Cincinnati, Cleveland and Columbus are often referred to collectively as the 3Cs and are major Ohio cities but they truly are separate entities—sometimes called city-states with not much else in common. From a macroeconomic standpoint, Columbus, compared to Cleveland and Cincinnati, is an economic mecca. 3Cs Demographic Comparison Fact Cincinnati Columbus Cleveland Population 298,800 860,090 […]
Measuring the impact of automation is a critical starting point for a community or company. Determining the potential job and wage losses and gains in a region matters obviously to the community’s economic development and political leadership. It matters as well to company’s considering locating in a region—they need to understand the economic vitality of […]
A handful of state Governors across the U.S. submitted their Opportunity Zone census tracts to the U.S. Treasury Department as required by federal law on March 21, 2018. Many states were granted a 30 day extension by Treasury and will submit their recommendations in April. The federal Opportunity Zone Program creates substantial capital gains tax […]
It started last week, when the temperatures reached 70 degrees. A lovely sneak peek of the season to come. I opened the windows, and tackled the counters, cabinets and appliances. With that, the annual ritual of spring cleaning was underway. Just as we wipe away winter in our homes, spring is a perfect time to […]
Love him or hate him, there seems to be no in-between, President Donald Trump has touched on at least one issue many Democrats and Republicans both believe needs to be addressed—infrastructure. Regions and states are struggling to finance their public infrastructure. A $170,000,000,000 infrastructure funding gap exists. Recently, President Trump announced a $1.5 T infrastructure […]
The availability of low cost, reliable energy is critical to economic success. Energy Lead Economic Development capitalizes on existing regional natural energy resources and creates wealth through long term sustainable development strategies. Energy is a heavily regulated industry at the state and federal level. Ohio deregulated the retail delivery of its electric and natural gas […]
The Ohio Department of Education publishes an annual Report Card to provide input on the performance of Ohio’s K-12 schools- traditional public and community schools. Ohio’s K-12 Report Card consists of the following elements: Achievement- number of students who passed and how they performed on the state tests; Gap Closing- measures performance expectations for vulnerable student populations; […]
The Ohio General Assembly introduced a $2.6 B state Capital Budget in companion bills, Senate Bill 266 and House Bill 529. The legislature generally approves a capital budget every two years with the goal of funding needed improvements to public services and facilities across the state, including schools, roads and bridges, waterways and parks. As usual, […]
The federal tax reform made thousands of changes to the US tax code but one in particular that has caught the attention of the economic development community is the new “Qualified Opportunity Zone” program. The Qualified Opportunity Zone program is designed to encourage investment in businesses that are located in low-income communities by permitting a […]
Too often, negative stories of potential job losses accompany discussions of the impact of automation. However, success stories of automation’s impact exist all over the United States in communities and companies. Growth has centered on robotics, Automated Vehicles (AVs), embedded and mobile technology, Automated Guided Vehicles (AGVs) and the disrupters of established industries. Robotics Robots […]