Ohio enacts new limitations on joint economic development zones
On June 5, 2014, Gov. John Kasich signed Sub. H.B. 289 into law. The bill imposes sweeping limitations on the use of joint economic development zones (JEDZs) and establishes municipal utility districts for economic development purposes. The authority to create a new JEDZ, or to make a substantial amendment to an existing JEDZ agreement, expires January 1, 2015. The bill was passed as an emergency measure and takes effect immediately. For more, click here.
