Ohio Revised Code Search

...s concern in this state, the fund shall determine the number of new full-time equivalent employees produced at the business concern as a result of the investment. New full-time equivalent employees shall be computed by subtracting the number of full-time equivalent employees at the rural business concern on the date of the fund's initial growth investment in the rural business concern from the number of full-time equ...

... business qualifies as a rural business concern based on the criteria prescribed by section 122.15 of the Revised Code. The request shall be submitted in a form prescribed by rule of the agency. The agency shall issue a written opinion to the fund within thirty business days of receiving such a request. Notwithstanding division (J) of section 122.15 of the Revised Code, if the agency determines that the business qual...

...ates department of commerce, bureau of economic analysis as of the date the most recent federal decennial census was published. (ii) In the case of a municipal corporation, its per capita income is equal to or less than eighty per cent of the per capita income of the United States as determined by the most recently available five-year estimates published in the American community survey as of the date the most rec...

...ion that was, but is no longer, used in connection with the extraction of coal from its natural deposit in the earth. (6) "Qualifying property" has the same meaning as in section 5727.76 of the Revised Code. (B) A legislative authority may adopt and certify to the director of development an ordinance or resolution requesting that the director designate the site of a brownfield or former coal mine within the subdi...

...nd retirement or other benefits paid or contributed by the employer to or on behalf of employees. (2) "Baseline payroll" means Ohio employee payroll, except that the applicable measurement period is the twelve months immediately preceding the date the tax credit authority approves the taxpayer's application or the date the tax credit authority receives the recommendation described in division (C)(2)(a) of this sec...

...costs of basic research and new product development determined in accordance with generally accepted accounting principles, but does not include any of the following: (a) Payments made for the acquisition of personal property through operating leases; (b) Project costs paid before January 1, 2002; (c) Payments made to a related member as defined in section 5733.042 of the Revised Code or to a consolidated el...

... form, as prescribed by the director in consultation with the tax commissioner, and shall file the form with the tax return for the taxable year for which the grant is claimed. In no event shall the grant reduce a taxpayer's tax liability below the minimum tax owed for the taxable year. The grant request form shall provide the information required to allow the grant for the taxable year and is subject to audit by the...

...ctricity that the property generates is consumed, during the one-hundred-twenty-month period commencing with the date the property is placed in service, by persons that are not related members to the person who generates the electricity. (2) "New manufacturing machinery and equipment" means manufacturing machinery and equipment, the original use in this state of which commences with the taxpayer or with a partners...

...2, 5709.68, or 5725.33 of the Revised Code. The director of development services shall use money in the fund to pay expenses related to the administration of (A) the business services division of the development services agency and (B) the programs described in those sections.

...ata center equipment, but does not include any of the following: (a) Project costs paid before a date determined by the tax credit authority for each capital investment project; (b) Payments made to a related member as defined in section 5733.042 of the Revised Code or to a consolidated elected taxpayer or a combined taxpayer as defined in section 5751.01 of the Revised Code. (2) "Computer data center" means...

...of determining whether a building, the construction of which is not complete, has been unoccupied for the required length of time, the building first becomes "unoccupied" when its construction discontinues as determined by the person who owned the property at that time. (2) "Business park" means two or more buildings located on the same or adjacent parcels held under common ownership. (3) "Building" means a bu...

...ed or a statement that the student will continue to be employed by the business; (c) The total number of hours during the internship that the student intern was employed by the business; (d) The total wages paid by the business to the student intern during the internship; (e) A signed statement by the student intern briefly describing the duties performed during the internship and the skills and experiences gained...

...tial. The department of development, in consultation with the governor's office of workforce transformation and the department of higher education, shall develop the program. (C)(1) An employer seeking to participate in the program shall submit an application to the director of development during an application period established by the director. The employer shall include in the application all of the following in...

... lead an industry sector partnership by convening or acting in partnership with representatives of businesses, employers, or other institutions of an industry cluster, including small- and medium-sized employers where practicable, and a collaboration of multiple industry sector partnerships may convene or act in partnership together as a sector partnership network. An industry sector partnership may include represent...

...tial. The department of development, in consultation with the governor's office of workforce transformation, shall administer the program. The director shall administer the program so that the total reimbursement to each training provider approved to participate in the program occurs at least once per fiscal year. (C) A training provider seeking to participate in the program shall submit an application to the direc...

...ugust first thereafter, the director of development services shall submit to the general assembly a written report that compiles and includes information required in this section regarding the programs created under sections 122.178, 122.179, and 122.1710 of the Revised Code. (1) For the TechCred program created under section 122.178 of the Revised Code, the director shall include in the report required under divis...

.... (B) The director of development, in consultation with the governor's office of workforce transformation, shall establish a platinum provider program. A training provider that is approved to participate in the individual microcredential assistance program and that meets the requirements specified under this section is eligible to participate in the platinum provider program. A training provider approved to partici...

.... (B) The director of development, in consultation with the governor's office of workforce transformation, shall establish an institutional platinum provider program for state institutions of higher education approved to participate in the individual microcredential assistance program. (C) Each state institution of higher education shall do both of the following: (1) Provide at least two in-person training pro...

... employed by, or under or pursuant to a contract with, the tenant in the project that is the subject of the agreement after a landlord enters into an agreement with the tax credit authority under this section. (5) "New income tax revenue" means the total amount withheld under section 5747.06 of the Revised Code by the tenant or tenants at a facility during a year from the compensation of new employees for the tax le...

... social services and has experience in economic development; (4) Any other nonprofit economic development entity; (5) A county, township, or municipal corporation if it designates itself. (C) "Eligible area" means a distressed area, a labor surplus area, an inner city area, or a situational distress area, as designated annually by the director of development under division (A) of section 122.21 of the Revise...

...m is hereby created to promote economic development and improve the economic welfare of the people of the state, which shall be accomplished by the department of development awarding grants to eligible applicants for use in an eligible area for any of the following purposes: (1) Land acquisition; (2) Infrastructure improvements; (3) Voluntary actions undertaken on property eligible for the voluntary action program...

...States census bureau, the entities that constitute the eligible areas in this state; (B) Adopt rules in accordance with Chapter 119. of the Revised Code establishing procedures and forms by which eligible applicants in eligible areas may apply for a grant, which procedures shall include a requirement that the applicant file a redevelopment plan; standards and procedures for reviewing applications and awarding gran...

...of the applicant's past performance in economic development projects. (B) In order for an applicant to be eligible for a grant under section 122.20 of the Revised Code, the governing body of the entity that has been designated as an eligible area by the director of development in accordance with division (A) of section 122.21 of the Revised Code shall, by resolution or ordinance, do all of the following: (1) Design...

...ates department of commerce, bureau of economic analysis as of the date the most recent federal decennial census was published. (3) Its ratio of personal current transfer receipts to total personal income is equal to or greater than twenty-five per cent, as determined by the most recently available data from the United States department of commerce, bureau of economic analysis as of the date the most recent federa...

...To promote economic development in rural areas and to improve the economic welfare of the people of the state, the director of development shall administer the rural industrial park loan program, which is hereby established in accordance with Ohio Constitution, Article VIII, Section 13, to assist eligible applicants in financing the development and improvement of industrial parks by providing financial assistance in ...