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INTRODUCING THE BUTLER COUNTY FINANCE AUTHORITY

August 30, 2024  |  Butler County Finance Authority
Butler County Finance Authority

The Butler County Port Authority, now known as the Butler County Finance Authority (BCFA), was established in 2004 by the Butler County Board of Commissioners under the provisions of Chapter 4582 of the Ohio Revised Code. This chapter grants port authorities broad powers to enhance economic development, including the ability to own, lease, and manage property, issue tax-exempt bonds, and engage in public-private partnerships. Inspired by the success of the Toledo-Lucas County Port Authority, Ohio's first port authority founded in 1955, the Ohio Legislature expanded the role of port authorities to include not only transportation and logistics but also real estate and financing tools for counties and municipalities statewide.

In early 2024, following a year-long strategic planning process, the Butler County Port Authority was rebranded as the Butler County Finance Authority. This change reflects BCFA’s evolved role as a comprehensive economic development agency for Butler County, supporting both public and private sector growth initiatives. Shortly after the rebranding, the BCFA Board of Directors hired Joshua A. Smith as President & CEO in April 2024.

 

As part of its ongoing strategic efforts, BCFA is establishing specialized working groups to focus on county-wide innovation efforts, and the collaborative development of Butler County's three airports, ensuring they function in a complementary manner to foster business creation and growth. Additionally, BCFA is forming a "Committee of 17" (C17), comprised of key leaders from Butler County, including C-suite executives and government leaders, to vet strategic decisions and initiatives.


The BCFA provides a range of powerful financial tools, including the issuance of tax-exempt bonds, conduit financing, and structured leases, all designed to help businesses and municipalities access the capital necessary for growth and reinvestment. These mechanisms are instrumental in making large-scale development projects viable, particularly in cases where traditional financing options may fall short. Over the years, BCFA has played a crucial role in facilitating the success of numerous projects across Butler County, including assisting multiple real estate projects in West Chester, Fairfield, and Hamilton.

To learn more about how the Butler County Finance Authority is fueling economic growth and development across the region, visit www.theBCFA.org. Whether you are a business planning an expansion or a developer pursuing new opportunities, BCFA stands ready to provide the financial expertise and strategic partnerships necessary to bring your vision to life.