The Shifting Economic Development Tide – Housing and Corporate Site Location
Economic development organizations and communities have become accustomed to the traditional corporate site location process that positions sites for investment opportunities. EDOs have spent decades working to build and market an inventory of shovel-ready sites, equipped with water, sewer, electric, gas, broadband, and roads at the “front door” to those sites; communities have established incentives […]
Montrose Group Proud to Participate in NorthPoint Development Toledo Trade Center Groundbreaking
After successfully advocating for the development of a Public-Private-Partnership on behalf of Kansas City based industrial developer NorthPoint Development, Montrose Group was proud to participate in the groundbreaking for the Toledo Trade Center. The Ohio Department of Development provided a $9.9 M Ohio Brownfield Redevelopment Grant that enabled the former NorthTowne Mall site in North […]
Columbus Uses Property Tax Abatement to Drive Workforce Housing Development
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 […]
Ohio Local Economic Development Incentive Program Prime Residential Pump
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 […]
Columbus Zoning Process Driven by Development Department with Community Input.
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 […]
Central Ohio is not meeting the demand for residential development.
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 […]
Central Ohio is a Growing Market Attracting a Young, Educated Workforce
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 […]
Montrose Law Firm Central Ohio Residential Development White Paper
Opportunity Ohio 2022 Forum Presentation
Ohio Offers Strong Demographic Measures but Struggles with Population Growth
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 […]
