A newly designated economic development region, Lake to River Economic Development, will benefit not only its four member counties, but the state as a whole, Governor Mike DeWine said in an exclusive interview with the The...more
The Ohio Department of Development’s Governor’s Office of Appalachia recently released new details for a program that will infuse up to half a billion dollars into the 32-county region (see our September 21, 2022 blog...more
On Wednesday, February 9, the Ohio House concurred in Senate amendments to House Bill 51. Of particular interest is an uncodified provision authorizing public meetings to be held by teleconference, video conference or other...more
A new proposal in the Ohio legislature would render commercial and industrial Community Reinvestment Area (CRA) projects akin to “pre-1994” treatment. Ohio’s CRA program was initially created as a housing program in the late...more
Current JobsOhio senior director of engagement Glenda Bumgarner will leave that role to become the new president and CEO of the Appalachian Partnership, Inc. (API) at the end of August 2020, according to a recent Hannah...more
The Warren County Port Authority (WCPA)’s newly created Ohio Communities Accelerator Fund (OCAF) recently closed on its “first bond fund transaction,” a $7.5-million transaction for the Warren County Convention and Visitors...more
The recently passed Tax Cuts and Jobs Act of 2017 created an opportunity for states “to identify up to 25% of low-income, high-poverty census tracts” for consideration for federal tax breaks for economic development,...more
4/11/2018
/ Community Development ,
Economic Development ,
Investment Funds ,
Low Income Housing ,
Low-Income Issues ,
New Legislation ,
New Market Tax Credits ,
Opportunity Zones ,
Public Finance ,
State and Local Government ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Trump Administration
New rules by the nonprofit Governmental Accounting Standards Board [GASB] “can encourage local governments to be more transparent regarding their tax abatements,” says a report by Policy Matters Ohio, according to a recent...more
A new state rule requires joint economic development districts (JEDDs) to report and file certain information with the Ohio Tax Commissioner by February 12, 2018. Communities that have used JEDDs to support economic...more
Ohio Attorney General Mike DeWine recently released his 2017 Report to the General Assembly on Compliance with State Awards for Economic Development, which showed “an overall compliance rate of 78.3%,” according to a press...more