Economic development

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How Ohio’s Communities can tap into Federal Opportunity Zones

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How Ohio’s Communities can tap into Federal Opportunity Zones

Opportunity Zones (OZs) are low-income census tracts, which investors can make qualifying investments into new projects and enterprises in exchange for federal capital gains tax reductions. Since they were first established as a pilot program in 2017, OZs have encouraged investors to invest in new housing and other real estate projects across the country, including in Ohio.

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Opportunity Zones 2.0: How Communities can Benefit from and Prepare for the Program

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Opportunity Zones 2.0: How Communities can Benefit from and Prepare for the Program

Established in 2017, Opportunity Zones (OZs) are low-income census tracts where investors can make qualifying investments into new projects and enterprises in exchange for federal capital gains tax reductions. Now permanent, there are changes coming to the program this year.

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Updates to the Mahoning Valley Current Conditions Reports

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Updates to the Mahoning Valley Current Conditions Reports

In light of recent additional analysis conducted by the Foundation, GOPC re-reviewed the reports and determined that using 2020 Census data did not give the best full picture of how the Mahoning Valley is performing across the selected indicators.

PRO Neighborhoods Grant awarded to Cleveland Development Advisors for neighborhood development

PRO Neighborhoods Grant awarded to Cleveland Development Advisors for neighborhood development

Last week, Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, announced they were the recipients of a $5 million grant from JPMorgan Chase to support development in the Cleveland neighborhoods of Clark-Fulton, Glenville, Buckeye-Kinsman, and their immediately surrounding areas. CDA has contributed a further $3.75 million to the project, taking the total commitment for the project to nearly $9 million.

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GOPC Attends JobsOhio Regional Board Meeting in Lima

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GOPC Attends JobsOhio Regional Board Meeting in Lima

Earlier this week, GOPC attended the JobsOhio board meeting along with 100+ other economic development professionals and interested parties.  During the open board meeting, JobsOhio CEO, J.P. Nauseef, outlined JobsOhio’s Strategy, “2.0,” which he described as an “enhancement and addition to 1.0.”

Regional Tax Sharing: An Old Idea to Benefit Ohio’s Future?

Regional Tax Sharing: An Old Idea to Benefit Ohio’s Future?

Last year, the state of Ohio created the Regional Economic Development Alliance Study Committee with the aim of studying the features, benefits, and challenges involved in establishing metropolitan economic development alliances that would incentivize cooperation, enhance success, and provide for greater efficiency in economic development among participating municipal corporations, namely in metropolitan areas.

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