Manufacturing and logistics are hot growth markets in today’s COVID 19 economy launching what could be seen as a second Industrial Revolution. A sites’ property tax rate and the availability of property tax abatement programs to provide an economic incentive for logistics and manufacturing projects both impact opportunities to gain these jobs. Shifts in consumer […]
State Representative Mark Frazier (R-Newark) introduced Ohio House Bill 123 to reform Ohio’s tax abatement law. Property taxes are a large cost for communities attempted to develop or redevelop land for housing, office, commercial or industrial uses. The large capital investment needed for these jobs producing projects often dramatically increase the property taxes applied to […]
In an age of a global pandemic and civil unrest, it is still critical to remember to economic prosperity accessible to all is a critical societal goal. A job truly can solve most societal challenges. However, in a hyper competitive global economy, jobs simply do not appear. Sound public policy, hardworking economic development leaders and […]