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Posts in Financial Incentives.
SBA rule amends eligibility for small business research funds to include contractors with outside investors
All communities in Cuyahoga County sign anti-poaching pledge … except one
Ohio Incumbent Workforce Training Voucher Program receives $21.4 million in funding requests
JobsOhio receives high ratings on bonds to be used to lease Ohio’s liquor business
The Heath-Newark-Licking County Port Authority regains its status as a SBA HUBZone
New $6 million venture fund aims to help launch a dozen startups in three years
Tech Belt Energy Innovation Center joins the JumpStart Entrepreneurial Network
$35.9 million in Ohio Historic Tax Credits awarded to 23 recipients in round nine
Keeping up the PACE: Bricker & Eckler serves as bond counsel for Ohio’s third PACE bond transaction

Ohio Attorney General Mike DeWine releases the 2012 Economic Development Accountability Report

Ohio Third Frontier recommends funding for three economic development programs
Ohio Senate passes bill to raise the annual limit on the Ohio New Markets Tax Credit Program from $10 million to $50 million
AEP Ohio selects Lime Energy Co. for its Small Business Direct Install Program contract
Ohio Development Services Agency and Ohio University launch new solar supply chain database to promote Ohio manufacturing
December 2012 Ohio Tax Credit Authority overview

Make it in America Challenge aims to accelerate insourcing by awarding funding to American companies and communities that invest here in the U.S.

Strong application demand for 2012 round of New Markets Tax Credit Program touted as evidence of program’s success
Keeping up the PACE: Ohio’s second PACE bond issue closes
Third Frontier grant recipient CincyTech touts $255 million impact at annual meeting
Technology Investment Tax Credit exhausts funding before it can be renewed
Local Government Innovation Fund loans seeing increased interest in fourth round
Ohio Development Services Agency launches Ohio Vacant Facilities Fund to find new uses for abandoned sites
Small Business Administration’s venture capital program prospers
A recent tax increment financing ruling from the Ohio Supreme Court
Ohio Third Frontier Commission announces 2013 budget and program changes

Cities question whether anti-poaching pact is a legally binding contract

Manufacturers form coalition to train and hire U.S. military veterans
Local governments apply for more feasibility grants than implementation loans
Gov. Kasich is finalizing new incumbent workforce training program
U.S. House of Representatives votes to increase subsidy for SBA loans
Ohio will award $11 million to business and education partnerships that create co-ops and internships
Clean Ohio proposes changes in an effort to streamline funding for brownfield projects
Ohio Third Frontier approves $14 million for two entrepreneurial support organizations
City of Oregon establishes an Energy Special Improvement District as part of the Northwest Ohio Advanced Energy Improvement Corporation
Ohio Third Frontier leaders plan to increase the program’s flexibility
Ohio Historic Preservation Tax Credit program now accepting applications for Round 9
JobsOhio and Democrats ask the Ohio Supreme Court to dismiss JobsOhio’s lawsuit
Two ESP programs awarded Ohio Third Frontier Commission funding
U.S. Transportation Department to make $17 billion in funding available for infrastructure projects; announces new help center
Ohio Third Frontier recommends more than $21 million in grants to spur innovation
Dayton Development Coalition to host funding meetings for tech startups
Economic and Community Development Institute expands to Cleveland
Ohio Attorney General announces recipients of Moving Ohio Forward Program demolition grants
Three counties receive $732,400 in State Appalachian Development Program grants
Op-ed critical of administration’s handling of Third Frontier program
Fate of central Ohio’s job-poaching pact uncertain
Ohio Third Frontier delays ESP funding
Ohio awards $10 million in Ohio New Markets Tax Credits
Federal transportation bill to be signed by the president will create jobs
IRS issues guidance on QECBs
Ohio awards over $35 million in Historic Preservation Tax Credits

On June 22, the Ohio Third Frontier Commission announced the renewal of the Ohio Third Frontier Internship Program as well as the 2012 fiscal year internship program awardees. The internship program was launched in 2002 to offer technology-based internship opportunities to students at Ohio colleges and technical schools. According to the ...

