H.B. 289 would require approval from real property owners and lessees before a joint economic development district or zone could be approved, amended or renewed
On Tuesday, Ohio Rep. Kirk Schuring (R-Canton) introduced legislation to require subdivisions to obtain written approval from owners and lessees of real property located within a proposed or existing joint economic development zone (JEDZ) or joint economic development district (JEDD) before approving, amending or renewing the JEDZ or JEDD contract. Additionally, H.B. 289 would require that income tax revenue derived from a JEDZ or JEDD approved, amended or renewed after the bill's effective date be used to carry out the JEDZ or JEDD economic development plan before being used for other purposes. The bill also would institute contiguity requirements for JEDZ or JEDD territory. For more, read the full text of H.B. 289.
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