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 […]
Ohio, like many other Midwest industrial states, benefits from a wide range of local and state economic development programs. The recently passed state operating budget contained updates and enhancements to many of the Ohio economic development programs worthy of note. Ohio Jobs Creation Tax Credit Program. The state of Ohio operating budget allows any business […]
The state of Ohio operating budget made substantial changes to state tax programs impacting corporate site location and economic development in the Buckeye State. These changes ranged from a state income tax reduction to changes in existing tax credit programs to modifications designed to grow venturer capital in the state. State Income Taxes. The most […]
The state of Ohio, through their recently enacted state operating budget, created the Ohio Building Demolition and Site Revitalization Program within the Ohio Department of Development to award grants for the demolition of commercial and residential buildings and revitalization of surrounding properties on sites that are not brownfields. The growth of the industrial and multi-family […]
The state of Ohio’s recently passed operating budget recently passed included substantial funding for a newly created $350 M brownfield redevelopment program. Brownfields are real property, and the expansion, redevelopment or reuse may be complicated by the presence of hazardous substances. Brownfield sites are sites contaminated by petroleum or petroleum products, sites contaminated by controlled […]