Ohio Revised Code Search

...ation 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 than seventy-five per cent of the total cost of the eligible project; (c) Not to use more than ten per cent of the gr...

... eligible projects under the annual competitive process to determine a priority order for the eligible projects subject 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) Th...

...l competitive process for the job ready site program, the director of development shall publish an annual report that includes the following: (A) Details on each grant awarded pursuant to the program; (B) The status of projects funded in previous years; (C) The amount of grants awarded for projects in economically distressed areas and, to the extent possible, the impact of those grants in those areas.

... competitive process for the job ready site program may provide for recovery of the costs, or a portion thereof, incurred by district public works integrating committees and executive committees in conducting their duties under the program.

... 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.

...d tax credits in each of fiscal years 2026 and 2027. The director shall not preliminarily approve any dollar amount of new estimated tax credits under this section in any fiscal year after fiscal year 2027 unless specifically authorized by an act of the general assembly. Tax credits preliminarily approved under this section in preceding fiscal years and for which preliminary approval was rescinded in the fiscal yea...

...velopment 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, institutions, agencies, commissions, or office upon their request. The department shall coordinate its services and activities with those of state dep...

...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.

..." means a national or international competition or other event, such as a player draft or commemoration, associated with a sport, including the special olympics. (E) "Joinder agreement" means an agreement entered into by a local organizing committee, endorsing municipality, or endorsing county, or more than one endorsing municipality or county acting collectively and a site selection organization setting out repres...

...ement relating to hosting one or more games in this state.

...1 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.

...ty, but does not include a construction site or other workplace that was intended to be a temporary workplace. (D) "Relocation" means removal of all or substantially all of the industrial or commercial operations in an establishment to a new location, within or outside of the state, that is one hundred or more miles from the location of the original establishment.

...s hereby created the employee ownership assistance program 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. Th...

...sals 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 purchase and operation of an employee-owned corporation; (F) Promote and coordinate the effor...

...ining information relating to the possible relocation of operations or closing of a business establishment.

...mployees to explain the services available from the department of development relative to the formation of an employee-owned corporation.

...scribed 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.

...orporations; recommendations on how to better operate the program; information regarding the effectiveness of the program in maintaining and improving employment in the state; and the number of individuals affected by the activities of the program.

...nvestment earnings of the fund shall be credited to the fund.

...bt instrument issued by the fund that meets all of the following criteria: (1) The debt instrument has an original maturity date of at least five years after the date of issuance. (2) The debt instrument has a repayment schedule that is not faster than a level principal amortization over five years. (3) The debt instrument has no interest, distribution, or payment features dependent on the fund's profitabili...

...hat application has passed, whichever comes first. (C) The agency shall deny an application submitted under this section if any of the following are true: (1) The application is incomplete. (2) The application fee is not paid in full. (3) The applicant does not satisfy all the criteria described in division (A)(2) of this section. (4) The revenue impact assessment submitted under division (A)(5) of thi...

...e is hereby allowed a nonrefundable tax credit for owners of tax credit certificates issued by the development services agency under division (B) of this section. The credit may be claimed against the tax imposed by section 3901.86, 5725.18, 5729.03, or 5729.06 of the Revised Code. (B) On the closing date, a taxpayer that made a credit-eligible capital contribution to a rural business growth fund shall be eligible...

...invests an amount equal to the capital returned or recovered by the fund from the original investment, exclusive of any profits realized, in other growth investments in this state within one year of the receipt of such capital. (2) The fund makes a distribution or payment after the fund complies with division (G) of section 122.151 of the Revised Code and before the fund decertifies under division (D) of this sect...

... the agency under this section shall be credited to the tax incentives operating fund created under section 122.174 of the Revised Code. (D) The director of development, after consultation with the superintendent of insurance and in accordance with Chapter 119. of the Revised Code, may adopt rules necessary to implement sections 122.15 to 122.156 of the Revised Code.

...ll equal the amount by which the fund's credit-eligible capital contributions exceed the product obtained by multiplying thirty thousand dollars by the aggregate number of new full-time equivalent employees for the fund. If that product is greater than the fund's credit-eligible capital contributions, the state reimbursement amount shall equal zero. In the absence of additional information provided by the fund or dis...