Large-scale economic megaprojects that land in a state do not just bring the jobs and capital investment for these B-dollar projects but also carry with them Bs in additional economic investment from companies that serve as a supply chain for the facility. Auto assembly plants were the 20th Century version of a megaproject—with hundreds of […]

The state of Ohio created the Ohio Megaproject Program to prepare for large scale corporate site location projects in the state of Ohio operating budget in 2021. The timing was perfect. The Ohio Megaproject Program creates the basis for much of the $2 B in economic development incentives that were used to recruit the $20B

Capitalizing on an amendment to the Ohio Rule of Professional Conduct 7.5 that permits Ohio law firms to use trade names, David J. Robinson, Attorney at Law, LLC has changed its brand name to the Montrose Law Firm, LLC. Montrose Law Firm, LLC will continue its focus on economic development legal matters with a multi-disciplinary

Harrison Crume joined the Montrose Group, LLC as their Manager of Economic Development. The Montrose Group, LLC is a leading economic development and public policy lobbying consulting company based in Columbus, Ohio but serving clients across the United States. As Manager of Economic Development, Harrison Crume will utilize his research and writing skills to serve

Alabama. Nature’s Earth Products plans to double the manufacturing capacity of its environmentally friendly products at its facility in Pickens County. The company will install a new production line with updated equipment that will boost efficiency at the facility, as well as produce wood pellets for BBQs. The Pickens County Commission is supporting the Nature’s

Ohio Governor Mike DeWine launched the Ohio BUILDS – Small Communities, Big Impact – A Plan for Appalachia” legislative initiative that would provide $500 M to support local initiatives to revitalize downtown districts, enhance quality of life, and help rebuild the economies of Ohio’s Appalachian counties. Appalachian Ohio is a bioregion and political unit in the southeastern

Recently, bipartisan federal legislation was introduced to strengthen and improve Opportunity Zone policy in the United States. Opportunity Zones are a federal government program that provides capital gains tax relief for taxpayers who invest in real estate or qualified companies in one of more than 8,700 certified sites in all fifty states and U.S. territories.

The Ohio Department of Development released updated guidance and information for the next funding round for Ohio’s Transformational Mixed-Use Development Program (TMUD). The department announced the opening of the application window for submission beginning May 18, 2022, and final applications due by Friday July 8, 2022. In March of this year, the Ohio Tax Credit

Alabama. Governor Kay Ivey signed House Bill 391, sponsored by Rep. Steve Clouse (R – HD93) and Sen. Tom Butler (R – SD2), into law, providing relief from the business privilege tax for Alabama small businesses. When fully implemented, the exemption is projected to save the state’s small businesses an estimated $23 million a year.

The Congressional Research Service notes in An Overview of Rural Credit Markets notes that access to financial services, specifically credit products, varies in rural areas as compared to urban areas.  The Federal Reserve concluded that 40% of rural counties lost community bank branches between 2012 and 2017.  Nonbank financial firms are often found in metropolitan