You have reached your limit of free articles this month.

Enjoy unlimited access to

Starting at just 99¢ for 8 weeks.


  • ePAPER

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.


Welcome to

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

$1.1M in loans, grants given to failed Springfield company

A former Springfield business failed to live up to nearly $1.1 million in publicly funded loans and incentives when it closed in 2008.

The company, em3 LLC, defaulted on a nearly $712,000 Small Business Administration loan when it closed, making it the fifth largest SBA loan default in a nine-county area and sent to the U.S. Treasury for collection.

But the defunct call center also defaulted on about $400,000 in local and state funding over the course of two years.

The Ohio Department of Development asked the Ohio Attorney General’s Office to collect $303,255 from owner Eugene Meyers III in court in 2009. The department didn’t have available the total amount it loaned Meyers through a minority business assistance loan.

“After the loan defaulted, the case was closed after the state determined there were no more collectible assets,” said Dan Tierney, a spokesman for the attorney general’s office.

Meyers couldn’t be reached for comment after multiple attempts to locate him.

In 2006, Springfield approved a more than $37,000 grant over three years to the business in exchange for creating 55 jobs. The city also approved a $75,000 loan through the Small Business Development Center.

The city of Springfield only paid about $2,700 worth of the job incentive grant to the business before it closed for good.

SBDC Executive Director Steve Anzur said he was unaware of the federal SBA loan and said he wondered why em3 needed that much money.

The company started in the SBDC building at 300 E. Auburn Ave. and then moved to the Southern Village Shopping Center at Selma Road and Sunset Avenue.

The business was a call center geared toward political campaigns, Anzur said. It planned to handle telemarketing efforts for city, state and federal candidates of both political parties.

“After a year or so, they ended up closing their business due to a lack of revenue and sales,” Anzur said. “(Meyers) thought he could get government contracts, but he was not successful.”

Tom Lagos, a local attorney and owner of the Southern Village Shopping Center, worked closely with Meyers to establish the business.

“They set up a very nice telemarketing facility, and he worked really hard to make it work,” Lagos said, citing multiple financial issues. When Meyers left, Lagos said he also was owed rent money.

Lagos filled the space recently with a Miami Valley Child Development office. But he hasn’t given up on trying to attract another call center to Clark County.

He said the number of “good people who are unemployed” make for an immediately available workforce and that property is cheap to acquire.

“It’s a perfect place to put a call center,” Lagos said.

Reader Comments ...

Next Up in Community News

Poor Will’s Clark County Almanack: Go fishing around lunchtime
Poor Will’s Clark County Almanack: Go fishing around lunchtime

All things swell…the earth, trees, plants, wood and even iron. Why should not the same thing be true of our minds? We must expand, like the leaves, if we would receive all the cleansing water in our souls. — Charles Burchfield, Journal, April 12, 1914 The Almanack Horoscope Moon Time: The Maple Flower Moon wanes throughout the period,...
Colorectal cancer preventable, with increased screening
Colorectal cancer preventable, with increased screening

Colorectal cancer screening has been proven to save lives. The Clark and Champaign County Colorectal Cancer Coalition has pledged to help increase colorectal cancer screening rates by supporting the “80 percent by 2018” initiative, led by the American Cancer Society (ACS), the Centers for Disease Control and Prevention (CDC) and the National...
Chamber: Springfield businesses, community growing greater together
Chamber: Springfield businesses, community growing greater together

The Chamber recently held its annual meeting that featured this year’s “Dream Big” theme for the Greater Springfield community, “Growing Greater Together!” This past year, the Chamber continued to stand in the gap and take on area challenges while seeking to help innovate and build a better sense of place for area businesses...
Enon’s 40-foot tall mound is second largest in Ohio
Enon’s 40-foot tall mound is second largest in Ohio

The second tallest mound in Ohio is in downtown Enon, with Miamisburg Mound being the tallest. These two mounds are 35 miles apart. Enon’s is listed in the National Register of Historic Places and is owned by the village. The mound is 40 feet tall. In the late 1800s, the mound was set in a circle of Osage and was tree crowned. The Enon Community...
Change in weather pattern to bring major warm-up for the region
Change in weather pattern to bring major warm-up for the region

The jet stream, which typically divides areas of colder and warmer air, is forecast to shift north of the Miami Valley by the end of the week -- and that means a warm-up for the region.  Highs are expected to climb into the 50s on Thursday -- more seasonable levels -- and then hit near 70 this weekend. That will be a noticeable change from Wednesday...
More Stories