A lot like the state operating budget, the capital budget is passed every 2 years, in the second year of the General Assembly. The capital budget is legislation where the State of Ohio appropriates resources to state owned infrastructure as well as other government purpose projects called community projects. Community projects make up only a […]
Ohio-based developer Make Build Ship, LLC has broken ground on a new 48,000 SF speculative industrial building in the Logan-Hocking Commerce Park in Hocking County. In partnership with the Hocking County CIC, Make Build Ship’s new, flexible speculative building brings turn-key industrial space to prospects needing anywhere from 6,000 SF to the full 48,000 SF […]
The Montrose Group is excited to share Rick and Meghan Hogrefe and the city of Sandusky’s selection to receive a $1 million JobsOhio Vibrant Community Grant Program award. In 2019, USA Today recognized the city of Sandusky as America’s “Best Coastal Small Town,” and for good reason. Prioritization by city leadership of revitalizing the downtown […]
Companies and customers are in desperate search for workers. Before COVID 19, a booming economy pushed the United States to full employment and a lack a skilled workers was the number one issue facing corporate site location projects. During COVID 19, many companies and customers simply cannot find any workers—skilled or unskilled. The labor force […]
Demographic data impacts corporate site location trends, and a region’s population growth plays an important role in deciding where companies may choose to retain or locate new jobs and capital investment. Demography is the study of the structure of the population in terms of size, characteristics such as age distribution and education, changes in the […]
The U.S. Department of Commerce’s Economic Development Administration (EDA) announced $3 B in programs funded by the American Rescue Plan Act (ARPA). EDA will invest in infrastructure, innovation, and workforce training to create good-paying American jobs and strengthen our nation’s global economic competitiveness focused on the following programs: Build Back Better Regional Challenge ($1 B). This […]
Not letting grass grow under his feet, Ohio Governor Mike DeWine announced the formal launch of the newly created Ohio Water and Wastewater Infrastructure Grant program. The Ohio Water and Wastewater Infrastructure Grant Program will award approximately $250 million to provide safe, reliable drinking water in areas that lack infrastructure, bring sewage treatment capacity to […]
Capitalizing on Ohio Rural Industrial Loan Program Funding Understanding How Ohio’s New State Operating Budget Will Impact Economic Development
The quality of a region’s infrastructure and transportation system directly impacts its chances for current and future economic success. Measures of infrastructure and transportation include a review of major highways, transit and airport systems, and level of traffic congestion that all impact the ability to do business. States like Ohio have a robust highway and […]
The global hunt for the next Amazon HQ2 or FoxConn deal almost always requires an extraordinary economic development incentive deal—a deal that generally has to go to a state government’s legislator to change state law to permit that deal to happen. These “megaprojects” are as big a job producer as can be found in a […]