Ohio Revised Code Search

... discretionary process, the director of development shall enter into an agreement with the eligible applicant to provide the grant for the project. The agreement shall be executed prior to the payment or disbursement of any funds under the grant and shall contain the following provisions: (A) A designation of a single officer or employee of the eligible applicant who will serve as the manager of the eligible ...

...e following requirements in order to be considered for a grant under the annual competitive process: (1) The application for the grant is made by an eligible applicant. (2) The project for which the application is made is an eligible project. (3) The eligible applicant commits to all the following: (a) To use the grant to pay only allowable costs for the eligible project; (b) Not to use the grant to fund more th...

...ct to that process: (A) The potential economic impact of the eligible project; (B) The potential impact of the eligible project on economic distress; (C) The amount of local, federal, and private funding available for the eligible project; (D) The demonstrated need for the eligible project; (E) The strength of the eligible project's marketing plan, if appropriate; (F) The level of financial need; (G) Any other...

...ount of grants awarded for projects in economically distressed areas and, to the extent possible, the impact of those grants in those areas.

...ommittees and executive committees in conducting their duties under the program.

...d in the state treasury. The fund shall consist of the net proceeds of obligations issued and sold by the issuing authority pursuant to sections 151.01 and 151.11 of the Revised Code. Investment earnings of the fund shall be credited to the fund. Moneys in the fund shall be used to make grants for eligible projects pursuant to sections 122.085 to 122.0820 of the Revised Code and associated administrative expenses.

...ees, due diligence costs, hard and soft construction costs, paid or incurred in connection with the project and architectural and engineering fees and due diligence costs incurred before the date the project is certified by the director of development under division (C) of this section. (3) "Property owner" means a person or persons holding a fee simple or leasehold interest in real property, including interests i...

...Each department, bureau, institution, agency, commission, or office of the state government, shall, upon request, furnish to the department of development any information it has available. The department of development shall cooperate with each department, bureau, institution, agency, commission, or office of the state government and shall furnish any information it has available to such departments, bureaus, instit...

...The director of development may employ and fix the compensation of technical and professional personnel, who shall be in the unclassified civil service, and may employ other personnel, who shall be in the classified civil service, as necessary to carry out the provisions of sections 122.011 to 122.11, 122.17, and 122.18 of the Revised Code.

... "Endorsing county" means a county that contains a site selected by a site selection organization for one or more games. (B) "Endorsing municipality" means a municipal corporation that contains a site selected by a site selection organization for one or more games. (C) "Game support contract" means a joinder undertaking, joinder agreement, or similar contract executed by an endorsing municipality or endorsing cou...

...g a formula approved by the director in consultation with the tax commissioner. The application shall include an estimate of the committee's, municipality's, or county's qualifying costs under the game support contract. The local organizing committee, endorsing municipality, or endorsing county is eligible to receive a grant under this section only if the projected incremental increase in receipts from the tax impose...

...ing municipality, or endorsing county under section 122.121 of the Revised Code. Except for amounts refunded under division (E) of section 122.121 of the Revised Code, money may not be credited or transferred to the fund if the credit or transfer would cause the balance of the fund to exceed ten million dollars.

...ion" means a business operation that is controlled by a board of directors that is selected by the shareholders on a basis of one vote per shareholder and in which the management rights are represented by voting stock that is owned only by employees of the operation, a nonprofit community development corporation, or an employee-owned stock ownership plan any portion of which is owned by not less than twenty per cent ...

...m to be administered by the director of development. The director may employ any professional and technical personnel and other employees that are necessary to comply with sections 122.13 to 122.136 of the Revised Code. The director shall assist an individual or group of individuals, who seek assistance in the establishment of an employee-owned corporation. The director shall inform local government, business organi...

... the evaluation of the feasibility and economic vitality of employee-owned corporation proposals received in the employee ownership assistance program; (C) Provide technical assistance and counseling services to individuals who seek to form an employee-owned corporation; (D) Provide assistance and counseling in the operation of an employee-owned corporation; (E) Assist individuals in obtaining financing for the pu...

...The director of development shall publicize the availability of the employee ownership assistance program and its services to local governments and to business and labor organizations and shall coordinate with local governments, business and labor organizations, and other state agencies in obtaining information relating to the possible relocation of operations or closing of a business establishment.

...ection 122.135 of the Revised Code, may conduct an initial study of the feasibility of the employees of the business establishment establishing an employee-owned corporation to continue the operations of the business establishment, or to operate another business, and may hold an informational meeting of representatives of the local community, the business establishment, representatives of any employee organization, a...

... a manner prescribed by the director of development, assistance in efforts to study the feasibility of the establishment of an employee-owned corporation and any other assistance the director may provide pursuant to sections 122.13 to 122.136 of the Revised Code.

...The director of development services shall prepare and submit a report to the governor and the general assembly annually on or before the first day of August of the services and activities of the employee ownership assistance program for the preceding calendar year. The director shall include in the report information regarding the number, names, and locations of business establishments that have been or likely...

...adwork development fund. The fund shall consist of the investment earnings of the security deposit fund created by section 4509.27 of the Revised Code and revenue transferred to it by the director of budget and management from the highway operating fund created in section 5735.051 of the Revised Code. The fund shall be used by the department of development in accordance with Section 5a of Article XII, Ohio Constituti...

...tly through one or more intermediaries, controls, is controlled by, or is under common control with another person. For the purposes of this division, a person is "controlled by" another person if the controlling person holds, directly or indirectly, the majority voting or ownership interest in the controlled person or has control over the day-to-day operations of the controlled person by contract or by law. (B) "...

...siness plan to invest in rural business concerns in this state and has successfully solicited private investors to make credit-eligible capital contributions in support of the plan may apply to the department of development for certification as a rural business growth fund. The application shall include all of the following: (1) The total eligible investment authority sought by the applicant under the business plan...

...yer that made a credit-eligible capital contribution to a rural business growth fund shall be eligible for a credit equal to the amount specified in the notice issued under division (I)(1) of section 122.151 of the Revised Code. On or before the third, fourth, fifth, and sixth anniversary dates of the closing date, the agency shall issue a tax credit certificate to the taxpayer specifying the corresponding anniversar...

...lies: (1) The credit-eligible capital contribution was made in a program one rural business growth fund that fails to: (a) Invest fifty per cent of its eligible investment authority in growth investments within one year of the closing date; and (b) Invest one hundred per cent of its eligible investment authority in growth investments in this state within two years of the closing date. (2) The credit eligible ...

... business qualified as a rural business concern at the time the investment was made. If the fund obtained a written opinion from the agency on the business's status as a rural business concern under section 122.156 of the Revised Code, or if the fund makes a written request for such an opinion and the agency failed to respond within thirty days as required by that section, a copy of the agency's favorable opinion or ...