Restoring Prosperity
The Greater Ohio Policy Center Blog
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.
Recently, conversations around the need for a property tax relief program in Ohio’s cities have become more urgent. GOPC has scanned different ways communities can lessen the burden on rapidly rising property values on long-time residents. GOPC is currently researching programs, or components of programs, which could be applicable in Ohio.
The Greater Ohio Policy Center (GOPC) announced in 2019 that it would be partnering with the National Resource Network, Arnold Ventures, and the Just Transition Fund to create the Ohio State Resource Network (OSRN).
Last month, we added a new page to our website that is a repository of good ideas and programs happening around Ohio. This month we have added the City of Newark’s Downtown Revitalization project to the list. This project is an excellent example of leveraging an otherwise traditional infrastructure project into a transformative placemaking opportunity and economic generator for the city by creatively designing the project to be eligible for multiple funding sources.
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.
