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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.

Entourage Effect and Shield Compliance Join the ICLC

In a continuation of its recent growth, only a bit more than a year after its organization, the ICLC is pleased to announce the addition of 3 more new participants. One of these is a commercial bank. In accordance with our commitment to our bank participants, they are not identified outside the Community unless they specifically authorize it. The other 2, Entourage Effect Capital (EEC) and Shield Compliance, are each well known within the cannabis industry and will enhance the ICLC’s potential value to its participants, enriching the spectrum of relevant and accretive cannabis industry experience, skillsets and perspectives available to them.

Trulieve Tax Announcement and the ICLC Growth Spurt

On March 12, leading cannabis tax lawyer James Mann made an extremely timely virtual presentation to ICLC participants regarding the announcement by Trulieve of its receipt of more than $100 million of tax refunds in connection with a challenge to what it owes under Section 280E of the Internal Revenue Code.

Another Big Move Out of the Shadows; First Citizens Bank, the nation’s 19th largest, poised to enter the Cannabis Market

A commentary on cannabis and hemp dated January 12, 2024 posted by First Citizens Bank on its website reflects the decision by the Bank to extend its very substantial hemp/CBD platform into the cannabis space.

A Closer Look at Cannabis

At the Nov. 30 Akron Roundtable event "A Closer Look at Cannabis," moderated by Andrew Meyer, deputy editor of news Ideastream Public Media, a varied group of panelists spoke about expected and potential outcomes and efforts of marijuana legalization.

Out of the Shadows - Cannabis Going Mainstream

BMD Phoenix Office Managing Partner, Stephen Lenn, recently discussed today's cannabis industry at an Akron Roundtable as part of their "Bringing it Home" series.