space, and has committed to increasing its employees by 13 percent.

The loan will help support more than $79,000 in building improvements that will address several ADA issues associated with what is currently considered Class C office space. This work will not only benefit AACS, it will also improve conditions for existing building tenants, and make the building more desirable to prospective tenants. The property owner has indicated that additional interest in the soon-to-be improved building has been expressed.

As a result of this project, the city anticipates doubling its investment through the income taxes generated by ACCS alone in the first five years, and as other tenants are secured, the return on investment will increase.

If you have questions about the role of the UACIC in supporting economic development in Upper Arlington, please contact, Matt Shad, at 583-5046 (mshad@ uaoh.net).