Nearly 85 percent of companies and organizations that received economic development awards from the state of Ohio were in compliance with the requirements of those awards in 2015, according to State Attorney General Mike DeWine’s 2016 Report to the General Assembly. Of the 329 awards with a performance period ending in 2015, 279 “were in substantial compliance” for an “overall compliance rate of 84.8%,” according to a press release from DeWine’s office. In the press release, DeWine said, “[w]hile the state encourages growth in business, capital investments, and workforce retention and enhancement through incentives and training, it is imperative that these taxpayer dollars are used wisely.” The report lists compliance rates by category, with workforce awards at 100 percent, grants at 86.3 percent, tax credits at 80.0 percent, and loans at 82.8 percent. Recipients not in compliance may be subject to remedial action, according to the report. To read the press release, including a link to the full report, click here.
Ohio Attorney General’s annual report analyzes compliance rate for incentive awards
