May 19, 2021 | Advocacy
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).
May 19, 2021 | News, Newsletter
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.
May 18, 2021 | News, Newsletter
Spooky Nook, the massive indoor sports complex and hotel under construction in Hamilton, has announced its first retail tenant as the project nears its targeted completion date by the end of this year.
Municipal Brew Works, which opened in Hamilton in 2016, inked a 15-year lease earlier this month to operate its second location from the development’s Mill Two, which will also house Spooky Nook’s 233-room on-site hotel. Owners Jim Goodman and Mark Jackson told me the expansion will allow Municipal to brew more experimental beers. Demand at its original site on High Street is so high that it doesn’t allow for a lot of that now.
May 18, 2021 | News, Newsletter
The United States Treasury Department on May 7, 2021, released the first batch of guidance on how local, state, tribal and territory governments can use the $350M in American Rescue Program Act (ARPA) funds.
May 17, 2021 | News, Newsletter
The Clinton County Port Authority is marking National Economic Development Week from May 9-15, 2021, to celebrate the contributions of positive economic development and discuss the role of the profession in the local community.
