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...

... following factors to 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 elig...

...e 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.

... 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Tax credits preliminarily approved under this section in preceding fiscal years and for which preliminary approval was rescinded in the fiscal yea...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...

...essional 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 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 county and a site sel...

...d remitted under this division shall be credited to the sports event grant fund. (F) No disbursement may be made under this section if the director of development services determines that it would be used for the purpose of soliciting the relocation of a professional sports franchise located in this state. (G) This section may not be construed as creating or requiring a state guarantee of obligations imposed on...

...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.

...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 organizations,...

...d organizations throughout the state in undertaking or promoting the establishment and successful operation of employee-owned corporations; (B) Assist in 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 corpor...

...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.

...g or relocation of a business establishment's operations or the proposed closing or relocation of a business establishment's operations may request, in 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.

... 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 will be assisted as employee-owned corporations; 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...

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

...e capital contribution" means an investment of cash by a person subject to the tax imposed by section 3901.86, 5725.18, 5729.03, or 5729.06 of the Revised Code in a rural business growth fund that equals the amount specified on a notice of tax credit allocation issued by the department of development under division (I)(1) of section 122.151 of the Revised Code. The investment shall purchase an equity interest in the ...

...rtification 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; (2) Documents and other evidence sufficient to prove, to the satisfaction of the agency, that the applicant meets all of the following criteria: (a) The applicant or an affiliate of the applicant is licensed as a rural bu...

...edit 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 for a credit equal to the amount specified in the notice issued un...

...lowing applies: (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 cr...

... 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...