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Mar 05, 2015

JobsOhio reports increased growth in 2014, plans to continue momentum in 2015
 

JobsOhio, a nonprofit corporation that works to drive job creation and new capital investments in the state, released its 2014 Annual Report and 2015 Strategic Plan, which reflects a significant increase over 2013, according to a recent press release. JobsOhio, along with its Network Partners, “successfully assisted 276 companies that committed to create 21,377 new jobs for Ohioans and make $6.1 billion in new capital investments,” according to the release. Those new commitments represent increases of nearly 20 percent for new jobs and 72 percent for capital investments over 2013 year-end metrics. JobsOhio’s strategic plan for 2015 is to “remain focused on accelerating job growth and increasing capital investment across businesses of all sizes” as well as to “ramp up efforts to strengthen workforce development programs.” To read the full 2014 report and 2015 plan, click here


 
Posted by R. McCarthy in  JobsOhio/ODSA   |  Permalink

 

Feb 25, 2015

Dublin looks at new economic tool for Bridge Street District development
 

Dublin City Council is hoping to use a New Community Authority (NCA) “to encourage development in the Bridge Street District,” ThisWeek Community News reports. The NCA would, if approved and established, “help Crawford Hoying develop the area . . . that lies east of Riverside Drive and north of state Route 161,” according to the article. That area would be called Bridge Park East, and it “is expected to bring offices, apartments, condos, retail space, restaurants, a hotel and more to the area.” The NCA would levy service charges to be used to fund parking structures and “public facilities such as a performing arts center.” Dublin City Council member John Reiner said of the proposed NCA, “[w]ith this the city is not putting city tax money or its financial situation in jeopardy. It’s a very interesting and positive possible scenario for the development of Bridge Street.” Several steps remain in the process to establish the NCA, including a public hearing, approval from the city council, and the appointment of representatives to a board of trustees. For more, read the full article.


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

 

Feb 23, 2015

HB 72 would authorize port authorities to create energy special improvement districts
 

A bill recently introduced in the Ohio House would enable port authorities to finance and coordinate special energy improvement projects through the creation of energy special improvement districts. State Representative Margaret Conditt (R-Liberty Township) introduced House Bill 72 (HB 72), “[t]o authorize port authorities to create energy special improvement districts for the purpose of developing and implementing plans for special energy improvement projects and to alter the law governing such districts that are governed by a nonprofit corporation.” To read the entire text of the bill and to follow its development, click here


 
Posted by R. McCarthy in  State Updates   |  Permalink

 

 

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