HB 69: Bill Would Revise Ohio TIF Law, Require Township Compensation Under Certain TIF Arrangements
Bricker & Eckler.
Ohio municipalities that use tax increment financing (TIF) to support economic development should be aware of significant legislation that was recently approved by the Ohio House of Representatives. Under Ohio House Bill 69 (H.B. 69), authored by Representative Bob Cupp (R-Lima), municipalities would be required to compensate townships for tax revenue diverted through certain TIF incentive arrangements. For details on this legislation, click HERE.
Senate President Larry Obhof of Medina has appointed City of Medina Economic Development Director Kimberly Marshall to the Ohio Public Works Commission.
The Public Works Commission provides financing for local public infrastructure improvements through both the State Capital Improvement Program (SCIP) and the Local Transportation Improvement Program (LTIP). SCIP is a grant/loan program for roads, bridges, water supply, wastewater treatment, storm water collection and solid waste disposal. LTIP is a grant program for roads and bridges only.read more
The Champaign Economic Partnership in Champaign County has found a new way to share good news about economic and workforce development – and local job postings: eleven xx-inch TV monitors strategically placed around the county.read more
The Ohio Economic Development Institute, a continuing education program for experienced economic developers, has graduated its first seven participants. Another 16 will complete the program in six months.
The program offers hands-on, practical training in economic development to career professionals with at least three years of experience in the field. The institute is facilitated through a partnership between the Ohio Economic Development Association, the Ohio University Voinovich School of Leadership and Public Affairs, and JobsOhio. Launched in 2016, it is the first state-level economic development certification program in Ohio.read more