- 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 authorizes an income tax deduction
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 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.
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 neighborhood. The complex currently consists of 487 units, which will be replaced by 800 mixed-income rental homes.
This Choice Neighborhoods Implementation Grant is part of a larger push by community actors to revitalize the area. CMHA was approved for a…
Continue Reading Cleveland’s East Side awarded $35 Million HUD Choice Neighborhoods Implementation Grant
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 to aid low-income households in relocating to more prosperous communities. The demonstration will receive $45.7 million in total funding.
Through this demonstration, participating PHAs will provide over 10,000 families with children better access to low-poverty neighborhoods with high-performing schools…
Continue Reading Cuyahoga Metropolitan Housing Authority wins $5-million grant for mobility demonstration program bound to change lives
The City of Toledo announced yesterday that the City’s unimproved street resurfacing program has begun. In total, 109 streets are to be included in the City’s overall road construction program for this year, compared to seven streets that were fixed in 2020. Of the 109, 35 are unimproved roads.
Mayor Wade Kapszukiewicz said at a press conference that unimproved streets are often characterized by the lack of curbs and a gravel or rock surface.
Editor Comment: Ohio’s economic development…
Continue Reading Toledo begins repaving unimproved city roads
When Goodwill of South Central Ohio purchased a property belonging to the Chillicothe City School District, neighborhood residents were concerned about how a new warehouse (and potential future industry) would impact their community. Goodwill of South Central Ohio CEO Marvin Jones, a Tiffin native, hosted a meeting to listen to citizens’ concerns and Goodwill amended its zoning application so that only some of the land will be zoned for industry.
Read more in the Chillicothe Gazette here.
Continue Reading Goodwill Industries promises it won’t ‘split up the neighborhood’ at former Tiffin school