The Senate unanimously passed an amended version of S.B. 1 last week, creating the OhioMeansJobs Workforce Development Revolving Loan Program and using $25 million from the $200 million in casino licensing fees allocated to economic development to establish a fund for the program, according to the Gongwer Ohio Report. The Board of Regents will administer the program, which will allow public and private colleges, universities, and career centers to apply "for up to $100,000 total and individual student loans would be capped at $10,000 annually." For more, read the full text of S.B. 1.
Meanwhile, Ohio Reps. Dorothy Pelanda (R-Marysville) and Jack Cera (D-Bellaire) recently introduced legislation – H.B. 135 – that would amend the Ohio Revised Code to "authorize a nonrefundable credit against the income tax and certain business taxes for the rehabilitation of a vacant industrial site." For more, read the full text of H.B. 135.
Ohio Senate passes job training bill; site rehabilitation credit bill introduced in the House
