The Intel project is great news. But what happens if it goes bad?
When it announced in January that it would build two massive new plants in Licking County, semiconductor manufacturer Intel called it the “largest single private-sector investment in Ohio history.” But what is perhaps obscured by that statement is that Ohio is also investing heavily in Intel. A policy-research group recently issued a report advocating ways […]
Lawmaker pitches tax breaks and financial aid to “GROW” Ohio
Ohio has ceded one of its congressional seats in the coming decade thanks to growth rates that haven’t kept pace with other states around the country. Rep. Jon Cross, R-Kenton, is making a stab at reversing that trend with legislation he’s calling the GROW Ohio Act which aims to attract and then retain college students. […]
County officials pushing for more tax abatement reporting
State lawmakers are considering legislation that would collect statewide information about property tax exemptions, and add that data to the list of tax breaks reviewed by state officials every other year. The information itself already exists — county auditors deliver it to the Ohio Department of Taxation regularly. But backers believe the move could shine […]
How local governments can create high-paying jobs for residents
How do local governments create living wage and high-paying jobs for residents of neighborhoods of concentrated poverty? One tool we have are business incentives, or, as leading national business incentive economist Timothy Bartik describes them, “tax breaks, cash grants/loans, or services that are (1) targeted at an individual firm, or some industry or group of […]