Comprehensive resource outlining the various federal, state and local tools available to businesses and economic development practitioners to help stimulate growth and job creation.
DevelopOhio Resource Center
Economic development in Ohio is changing. In the midst of ongoing global economic struggles, the state is redesigning the way it does business with public and private entities. At the center of this process is the restructuring of the Ohio Department of Development and the development of the private, nonprofit corporation JobsOhio. The goal of the transition is to reallocate resources, streamline services and make Ohio’s economic development system more nimble in efforts promoting key job creation initiatives.
With the passage of H.B. 489 and S.B. 314, also referred to as the JobsOhio II bills, clarity is surfacing as it relates to Ohio’s economic development landscape. The bills realign the functions of the Ohio Department of Development (ODOD), transferring certain roles and responsibilities to JobsOhio, leaving a leaner state agency called the Ohio Development Services Agency (ODSA).
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Rising U.S. shale gas production is driving fear out of the futures market and will constrain prices for the next two decades, says Goldman Sachs Group Inc. in a recent post by Bloomberg. Specifically, Bloomberg reports that Goldman Sachs is forecasting that natural gas will generally trade at $4 to $5 per million British thermal units for the next 20 years. It says gas prices were four times more volatile in 2009 than they are today as production grows for the ninth straight year and new pipelines deliver such gas to customers. For more, read the full story.