AG Releases Ohio Economic Development Manual; OEDA Proud Partner in Effort

Sep 22, 2017 | News, Newsletter

Mike DeWine.
Ohio Attorney General.

In conjunction with OEDA and economic development professionals from across the state, the Office of the Attorney General has created the Ohio Economic Development Manual to help current and prospective businesses, local governments, and economic development practitioners better understand the legal landscape of economic development in Ohio.

The guide is a unique and valuable resource for questions about the legal framework for economic development in Ohio.

Click HERE for more information and to download the most current version of the manual.

Ohio Ports Eligible for $23 Million in Development Funding

A new program  — the Ohio Maritime Assistance Program program — is providing funding to ports along the Ohio River and Lake Erie or businesses within ports.

The Program began accepting applications from ports in late January and will continue through March 27. The program is making available $11 million through June 30 and an additional $12 million for the 12 months ending June 30, 2021.

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Large TIFs may be eligible for one-time extension opportunity

During fall 2019, the General Assembly changed Ohio law governing tax increment financing (“TIF”) exemptions in a big way.  For certain TIF projects, local communities can extend the exemptions – and therefore continue to redirect property tax millage to necessary public infrastructure improvements – up to 30 additional years. 

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