Author: Help Desk
JobsOhio Announces a $200M COVID 19 Response Agenda
JobsOhio is the state of Ohio’s private sector economic development corporation. The organization operates off of the state’s liquor profits and is one of the best funded state economic development organization in the United States. JobsOhio announced a substantial state economic development response to COVID 19. JobsOhio announced initiatives aimed at helping existing JobsOhio clients […]
Ohio Starts COVID 19 Response to Regulatory Relief and Business Support Program
Governor Mike DeWine, the Ohio General Assembly and JobsOhio are starting to push an agenda to provide COVID 19 regulatory relief and support for Ohio based companies. Governor Mike DeWine, the forty-year public servant who served in local, state and federal government at the highest levels, was attacked in the 2018 campaign for Governor as […]
Market Conditions/Force Majeure Can Protect Companies in Tax Incentive Agreements
COVID 19 is having a dramatic impact on many company’s plans for job growth and capital investment. Thousands of these companies have gained local and state economic development tax incentives which have a tax incentive agreement that award tax credits, tax abatements, loans and/or grants. However, in exchange for those public sector tax incentives, the […]
Economic development incentives in the age of COVID-19
We are in truly unprecedented times both economically and culturally. In the span of one week the S&P 500 suffered its largest loss in one day since 1987 and its largest gain in one day since 1933. We entered a bear market two weeks ago only to have it turn into a bull market by […]
Federal Stimulus Pumps Funding into USDA to Support Rural Economy
Through the $2.2 Trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, the U.S. Department of Agriculture (USDA) will receive funding across many of its most vital programs to support the agriculture industry sector and rural America. Overall, the bill will send roughly $48.9 Billion to the USDA, which does not include added funding for […]
Federal Stimulus Legislation Bolsters CDBG Funding and Requirements Modified to Support Small Business & Community Needs
The Department of Housing and Urban Development Community Development Block Grant (CDBG) program addresses community development efforts all over the United States. The federal Stimulus legislation dramatically increased CDBG funding and added flexibility to program rules to support small business and community’s impacted by COVID 19. CDBG funds are directed to community development activities that […]
Federal Stimulus Bolsters EDA’s Economic Adjustment Assistance Program – What can this do for your community?
The U.S. Department of Commerce’s Economic Development Administration (EDA) is traditionally at the point of the spear for the federal government related to economic development program. The recently Congress recently provided the EDA with $1.5 B in supplemental funding for the Economic Adjustment Assistance program, of which 2% is carved out to support ‘salaries and […]