DevelopOhio

Etna Township and the City of Reynoldsburg are “in the process of completing two joint economic-development districts, or JEDDs, near Rt. 40 and Mink Street (see our December 16, 2015 blog post),” as they plan for anticipated development brought in by the new Amazon distribution center, The Columbus Dispatch reports. The districts will allow Reynoldsburg to collect a “1.5 percent income tax on those who work in the districts” as well as collect taxes from business that develop there. Prologis, an operator and developer of industrial real estate, “has already expressed interest in developing” some of the property in one of the districts. The revenue the districts generate “will be used to create and maintain public infrastructure and attract companies.” Etna will receive 70 percent of the net revenue, while Reynoldsburg will receive 20 percent and the remaining 10 percent will go to the JEDD board, which consists of “one member each to represent the city, township, the businesses within the district and those working in it, plus one chairperson.” That board will assign funds to projects within the JEDD as needed.