Governor John Kasich has approved ten projects throughout the state that will create nearly 350 new jobs. The economic development proposals that Kasich approved are expected to bring $17.4 million in new payroll, and spur nearly $8.7 million in investment statewide.

The Cincinnati USA Regional Chamber's Minority Business Accelerator (MBA) has announced the launch of the L. Ross Love GrowthBridge Fund. The MBA is the Chamber's hallmark economic development initiative focused on growing sizeable minority firms, providing flexible debt capital to finance growth projects of established, highly-competitive, African American and Hispanic-owned firms in the region.

The application period for Round 12 of the Ohio Historic Preservation Tax Credit program is now open. A total of $30 million in tax credit allocation is currently available for Round 12 applicants. Please note that applications must be submitted (not postmarked) to the Office of Energy and Redevelopment by 5:00 p.m. on Monday, March 31, 2014.

Townships would lose the ability next year to ask voters to approve a new income-tax-generating zone under a bill that passed the Ohio House. The joint economic development zones are arrangements between townships and municipalities that allow the townships to share revenue from an income tax – a money-making option that townships aren't allowed to exercise on their own.

The institute will be led by the University of Michigan, Ohio-based manufacturing technology nonprofit EWI and The Ohio State University. More than seven universities, 17 non-industry members, and 30 companies – including Alcoa, Boeing, Honda, and General Electric – will participate in the collaboration.

Huntington National Bank will finance tenant improvements and other project-related costs for the Victory Center development, while state and federal tax credits, provided financing to help complete the Core and Shell infrastructure. The $26.6 million project received a $4.2-million Historic Tax Credit Award from the State of Ohio in December 2011. The project will generate another projected $3.7 million in Federal Historic Tax Credits.

September 9, 2014 - Columbus, Ohio
Join the CDFA Ohio Financing Roundtable this September 9, for our sixth annual conference focused on "Development Finance Best Practices: Programs and Tools that Work." This one-day conference will feature a number of economic development finance experts and leaders from around the state discussing new development finance tools, resources, authorities, and approaches and how these methods can move Ohio's economy forward.

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This factsheet from the OSU Extension explains Joint Economic Development Districts (JEDDs), how they are formed, how they work, advantages and what they can do for a township, city or village.

Interpreting language from the Ohio Revised Code 715.691, this summary outlines the major provisions of a Joint Economic Development Zone (JEDZ), including qualified entities, purpose, how they levy income taxes and other rights and restrictions.

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