Workforce Innovation Fund grant winners announced
Bricker sets the PACE: Ohio achieves first PACE bond issuance with Bricker & Eckler as bond counsel
Greater Columbus anti-poaching pact is losing momentum
Summit County's anti-poaching pact extends its reach
Communities applying for demolition grant will get free technical assistance
Changes on the horizon for the Ohio Third Frontier Commission
Local Government Innovation Council approves more than $6 million in grants and loans
International Market Access Grant for Exporters program update
Congress keeps Export-Import Bank alive
Extension of Ohio enterprise zone program

Clean Ohio program update

Clean Ohio program could receive capital infusion up to $42 million
Venture capital investments rebound in Ohio
Study gives Ohio mixed reviews for tax incentive evaluation and implementation
Seven Ohio communities to receive $10 million in Job Ready Sites grants
Proposed bill would require tax breaks in Ohio to be reviewed regularly
Anti-poaching pact reaches 28 jurisdictions within Cuyahoga County
Two Ohio colleges put $35 million into venture capital technology fund
Seminar series aims to assist small business owners in Ohio
S&P upgrades Ohio Enterprise Bond Fund ratings two levels to AA+
JOBS Act headed to President Obama for signature

Columbus and majority of suburbs reach anti-job poaching agreement

JobsOhio II bill debuts in the Ohio House and Senate
American Centrifuge RD&D program in Piketon to receive $150 million
U.S. Treasury gives Ohio $55 million to create small business credit initiative program
More businesses complied with terms of incentive award agreements than originally indicated
Solar and wind industries — Ohio tax summary

Multi-billion dollar green energy fund up for possible amendment to the Ohio Constitution

Ohio creates a new international exporting program to support small business exports

The Ohio Attorney General's office has issued a report indicating that 47.6% of Ohio businesses whose economic development incentives expired in calendar year 2010 failed to meet the terms of their agreements with the state, which included creating or retaining a certain number of jobs, training workers, or investing capital, an article in ...

The Ohio Department of Development to host information sessions on funding for community services and planning (shared services)

According to an article in Crain's Cleveland Business, Ohio is making a name for itself in venture capital investments. 

Ohio awarded $22 million in TIGER Grants

According to a recent article in The Columbus Dispatch, the City of Columbus and at least nine of its suburbs (Dublin, Gahanna, Grandview Heights, Grove City, Hillard, New Albany, Upper Arlington, Westerville, and Worthington) have "reached an agreement to curtail job poaching, the practice of enticing companies to move jobs – and the income ...

The Ohio Department of Development’s Office of Energy recently announced the launch of the Energy Loan Fund program to provide low-cost financing to energy efficiency and renewable energy projects.

Director Christiane Schmenk of the Ohio Department of Development, with Representative Ron Amstutz and Akron Mayor Donald Plusquellic, will announce the award recipients for Round 7 of the Ohio Historic Preservation Tax Credit today, December 21, at 10:30 a.m. in Akron.

Today the Ohio Department of Development goes live with the new state program to provide income tax credits on small business investments.

A recent Gongwer News Service article reported that in an effort to "restrain government spending" with his first capital appropriations measure, Gov. Kasich has raised the state-funding threshold for new construction to a point that will eliminate "state-backed bond funding for special local projects like theaters, arts and sports ...

New program aims to reduce work place injuries and get injured workers back on the job more quickly.

"The Clean Ohio Council approved more than $27.5 million in Clean Ohio Revitalization Fund grants on November 18 for 15 brownfield clean-up projects throughout the state, which are expected to create and retain nearly 1,280 jobs," according to a news release from the Ohio Department of Development.

Two programs – the Clean Ohio Fund and the Job Ready Sites Program – that assist communities and businesses to remediate distressed properties and incentivize the development of “pad ready” sites, may be discontinued as the State has no current plans in place to continue them.

The CAPLines Loan Program has been revised by the SBA to better comply with bank underwriting guidelines and processes and make it more accessible to small businesses.

Tax increment financing (TIF) has become a common practice when it comes to funding local redevelopment and community improvement projects.

InvestOhio, a $100 million tax credit program, was established to stimulate investments in Ohio’s small businesses.

On November 1, 2011, two Ohio senators announced that they will introduce a $300-$400 million dollar economic development proposal, called “Forward Ohio,” to get unemployed Ohioans back to work. 

Just weeks before the Governor's 21st Energy & Economic Summit, Ohio legislators introduced Ohio S.B. 216, a bill that could hinder growth initiatives in the alternative energy arena. 

The Ohio Bureau of Workers' Compensation Board of Directors approved Grow Ohio, a program created to reduce premiums and encourage economic development activity in the state. 

A provision in Ohio's budget bill, Am. Sub. H.B. 153, has generated two questions about the availability of the credit for companies that maintain multiple locations in Ohio, or that are not headquartered in Ohio.  Learn more about the refundable jobs retention tax credit and enterprises that retain employment payroll and make a ...

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