New look. New energy. New ways to get involved.

 

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.

 

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The Ohio Economic Development Association is committed to providing Ohio’s economic development community with resources to help practitioners best serve their business community during the COVID-19 outbreak. We believe one of the most helpful roles OEDA can play is curator; sifting through and summarizing the vast amount of information so you can focus on what you need as professionals.

COVID-19 RESOURCES CENTER

 

New look. New energy. New ways to get involved.

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THE STATEWIDE AUTHORITY ON ECONOMIC DEVELOPMENT ISSUES

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Expand Your Knowledge

 

Prepared professionals win.  OEDA provides professional development and continuing education for practitioners at every level through high-value conferences, courses, and trainings.  To help you stay current, we seek out important information from around the state to be your information safety net.  Our flagship program, the Ohio Economic Development Institute offers high-level, state-specific courses that are the pathway to earning the Ohio Certified Economic Development credential.

 

Expand Your Network

 

We know economic developers also learn from each other.  OEDA enables members to connect with peers from around the state– gaining knowledge, building relationships, and identifying resources.  Structured learning is important but our members value the opportunities OEDA provides to interact with fellow practitioners as well as consultants and related industry representatives.

 

Expand Your Influence

 

OEDA prides itself on being a preferred source of state economic development information for our members as well as legislators and policy makers. OEDA members receive a monthly legislative update on legislation being monitored by the advocacy team as well as timely breaking news on key bills. With members representing every county in Ohio, OEDA is a unique position to connect legislators with economic development professionals from their districts.

 

Stay Up to Date

 

OEDA is your partner for success at every step of your career.  Our foundational programs and services are designed to support you in your current position as well as preparing you for future career growth.  Whether it is through our jobs board, opportunities to connect, or your expansion of knowledge, OEDA opens doors and expands opportunities.

 

GENERAL NEWS

Hold the Date: July 26th – Community Rooted Economic Inclusion Playbook Webinar

The Ohio Economic Development Association is sponsoring a complimentary webinar on bringing equity and diversity to neighborhoods on July 26, 2021, 3 to 4:30pm. Sponsored in collaboration with the International Economic Development Council and the Brookings Institute, the Community-rooted Economic Inclusion Strategic Action Playbook argues that now is the time for community, city, and regional leaders to advance bold place-based solutions that foster long-overdue investment and opportunity within disinvested communities—and to do so in a way that benefits existing residents and small businesses within these communities.

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Substantial Transportation Funding Opportunities Blossoming

While this May has been cold, transportation funding opportunities are starting to heat up. The month of May brings with it funding opportunities for Ohio’s Transportation Improvement Districts (TIDs).  Ohio has 51 TIDs covering large areas of the state.  These intergovernmental agencies are designed to foster planning and cooperation among different counties and local governments to plan for regional transportation priorities.  TIDs have local, state and federal transportation funding sources upon which they can access. 

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ADVOCACY

Tracked House Bills – May 2021

State News:

State Controlling Board creates new fund accounts to accept federal stimulus:  On April 19, the Controlling Board approved Ohio OBM’s request for three new funds to accept the American Rescue Plan Act’s state and local government stimulus payments:

• State Fiscal Recovery Fund (5CV3) – To accept funds allocated to the state of Ohio from the State Fiscal Recovery Fund from the American Rescue Plan Act. Ohio is estimated to receive approximately $5.5B from the U.S. Treasury to be used for costs incurred through December 31, 2024.  Payments are to be made to the State from the U.S. Treasury within 60 days of certification of need by Governor DeWine.
• Local Fiscal Recovery Fund (5CV4) – To accept funds allocated through the State of Ohio from the American Rescue Plan Act to non-entitlement units of local government. Ohio local governments are estimated to receive $815MM in funds to be distributed within 30 days of receiving the funds to the local governments.  Counties and metro cities will receive Local Fiscal Recovery Fund allocations directly from U.S. Treasury and will not pass through the Ohio OBM.
• Coronavirus Capital Projects Fund (5CV5) – To accept funds allocated to the State of Ohio from the Coronavirus Capital Projects Fund from the American Rescue Plan Act. Ohio is estimated to receive $274MM to carry out critical capital projects directly enabling work, education, and health monitoring, including remote options, in response to the public health emergency. The U.S. Treasury is required to establish the application process for the funds no later than 60 days after the legislation’s enactment.

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Tracked Senate Bills – May 2021

Federal News: 

Searching for the signal within the white noise of economic data:  The change in the Consumer Price Index (CPI) in April unexpectedly jumped 4.2% year-to-year, its fastest pace of change since 2008.  On a monthly change basis, inflation rose by 0.8%.  The Federal Reserve Board, which has vowed action to keep inflation under control, was “surprised” by this recorded change in prices. 

The Fed and the Biden Administration’s economic advisors note that short-term inflation is to be expected as the economy awakens after a pandemic (which it has never done before).  Unlike previous eras of big government spending, the Fed now operates under a new mindset: accommodating a certain amount of short-term inflation, intervening to raise interest rates only if (1) inflation rises by 2% on a sustained basis over time, and (2) the economy reaches full employment (i.e., < 5% unemployment).

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Tracked House Bills – April 2021

State News:

Ohio’s $162.57B biennial operating budget proceeds through the General Assembly: On April 13, the House Finance Committee accepted a substitute version of HB 110, which was introduced with Governor DeWine’s proposed two-year budget.  The House has made many changes, including a decades’ long legislative fix to Ohio’s K-12 school funding.  The budget is further described in the legislative updates, below.

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Stay Connected

 

The best and the brightest practitioners have invested in their careers and communities by becoming members of the Ohio Economic Development Association. But, other top industries and organizations have as well.  Support for OEDA is support for the economic development profession and reflects these organizations’ commitments to growing the Ohio economy.

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