As the year comes to a close, we all have an opportunity to reflect on Ohio’s success as well as focus on our mutual strategy of creating jobs and opportunity in 2020.
The federal government’s Opportunity Zone program is beginning to gather investments in operating companies in markets across the United States. Opportunity Zones are a federal government program that provides capital gains tax relief for taxpayers who invest in real estate or qualified companies in one of 8700 certified sites in all fifty states and US territories.
The Cincinnati Business Courier, the Cincinnati USA Regional Chamber and the Minority Business Accelerator recently awarded Uptown Consortium, Inc. (UCI) with the Goal Setter of the Year award at the 2019 CLIMB Awards (Cincinnati Lifts Inclusion and Minority Business). This award highlighted UCI’s partnership with WEB Ventures LLC around its economic inclusion initiatives, especially surrounding the Uptown Innovation Corridor.
The holiday selling season is well underway.
It is an important time of year for retailers as holiday sales represents about 20% of the retail industry’s total sales.
Rural industrial parks can get a boost through an initiative now being offered by the Ohio Development Services Agency.
The Rural Industrial Park Loan Program, or RIPL, promotes economic development by providing low-interest direct loans to assist eligible applicants in financing the development and improvement of industrial parks and related off-site public infrastructure improvements.