The quality of a region’s infrastructure and transportation system directly impacts its chances for current and future economic success. Measures of infrastructure and transportation include a review of major highways, transit and airport systems, and level of traffic congestion that all impact the ability to do business. States like Ohio have a robust highway and […]

The global hunt for the next Amazon HQ2 or FoxConn deal almost always requires an extraordinary economic development incentive deal—a deal that generally has to go to a state government’s legislator to change state law to permit that deal to happen. These “megaprojects” are as big a job producer as can be found in a

Ohio, like many other Midwest industrial states, benefits from a wide range of local and state economic development programs. The recently passed state operating budget contained updates and enhancements to many of the Ohio economic development programs worthy of note. Ohio Jobs Creation Tax Credit Program.  The state of Ohio operating budget allows any business

The state of Ohio operating budget made substantial changes to state tax programs impacting corporate site location and economic development in the Buckeye State. These changes ranged from a state income tax reduction to changes in existing tax credit programs to modifications designed to grow venturer capital in the state. State Income Taxes.  The most

The state of Ohio, through their recently enacted state operating budget, created the Ohio Building Demolition and Site Revitalization Program within the Ohio Department of Development to award grants for the demolition of commercial and residential buildings and revitalization of surrounding properties on sites that are not brownfields. The growth of the industrial and multi-family

The state of Ohio’s recently passed operating budget recently passed included substantial funding for a newly created $350 M brownfield redevelopment program.  Brownfields are real property, and the expansion, redevelopment or reuse may be complicated by the presence of hazardous substances. Brownfield sites are sites contaminated by petroleum or petroleum products, sites contaminated by controlled

Even before the Work from Home movement was launched by COVID 19, the availability of broadband telecommunications network was an essential economic development tool. Access to digital services is reliant on a high-speed data services infrastructure. As the map below illustrates, rural communities throughout Ohio remain behind in the availability of broadband services. Governor Mike

The state of Ohio, through adoption of the biennial budget, approved new language to expand the eligibility criteria, along with renewed funding, for one of Ohio Development Services Agency’s highly subscribed industrial development programs. The Rural Industrial Park Loan Program (RIPL) promotes economic development across rural areas in the state. The program provides low-interest loans