Study gives Ohio mixed reviews for tax incentive evaluation and implementation
In a Pew Research Center study, Ohio received mixed reviews for the way it evaluates and implements tax incentives used to attract businesses and create jobs. Researchers found that Ohio has begun to more closely scrutinize whether the millions of dollars in tax credits, deductions and exemptions it offers to lure businesses to the state are the most cost-effective ways to stimulate economic development. The study said Ohio did a good job of assessing the cost of each tax expenditure but needs to measure the economic benefit. Pew's research was based on 2009 statistics.
Since then, the Ohio Department of Development has been more efficient in their data gathering and reporting. Moreover, Gov. Kasich has realigned Ohio's economic development efforts under the private, nonprofit entity, JobsOhio. For more, read the full story from the Dayton Daily News.
Since then, the Ohio Department of Development has been more efficient in their data gathering and reporting. Moreover, Gov. Kasich has realigned Ohio's economic development efforts under the private, nonprofit entity, JobsOhio. For more, read the full story from the Dayton Daily News.
