The April 2019 US Treasury regulations published provide a clearer road map for the use of Opportunity Zone in corporate site location projects. The new federal government program provides substantial capital gains tax relief for longer term investors in one of 8700 census tracts designated as Opportunity Zones covering all fifty states and US territories. […]
The April 2019 US Treasury regulations published provide a clearer roadmap for the creation of Opportunity Zone Funds. The new federal government program provides substantial capital gains tax relief for longer term investors in Opportunity Zones covering all fifty states and US territories. Key concepts central the Opportunity Zone program include: Qualified Opportunity Zones. 8700 […]
In a booming economy with the large Baby-Boom generation retiring, employers everywhere are asking government and economic development leaders for help to address the lack of skilled workers jeopardizing economic success. In fact, a recent study found that 65% of Ohioans need a bachelors’ degree, associate degree or certificate for the state to serve just […]
Few topics garner debate more in a state operating budget than how Ohio funds its K-12 schools. Ohio House Bill 166, Governor Mike Dewine’s state operating budget, and the response of legislators on the K-12 education funding prove the current operating budget will battle will be no different than past efforts. Ohio funds its traditional […]
As a part of Governor DeWine’s Investing in Ohio’s Future budget, the Governor proposed the creation of the Ohio Opportunity Zone Investment Credit. The newly created Opportunity Zone Investment Credit and the Ohio Qualified Opportunity Fund are modeled after the Federal Tax Cuts and Jobs Act of 2017. The federal tax reform legislation established the […]
Ohio’s newest budget proposal brings with it the continued focus on one of the largest state expenditures, the Ohio Medicaid program. Medicaid is a joint federal-state program that provides health care insurance to the poor. Medicaid has become a hot political topic recently with the expansion of Medicaid services provided primarily through federal government funding […]
Local governments have felt the pinch in a steady decline of state government funding to their coffers. Governor DeWine and Lt. Governor Husted in their recent budget release are making a commitment to the state’s local government partners. Governor DeWine demonstrated that partnership in his first budget proposal with the transportation budget and the increase […]
Ohio is among the top five states with the highest rates of opioid-related overdose deaths. In 2016, there were 3,613 opioid-related overdose deaths in Ohio—a rate of 32.9 deaths per 100,000 persons and more than double the national rate of 13.3 deaths per 100,000 according to the National Institute on Drug Abuse. Since 2010, the […]
In September 2017 Amazon issued a Request for Proposals (RFP) to Metropolitan Statistical Areas (MSAs) in North America to bid on a second Amazon headquarters. The prize for winning HQ2, as it was called, was $5 billion in new capital investment and 50,000 new jobs. Amazon received 238 proposals for HQ2. In the end, Amazon […]