In October, Ohio Treasurer of State Robert Sprague announced a new program called the Ohio Gains. This initiative is aimed at putting the state treasury’s balance sheet to work for Ohioans. The proposal centers around three new investment reforms
Ohio Economic Justice & Social Impact Blog
News, Updates, and Analysis for Ohio’s Public and Private Owners and Developers
The Ohio Economic Justice & Social Impact Blog, published by Taft Stettinius & Hollister LLP, covers legal and policy developments related to economic justice and social impact within Ohio. Topics include state initiatives to support agriculture, healthcare, and higher education financing; legislative reforms affecting public investment and borrowing; workforce development partnerships; and community-focused economic development efforts. The blog also addresses regulatory updates on municipal bonds and private activity bonds, as well as local government transition planning and infrastructure projects with social and economic implications. It serves as a resource on how legal frameworks intersect with economic and social equity issues in Ohio.
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Latest from Ohio Economic Justice & Social Impact Blog
IRS Sets Releases New Rules For Private Activity Municipal Bonds
On November 10, 2021, the IRS released Rev. Proc. 2021-45 setting forth calendar year 2022 methodologies for establishing private activity bonds volume cap (state ceiling) as well as brokerage commissions on guaranteed investment contracts or investments purchased for a yield…
Mayor Elect Justin Bibb Announces Co-Chairs of Transition Team
A team of six co-chairs, representing local leaders in the labor, business, faith, and community sectors, will lead the Transition CLE process. The co-chairs represent a diverse and dynamic team, and we are grateful to be guided by this cross-section…
Canton Manufacturers Form Workforce Partnership
The new Stark County Manufacturing Workforce Development Partnership was created to spread valuable information about the manufacturing industry (and opportunities within it) for future workers. Twenty-four of Stark County’s more than five hundred manufacturers have already joined the organization, which…
Cedar Fair Considers Adding an Esports Arena in Sandusky
Cedar Fair is teaming up with Esports Development Co. to expand Cedar Point Sports Center by means of a new $28 million arena. While sports would be the focus of the project, the venue could also be used for concerts,…
CWRU and MetroHealth Extend Their Affiliation Through 2031
Case Western Reserve University and MetroHealth are extending their education and research partnership through June 30, 2031. The partnership is notable for the clinical learning opportunities the partnership offers to medical students. The renewal focuses on further developing education programs,…
Taft Attorney Raymond C. Headen to appear in National Economic Development and Public Finance Seminar – Filming Dates in August 2021 and Program Release Dates in September 2021
Raymond C. Headen will be appearing with a panel of national experts, including JobsOhio General Counsel Don Grubbs, for two economic development and public finance seminars to be released in mid-September 2021. For those who are lawyers, you can receive…
H.B. 110 Appropriation Items for Local Economic Development
The State of Ohio’s recently enacted budget bill includes economic development appropriations for Ohio Department of Development new and/or continuing programs.
Some of the major benefits of these appropriations are as follows:
…
H.B. 110 (Budget) Bill Highlights: New Tax Increment Financing (TIF) Law Changes
H.B. 110 – Ohio’s recently enacted budget bill – has changed the definition of “Public Infrastructure Improvement” in R.C, 5709.40(A) to add language which will now permit off-street parking facilities to be financed with PILOTs, including those off-street parking facilities…
H.B. 110 (Budget) Bill Highlights: New Grant Program to Help Building Demolition and Site Revitalization
In addition to the Brownfield Remediation Grant Program, H.B. 110 also creates within Ohio Department of Development (ODOD) a new grant program (new R.C. 122.6512) that covers up to 75% of a project’s total cost to demolish commercial and residential…