OEDA Secures Important Changes to Enterprise Zone Program
Ohio Enterprise Zone Sunset Provision Removed in State Budget.
OEDA secured a legislative victory on an issue important to many of its members as part of the grueling state budget deliberations and debate. Under existing law, the Ohio Enterprise Zone program was set to sunset in just a few short months on October 15, 2017. OEDA has been successful in securing several two-year extensions for the program in recent budget cycles. While this maintained the program, the very inclusion of the sunset provision was cause for uncertainty and concern.
With the October 17 date looming, OEDA worked with its legislative agent, Bricker & Eckler, to educate lawmakers of the importance of this economic development tool and shared its concerns with the sunset provision. OEDA sought to have the sunset provision removed in its entirety in HB 49 rather than extended for another two-year period.
OEDA was able to secure an amendment to the “as introduced” version of the state budget (HB 49) during deliberations in the Ohio House. The association’s legislative team worked closely with the vice chairman of the Ohio House Finance Committee, Rep. Scott Ryan, to secure this important amendment. The provision was reflected in the “substitute” version of the budget bill, passing through the Ohio Senate, conference committee and gubernatorial vetoes.
OEDA wants to thank our members for their work and support on this issue. Many members spoke with their local legislators to reinforce the importance of the Enterprise Zone Program in their respective communities. The ability to “localize” an issue and educate legislators on the impact to their communities is a critical part of OEDA’s education and advocacy efforts. Thanks again to all who helped secure this legislative victory!
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 more
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 more
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 more