Bricker & Eckler LLP



Sep 19, 2014

Local governments in Warren County make a change in development partner

Warren County’s six chambers of commerce have “united and asked development agency REDI Cincinnati to represent them in attracting new business development and retention through JobsOhio,” the Dayton Daily News reports. Martin Russell, Director of Economic Development for Warren County, said that the communities want to work together under the same development agency instead of being split between Dayton Development Coalition and REDI. Russell explained that the communities “wanted to make a move that got rid of the division inside of Warren County.” The Coalition has previously coordinated development in the Dayton and Springfield areas, including Butler County and Warren County north of Ohio 63. According to JobsOhio, the Coalition “will still lead deals to grow the region’s aerospace industry.” For more, read the full Dayton Daily News article

Posted by R. McCarthy in  JobsOhio/ODSA  Regional Updates   |  Permalink


Sep 18, 2014

Southern Ohio Port Authority and Lawrence County form partnership for development

The Southern Ohio Port Authority (SOPA) and the Lawrence County Economic Development Corporation are partnering “to bring development to the area between Wheelersburg and Hanging Rock,” reports SOPA Executive Director Jason Kester said there is a current emphasis on regional economic development “because nobody has enough assets of their own, to go at it alone.” Kester noted that the two agencies are looking for property that they can purchase together; their biggest hurdle, he said, will be “finding sufficient funding to execute the plan” to buy the property and for the necessary engineering. For more, read the full article

Posted by R. McCarthy in  Regional Updates   |  Permalink


Aug 20, 2014

COST Issues 2014 Report on State and Local Tax Burden

The Council on State Taxation (COST) has issued its 2014 study on the state and local business tax burden by state. The report, "Total State and Local Business Taxes: State-by-State Estimates for Fiscal Year 2013," prepared by Ernst & Young LLP, focuses on fiscal year 2013. According to the study, the overall tax burden on businesses increased for the third consecutive year. The study includes information from all 50 states and the District of Columbia. The taxes studied include business property taxes; sales and excise taxes paid by businesses on their input purchases and capital expenditures; gross receipts taxes; corporate income and franchise taxes; business and corporate license taxes; unemployment insurance taxes; individual income taxes paid by owners of non-corporate (pass-through) businesses; and other state and local taxes that are the statutory liability of business taxpayers. A copy of the study may be viewed here.

According to the study, the state and local business tax burden rose an average of 4.3 percent nationally in 2013. Ohio’s tax burden increase was below average at 3.7 percent, placing it 28th among states in terms of the increase. The single tax that businesses paid the most in Ohio was the property tax, followed by the state sales tax. Overall, businesses in Ohio paid approximately $20.4 billion in state and local taxes, which amounts to 4.1 percent of the Gross State Product, below the national average of 4.7 percent.

Posted by M. Engel in  Regional Updates  State Updates   |  Permalink


Aug 14, 2014

Bricker & Eckler LLP’s Price Finley recognized with CDFA Excellence Award

The Council of Development Finance Agencies (CDFA) recently announced the winners of the 2014 CDFA Ohio Financing Roundtable Excellence Awards. CDFA and CEO President Tony Rittner said in the press release, “[e]ach year CDFA is proud to honor excellence in development finance. The work of our award winners is cutting-edge, innovative and an example of best practices in our industry.” Bricker & Eckler LLP partner Price Finley was awarded the CDFA Excellence Award in Leadership for “his leadership and his role in advising the City of Upper Arlington for the successful implementation of the Lane Avenue Mixed Use project,” according to the release. Finley will receive his award at the annual Ohio conference in September 2014. 

Posted by R. McCarthy in  Professional Associations   |  Permalink


Aug 13, 2014

Bricker & Eckler LLP attorneys to present at MODE’s program on changes to Sunshine Laws

Bricker & Eckler LLP attorneys Maria Armstrong, Katie Johnson, and Chris Schmenk will present at the upcoming Mid-Ohio Development Exchange (MODE) program entitled Project Sunshine. Project Sunshine will be held on Thursday, August 21, at 11:30 a.m. at Everal Barn and Homestead in Westerville. Please join us for discussion of recent changes to Ohio’s Sunshine Laws that affect economic development projects throughout the state. For more details, and to register, click here.

Posted by R. McCarthy in  Professional Associations   |  Permalink


Aug 01, 2014

Colerain JEDZ approved for November ballot

At least one Joint Economic Development Zone (JEDZ) proposal is proceeding to a vote despite the recent legislation to phase out authority for new JEDZs (see our June 9, 2014 blog post about this for more). Voters in Colerain Township will vote in November on a proposed JEDZ with Harrison after the Colerain Township Board of Trustees voted unanimously to allow the measure on the ballot, according to a article. If approved by voters, the JEDZ would create “a 1 percent payroll tax for nonresident workers,” to be spent only for infrastructure, according to the article. Township Board President Melinda Rinehart “said the unrelenting cuts to township funding from the state have left the township with few options,” and she said, “[t]his was one of our only alternatives to property tax, and they are taking it away. We need to take advantage of the opportunity while we still have it.” For more, read the full article

Posted by R. McCarthy in  Regional Updates   |  Permalink


Jul 31, 2014

Port of Greater Cincinnati Development Authority announces new EB-5 public finance program

The Port of Greater Cincinnati Development Authority recently announced “it has established a public finance program to make available EB-5 financing as an option for qualifying job-creating capital projects in Cincinnati and Hamilton County,” according to their press release. EB-5 stands for Employment-Based Fifth Preference Program, a program of the U.S. Citizenship and Immigration Services. According to the release, EB-5 “was created by Congress in 1990 to stimulate job creation. It is a vehicle for foreign nationals to make capital investments in U.S. Economic Development projects. Foreign nationals receive expedited consideration for U.S. residency in return for making a minimum capital investment of $500,000.” In a article, port authority President and CEO Laura Brunner said EB-5 "is a new tool for the Cincinnati area, and we see ample evidence that this capital source will add value to our development community and to the prosperity of our region. EB-5 capital is easily leveraged with tax-increment financing and other development financing programs." For more, read the full release and the full article.

Posted by R. McCarthy in  Financial Incentives  Regional Updates   |  Permalink


Jul 30, 2014

Samuel Adams partners with ECDI to help more small businesses in Ohio

Samuel Adams recently named Ohio’s Economic and Community Development Institute (ECDI) as its official Cincinnati lending partner for its Samuel Adams Brewing the American Dream program, which provides microloans and business coaching for small businesses in the food, beverage, craft brewing and hospitality industries, according to a news release. Jim Koch, founder of Samuel Adams, said in the release, “Small businesses are so important to our economy, but running a small business is not easy. We look forward to helping more passionate entrepreneurs … and are excited and eager to help more Ohio small businesses in particular through our expanded partnership with ECDI.” ECDI has been the program’s Columbus lending partner since 2012. The program often helps “small businesses that traditional lenders won’t work with” and “has provided over $3 million in microloans to more than 350 small businesses” as well as business coaching to more than 4,000 small business owners since it began in 2008. For more, read the full release.

Posted by R. McCarthy in  Regional Updates   |  Permalink






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