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.
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.
New look. New energy. New ways to get involved.
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GENERAL NEWS
ODOD releases rules and program guidelines for Brownfield Remediation Program and Building Demolition and Site Revitalization Program
The Ohio Department of Development (ODOD) released rules and associated program guideline documents (Brownfield Remediation and Building Demolition and Site Revitalization) to govern the disbursement of $500 million in total grant funds for distressed properties in Ohio. Governor DeWine’s signature of H.B. 110 on June 30, 2021, set in motion the creation of two massive funding sources that are now available to community and economic development stakeholders: Brownfield Remediation Program (see R.C. 122.6511) and Building Demolition and Site Revitalization Program (see R.C. 122.6512).
read moreCompanies Can Apply Now for Ohio Export Internship Program
The Ohio Export Internship Program matches businesses interested in growing exports with highly motivated college students who have taken export-focused coursework. The Ohio Department of Development offers participating small to medium-sized businesses a 50 percent reimbursement for the wages of the intern.
read moreGrowth of Ohio’s Bioscience Ecosystem Presents Incredible Opportunity
This is an incredibly exciting and auspicious time for Ohio’s bioscience, health and life sciences industries, with incredible growth and massive record investment in recent years. In 2020, bioscience companies in the state attracted a record $3.3 billion from sources including venture capital, exits, angel investment, federal research grants and other state initiatives.
read moreADVOCACY
Tracked House Bills – January 2022
Federal News:
Final Rule released for local governments’ use of ARPA funds: On January 6, the U.S. Treasury issued its 437-page Final Rule on the use of ARPA – Local Fiscal Recovery Funds. The Treasury published a high-quality overview describing its new guidance.
But which form of guidance to follow? Interim Rule or Final Rule? Treasury states that its Final Rule takes effect on April 1, 2022; prior to that date, “recipients may take actions and use funds in a manner consistent with the final rule, and Treasury will not take action to enforce the interim final rule if a use of funds is consistent with the terms of the final rule, regardless of when the [Local Fiscal Recovery Funds] were used” (U.S. Treasury, Statement Regarding Compliance with the Coronavirus State & Local Fiscal Recovery Funds Interim Final Rule and Final Rule, Jan. 2022, at page 1).
read moreTracked Senate Bills – January 2022
State News:
State Capital Bill requests to be due by March 18 to your legislators: We now know of the timeline set by the General Assembly and Governor DeWine’s Administration for the capital budget for 2022. In December, Senate Finance Committee Chair Matt Dolan (R-Chagrin Falls) announced the plan to (i) complete the capital re-appropriations budget by March 31 of funding already authorized projects and (ii) appropriations for new capital projects are to be due to state legislators by March 18. For new projects, legislators will submit their priorities by April 1.
read moreTracked House Bills – December 2021
Federal News:
Hello, Senator Manchin. It’s you again. President Biden’s Build Back Better Plan on the ropes: The Biden Administration’s multi-trillion dollar climate change and economic plan was torpedoed December 19 by Senator Joe Manchin III (D – West Virginia) during a television appearance.
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