Ohio Counties Eligible for State’s Rural Industrial Loan Program Primed for Development
The Ohio Development Services Agency recently launched the $25 M Rural Industrial Park Loan Program to promote economic development in eligible rural areas by providing low-interest direct loans to assist public and private sector organizations in financing the development and improvement of industrial parks and related off-site public infrastructure improvements in 35 of Ohio’s 88 […]
Ohio Launches Rural Industrial Park Loan Program to Spur Development
The Ohio Development Services Agency recently launched the $25 M Rural Industrial Park Loan Program (“RIPL”) to promote economic development in eligible rural areas by providing low-interest direct loans to assist public and private sector organizations in financing the development and improvement of industrial parks and related off-site public infrastructure improvements in 35 of Ohio’s […]
Florida Power & Light Engaged in Industrial Real Estate Development
The utility industry always has a great debate about how to support energy-intensive customers. Florida Power & Light’s (FPL) approach is to jump right into the industrial development marketplace to encourage the attraction of new business to their market. FPL has site control of the approximately 1,800-acre Crawford Diamond Industrial Park – a certified industrial […]
Connected Devices, Robotics &Artificial Intelligence Building the Digital Factory
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 […]
Michigan Offers a Range of Redevelopment Tools for Urban Projects
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 […]
Opportunity Zones Slowly Beginning to Gather Company Investments
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 […]
Turnover in Ohio General Assembly Brings New & Old Players to the Statehouse
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 […]
ODOT Offers Multiple Transportation Funding Opportunities for Local Communities
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 […]
Montrose Group Releases Rural Development White Paper: A Mandate for Transformation
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 […]
State Capital Budget Community Project Legislative Application Deadlines Set
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 […]
