Ohio Economic Justice & Social Impact Blog

News, Updates, and Analysis for Ohio’s Public and Private Owners and Developers

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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 1 hr. CLE credit. Economic Development Law and Regulation – Land Use Planning and Corporate Site Location What role does land use planning play in the corporate site location process? How can land use master…
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: Broadband: The language in the budget bill strips out the Senate’s proposed limits on existing and future municipal broadband networks. $230 million is appropriated in SFY 2022 and $20 million is appropriated in SFY 2023 new broadband expansion. Ohio Rural Industrial Park Loan…
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 in which all or a portion of the parking spaces are reserved, i.e. non-public, when such reserved use is determined to be necessary for economic development purposes. H.B. 110 also enacts new R.C. 5713.083 which…
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 buildings and revitalization of surrounding non-brownfield properties. The new grant program is called the Building Demolition and Site Revitalization Program. H.B. 110 provides that the Ohio Department of Development will determine eligibility for the new…
Recently enacted H.B. 110, the State of Ohio’s Budget Bill, has created a new grant program (O.R.C. 122.6511) to cover up to 75% of a project’s total cost to help remediate brownfields. The program, called the Brownfield Remediation Program, resides within newly renamed Ohio Department of Development (ODOD). H.B. 110 provides that the Director of Ohio Department of Development will determine project eligibility, project sponsor eligibility and administration for the new program pursuant to…
H.B. 110 has made certain changes to Ohio’s Joint Economic Development District (JEDD) law pursuant to newly enacted R.C. 715.72(A)(10), (11); and (J)(2). The new provisions relate both to the creation of a new JEDD or amending an existing JEDD Agreement. It requires new notices, new JEDD Agreement terms, and exclusions of land from JEDDs if any part of the JEDD is located either within one-half of one mile of a municipal corporation that…
Newly enacted R.C. 122.17(A)(11) and (D)(2)(c) creates a new “megaproject” designation in the state’s Job Creation Tax Credit program. The new provisions allow a tax credit of up to 30 years for very large projects, defined as at least $1B in capital investment or $75million/year in new payroll and average wages at least 300% of the federal minimum wage. The new provisions also allow JCTC recipients to include work-from-home employees in their job creation calculations…
H.B. 110 enacts new R.C. 122.17(C)(2) to establish a new rank-ordering of Job Retention Tax Credit application priorities (new R.C. 122.171(C)(2)). H.B. 110 makes a change to the State of Ohio’s Opportunity Zone tax credits (R.C. 122.84) to  increase to $2 million limits on credits awarded to individual taxpayers each fiscal biennium; H.B. 110 helps further define production contractors from those which may claim the state’s film and theater tax credit (R.C. 122.85); H.B. 110…
The Zanesville-Muskingum County Port Authority’s new National Road Business Park recently received the prestigious “Best Site Development or Building Project award” from Ohio Southeast Economic Development. The Port Authority hopes that the park, which has up to ten sites outfitted with water, sewer and electric services, will attract businesses to the area. The Port Authority noted that companies have been eyeing the site, which is ready to house commercial occupants. Read more at the…