Month: September 2022

The city of Columbus offers discretionary real property tax abatements to incentivize residential developments in targeted communities.  Columbus offers a 100% real property tax abatement on the growth in property tax for 100% of the tax for 15 years in areas recognized as a Pre-1994 CRA.[i]  Real property tax abatements operate in these areas as […]

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Ohio offers a range of tax incentives and public finance tools to develop residential projects.  These tools range from tax abatements to tax credits to sales tax exemptions to grants and loans to infrastructure funding. Community Reinvestment Act Tax Abatements.  Ohio law authorizes local governments to provide property tax abatements on new investments up to […]

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The City of Columbus implements Ohio’s statutory framework for land use regulation through the adoption of a city-wide comprehensive plan, but also regional land use plans gathered with input from community groups.  The Columbus zoning process permits amendments as well as variance and follows clearly defined steps as outlined below. Communities like the City of […]

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The growth in job creation in Central Ohio creates a substantial opportunity for residential development in Central Ohio.  In fact, meeting the demand for residential development in Central Ohio may be one of the larger public policy challenges for Central Ohio as the coming decades of large-scale growth occur.  Columbus is one of the top […]

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The Central Ohio region, anchored by Ohio’s capitol city of Columbus, is a fast-growing mid-sized metropolitan area in line with other large urban centers across the United States driven by population and economic growth. The 11-county Central Ohio region has a net gain of 238,000 people from 2010 to 2020 while the other 77 counties […]

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Demographics—statistics about the population of region affect how important decisions are made.  Companies research where to potentially grow their business will consider not just the economic growth of regions but the economic health of the region’s population. Demographic measures of Ohio offer a mixed bag with low population growth being the largest negative of the […]

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Ohio offers a substantial economic base upon which many companies choose to capitalize on but the state also struggles with stagnant population growth like most of the Industrial Midwest which threatens its long-term economic prospects. Defining the Ohio marketplace involves performing comprehensive market research of the state and its regions.  Market research begins to define […]

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The economic development incentive process begins with defining the project to learn about the industry, number of jobs, payroll and capital investment planned by a company, needs for the project site, and geographic markets that fit the company’s business plan… leading to the creation of a potential state and regional target list for the company’s […]

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