Ohio Economic Justice & Social Impact Blog

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

Latest from Ohio Economic Justice & Social Impact Blog - Page 2

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,
Continue Reading H.B. 110 (Budget) Bill Highlights: New Grant Program to Help to Remediate Brownfields

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
Continue Reading H.B. 110 (Budget Bill) Highlights: New Changes Affect Ability to Add and Exclude Land to and from JEDDs

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
Continue Reading H.B. 110 (Budget Bill) Highlights: Changes in Law Pertaining to “Mega Projects.”

  • 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


Continue Reading H.B. 110 (Budget Bill) Highlights: Changes in Law Relating to Ohio Tax Credits and Income Tax Deductions for Economic Development Purposes

H.B. 110 makes changes to the eligibility criteria and investment requirements to ODOD’s Rural Business Growth Program (R.C. 122.151) and requires new types of applications to be accepted by ODOD within 30 days of the budget bill’s effective date.
Continue Reading H.B. 110 (Budget Bill) Highlights: Changes to Ohio Department of Development’s Rural Business Growth Program (R.C. 122.151)

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
Continue Reading Port Authority’s National Road Business Park Honored as Best Site Development

The U.S. Department of Housing and Urban Development announced that it is awarding a $35 million grant to the Cleveland Metropolitan Housing Authority (CMHA) and the City of Cleveland to rebuild an aging public housing complex in the Cleveland’s Buckeye-Woodhill
Continue Reading Cleveland’s East Side awarded $35 Million HUD Choice Neighborhoods Implementation Grant

Rather than using the State of Ohio’s Chapter 166 Loan Program, the Lawrence Economic Development Corporation (LEDC) recently found that the newly refunded State of Ohio Rural Industrial Park Loan (RIPL) Program was a better fit to finance the construction
Continue Reading Ohio Rural Development Loan Program Successfully Finances Two New Spec Industrial Buildings in Lawrence County

The U.S. Department of Housing and Urban Development (currently led by former Ohio 11th District Congresswoman Marcia Fudge) has selected Cuyahoga Metropolitan Housing Authority (CMHA) as one the lead public housing authorities (PHAs) to participate in a six-year demonstration project
Continue Reading Cuyahoga Metropolitan Housing Authority wins $5-million grant for mobility demonstration program bound to change lives

This Federal Reserve Bank of Cleveland Policy Summit is a regional conference that explores solutions at the practitioner and policy levels to challenges that low- and moderate-income communities face. The biennial multi-day event offers its audience of researchers, academics, practitioners,
Continue Reading Blog Highlight – Federal Reserve Bank of Cleveland – Policy Summit 2021 Pathways to Economic Resilience in our Communities – June 23-25, 2021 virtual conference