The Ohio Housing Finance Agency (OHFA) is working on drafting the rules for the newly created Single-Family Housing Tax Credit program that provides $50 million a year in ten-year tax credits, for four years, to incentivize the construction of new single-family homes for Ohio’s growing workforce. OHFA facilitates the development, rehabilitation, and financing of low- […]
The Ohio General Assembly has started the process to gain input from community leaders on what state of Ohio capital budget community projects and the newly created Community Investment Fund should be proposed for planned legislation. A lot like the state operating budget, the state capital budget is passed every 2 years, in the second […]
Ohio’s Supermajority Republican General Assembly, Republican slate of statewide officeholders and an overwhelming Republican Congressional Delegation does not mean the state’s voters will always following a conservative patch. Ohio voters in the November 2023 election proved that perspective when they voted in support of an abortion rights amendment to the Ohio Constitution and a legislative […]
The Great Lakes region’s housing stock is a critical corporate site location advantage. Housing is joining workforce development to become a major corporate site location issue. Regions not growing are failing to develop substantial residential growth. Finally, rural regions are losing population at an alarming rate and desperately need new residential products to retain existing […]
The Great Lakes states remain a manufacturing powerhouse. Manufacturing remains at the center of the Great Lakes economy. An important measure for these regions is their concentration in the company’s industry. Industry clusters are regional concentrations of related industries.[i] Clusters consist of companies, suppliers, and service providers, as well as government agencies and other institutions […]
Growing economic markets are prime targets for companies considering economic expansion. Growing markets illustrate a healthy economy that attracts large pools of skilled workers. The Great Lakes states are a growing economic market. The five Great Lakes States including Indiana, Illinois, Michigan, Ohio, Michigan, Pennsylvania, and Wisconsin have a total economic output as measured by […]
The Great Lakes states are primed for an economic renaissance. The Great Lakes Region includes eight states (Minnesota, Wisconsin, Illinois, Indiana, Michigan, New York, Ohio, and Pennsylvania) and two Canadian provinces (Ontario and Quebec) that surround the five interconnected freshwater bodies known as the Great Lakes. The area is home to 107 million people, 51 […]
Ohio is getting back into the venture capital business. Ohio’s Third Frontier Program, launched in the early 2000s under Governor Bob Taft pushed Ohio into the technology-based economic development world through the creation of the Third Frontier Program. The result of that program was the funding of regional venture capital programs throughout the state. Ohio […]
State of Ohio capital budget community projects and federal budget earmarks may appear to be similar funding sources but there are clear similarities and differences. Ohio capital budget community projects and federal budget earmarks are both similar and different—and not just based upon which city provides the funding. On the same side, both involve legislative […]
The Ohio General Assembly with the support of Governor Mike DeWine and Lt. Governor Jon Husted adopted a state of Ohio operating budget that contained an unprecedented $3 B plus in economic development program spending to prepare industrial sites, redevelop Brownfield, demolition of antiquated buildings, address Broadband challenges, spur housing and mixed-use investments, venture capital, […]