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BMD’s Jason Butterworth Quietly Engineers Some of Akron’s Most Impactful Projects

Blog Post

Jason Butterworth, a team member of BMD’s Business & Corporate practice, focuses his practice on finance, real estate, and tax credit law. 

Few people are aware that over the last six years, Jason has been working to ensure that several of the most impactful projects in the greater Akron-Canton region have been realized. Sometimes directing from behind the scenes and occasionally right out in front – Jason has helped shape the complicated, interesting, politically-charged and emotional backstories of several significant projects you may have seen in the news. 

These projects include the revitalization of The Shorb Neighborhood in Canton and the I Promise Housing initiative, along with East Akron Neighborhood Development Corporation (EANDC). 

A major spotlight is on Akron right now and Jason has been an integral part of the process for the past four years. Serving as a community liaison and Akron concierge, if you will, Jason has facilitated communications, connections and partnership between city, county and state governments, the University of Akron and California company, LTA Research and Exploration. The conversation: gain approval from the Development Finance Authority of Summit County to sublease the airdock, a world-class facility unlike any other, from Lockheed Martin. The goal: build full-size airships in Akron again – electric-powered, zero emission ships designed by the U of A’s engineering department.

There were many complex layers to this project, not to mention the nostalgia, history and identity of Akron wrapped up in concept of airships. Jason negotiated the deal to access and eventually acquire the Airdock, and also helped to validate and promote the project as an important investment for Akron. An advocate for Akron, he has helped convince LTA, with its initial operations located in San Francisco, that Akron was the best place to be. And now, this project is coming to fruition in 2023. Last Thursday, LTA unveiled its work on the Pathfinder, the largest airship build in the US since 1932.

The BMD Business Family is honored to call Jason a Member of the firm and is proud of how he has served as an advocate and champion of several noteworthy economic developments for our region.

Read more about this projects in these Akron Beacon Journal articles. Please note that these may require a subscription to view.

See the opinion piece published in the Akron Beacon Journal last year by Gary L. Miller, President of the University of Akron, and Daniel Horrigan, Mayor of Akron regarding the excitement and opportunity around bringing Airdocks back to Akron.

And now, this project is coming to fruition in 2023. Last Thursday, LTA unveiled its work on the Pathfinder, the largest airship build in the US since 1932.


The Secret to a Strong(er) Capital Stack

BMD attended the annual New Markets Tax Credit (NMTC) Conference held by Novogradac & Company LLP in New Orleans. The event spotlighted the NMTC program, which encourages private investment in low-income communities through a 39% tax credit over seven years. The complex NMTC structure requires collaboration among qualified businesses (QALICBs), community development entities (CDEs), and investors. With the Fund’s recent double allocation announcement, now is an ideal time for eligible businesses to explore NMTCs to enhance their capital stacks.

The Shadows Are on the Run: Global Icon Aon Adds Its Heft and Stature to the Legitimization of the Cannabis Industry

Aon, a global firm with 50,000 employees across 120 countries, has made a strategic move into the U.S. cannabis industry, joining a growing list of institutional players such as First Citizens Bank. This entry aligns with the efforts of the Institutional Cannabis Lending Community (ICLC), which has been driving deal flow and fostering best practices among financial institutions since its founding less than 18 months ago. Aon will co-host an exclusive event for the ICLC at the Benzinga Capital Conference in Chicago, where it will unveil a custom product suite designed for cannabis businesses and tap into the collective expertise of the ICLC's nearly 30 Participants, which include banks, lenders, and compliance experts.

Tips for Creditors Who Are Owed Money from Someone Who Has Filed for Bankruptcy

You have received a notice in the mail stating that a business or person who owes you money has filed for bankruptcy. Now what do you do? It is important to act quickly to determine your rights in the bankruptcy process and to protect them. You should review the particulars of the debt owed to you with your attorney, as well as the debtor’s bankruptcy filings. Here are some of the preliminary issues to consider in order to protect your rights as a creditor.

Get to Know BMD: Michael Sneeringer

In this installment of our "Get to Know BMD" series, Cleveland Member Michael Sneeringer shares his journey into law, driven by influential mentors and an interest in estate planning. Discover his passion for client interactions, his surprising domestic skills, and his dedication to attending his daughter's volleyball games.

BMD Vice President Amanda Waesch Shares the Secrets to Her Success

BMD Vice President and Healthcare Law Member, Amanda Waesch, recently shared the secrets to her success on the Driving Change Podcast. From managing a high-powered career to balancing family life and mentoring the next generation of lawyers, Amanda’s insights are a must-hear. Watch the full interview here!