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 that will help bolster support for the state’s agriculture community, health systems, and institutions of
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 restricted defeasance escrows, such as those often used in housing and other community-oriented private activity
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 of leaders:
- Darrell McNair, President & Chief Executive Officer, MVP Plastics Corporation
- Erika Anthony, Executive
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 aims to give its members the chance to actively participate in developing a qualified workforce.
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, educational programs, and other events. The space will include seating for approximately 1,500 fans. The
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, and research projects.
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 1 hr. CLE credit.
Economic Development Law and Regulation – Land Use Planning and Corporate
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 in which all or a portion of the parking spaces are reserved, i.e. non-public, when
H.B. 110 (Budget Bill) Highlights: New Changes Affect Ability to Add and Exclude Land to and from JEDDs
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