Technology’s disruption of manufacturing, logistics, healthcare and retail is here. The economic reality for many of these industries is that five years from now companies in these industries likely will operate more successfully with fewer workers not more than they have now. This productivity gain will come from the use of connected devices, robotics and […]
Companies interested in redeveloping an urban site in the state of Michigan can benefit from several public finance, tax incentive, and incentive programs designed to address the unique challenges presented by underutilized sites. Below is a brief Michigan urban redevelopment program listing and discussion with a particular interest in Detroit. Residential Property Tax Abatement/Neighborhood Enterprise […]
The federal government’s Opportunity Zone program is beginning to gather investments in operating companies in markets across 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 8700 certified sites in all fifty states and US […]
This General Assembly has seen a number of new faces along with some returning faces join the Ohio General Assembly this past year, not only due to last year’s election, but through appointments for open Ohio House and Ohio Senate seats due to resignations. We thought we would take the opportunity to highlight the 12 […]
Governor Mike DeWine and the Ohio Department of Transportation (ODOT) Director Jack Marchbanks rolled out the renewal of Ohio’s one-stop-shop autonomous vehicle and innovative mobility division, DriveOhio with the signing of an executive order. With the re-issuance of DriveOhio, Governor DeWine and the Ohio Department of Transportation are signaling their commitment to make Ohio a […]
The Montrose Group released A Rural Development White Paper: A Mandate for Transformation timed in conjunction with a forum held in Circleville, Ohio before 100 economic development, business and community leaders focused on rural economic development. A copy of the white paper can be found at https://montrosegroupllc.com/2019/10/rural-development-whitepaper-a-mandate-for-transformation/. Rural Communities across America face unique challenges and […]
The state of Ohio Capital Budget Community Project fund, which is expected to provide $150-$170 M in funding for arts, sports, recreation, workforce development, health care, and other economic development projects, has application dates set of January 10, 2020 for members of the Ohio House of Representatives and Ohio Senate to submit their project applications […]
With the support of Governor Mike Dewine, members of the Ohio General Assembly provide $25 M for the reinstituting of Ohio’s Rural Industrial Park Loan Program. Local economic development and real estate leaders for years have been calling for the development of additional sites in rural communities. Ohio’s rural communities have been facing substantial economic […]
Lt. Governor Jon Husted recently announced the formal launching of TechCred, a program that connects businesses with the talent they need and gives employees the ability to earn industry-recognized, technology-focused credentials, better preparing them for a job in today’s advanced, technology-infused economy. Through TechCred, businesses can identify the specific qualifications they need and employees they […]