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The Ohio Economic Development Association is more than just a new website. There’s a new energy at OEDA, reflecting those we serve. As the professional association for economic developers, our new brand reflects our members– dynamic, on-the-move, decisive, knowledgeable, informed, engaging. The Ohio Economic Development Association is committed to helping our members expand their knowledge, expand their network and expand their influence. So, come join us as we work to expand your opportunities.
New look. New energy. New ways to get involved.
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GENERAL NEWS
What You Can Learn from How NASA and SpaceX Market Rockets
Back in February, I saw the SpaceX Falcon Heavy launch from Kennedy Space Center near Cape Canaveral, Florida. I was four miles away from the launchpad, and it was one of the most amazing things I’ve experienced. That’s not pertinent to this story, but I like to brag about it.
read morePipeline H2O Fostering the Next Wave of Water Technology
Water is one of the most vital substances on Earth. It’s a fundamental part of our everyday lives, powering some of our most basic human needs, like hydrating, bathing and cooking. But water is not automatically usable in all forms—throughout history we have made adaptations, such as treating water to rid it of contaminants for our consumption or harnessing its power for electricity. Water remains one of the most crucial components of our everyday lives, which is why Pipeline H2O in Hamilton, Ohio, is fostering the next generation of water technologies.
read moreVotes Boost Cargill, Airport Building Projects
Real estate deals near Dayton International Airport and at Cargill in Sidney got a big boost Monday.
The Dayton-Montgomery County Port Authority Board of Trustees voted unanimously Monday to boost both business expansions, approving deals that will shield construction projects at both sites from state and local sales taxes.
The trustees approved a capital lease financial structure to exempt from sales taxes a $175 million expansion at the Cargill refining plant in Sidney, a project expected to add 12 jobs to a workforce of 293 people.
read moreADVOCACY
Tracked House Bills – June 2018
State Legal and Legislative Activity:
House Elects New Speaker: After being unable to conduct business for almost two months due to the April resignation of former Speaker Cliff Rosenberger, the Ohio House of Representatives elected Representative Ryan Smith (R-Bidwell) as Speaker June 6 after a lengthy Session. House members nominated four candidates for Speaker of the House from the floor: Representative Smith; Representative Andy Thompson (R-Marietta); Representative Jim Hughes (R-Columbus); and Minority Leader Fred Strahorn (D-Dayton).
read moreTracked Senate Bills – June 2018
SB 309 TAX CREDITS (Peterson, B., Kunze, S.) Introduced June 7, 2018, this bill would lengthen the maximum term of the job creation tax credit for businesses making substantial fixed asset and employment investments (and meeting the definition of “megaprojects” as set forth in the bill) and for their suppliers, to authorize commercial activity tax exclusions for receipts of those suppliers from sales to such businesses, and to authorize local governments to grant longer term property tax exemptions for such businesses or suppliers. On June 19, it was referred to the Ways and Means Committee.
read moreOpportunity Zones Program Update
The Opportunity Zone Program is a new federal economic development program approved in December’s tax reform law. The program establishes “Opportunity Zones” in areas that meet certain census-tract criteria (low-income and high poverty). Third parties will then establish “Opportunity Funds”, which will be investment vehicles organized with the specific purpose of investing in assets in the designated Opportunity Zones.
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