Following months of negotiations, the House of Representatives passed the $1.2 trillion infrastructure package Friday, sending it to the President for signature after the Senate passed the measure in August. President Biden announced he will schedule a signing...
If you’ve incurred capital gains in 2021, you should be taking a hard look at whether to invest those gains in an Opportunity Zone Fund. With tax reform and a potential increase in the capital gains tax looming, the Opportunity Zone program may offer potential relief...
The Ohio Department of Development has announced a number of grants that are available through the International Market Access Grant for Exporters (IMAGE) program. The IMAGE program was created to assist Ohio businesses with reaching a greater number of customers and...
Destination Cleveland, the city’s non-profit convention and visitor’s bureau, held its annual meeting on Tuesday, August 10th, 2021 at the Cleveland Zoo. There, community stakeholders and guests listened to a presentation by Destination Cleveland President David...
Ohio Governor Mike DeWine has unveiled his Executive Budget for Fiscal Years 2022 to 2023, which proposes spending $1 billion through the Investing in Ohio Initiative in new programs aimed at sparking the state’s pandemic recovery. The one-time expenditure calls for...
Recent headlines have ignited a renewed conversation about Cleveland’s competitiveness when it comes to being an attractive place to do business. It’s hard to forget the sting of our city not even making the shortlist of finalists last year for the bidding process of...
The second half of September brought announcements of new programs and funding strategies aimed at growing Ohio companies, in addition to a Supreme Court decision that impacts hiring practices of companies who do business in the City of Cleveland. New Ohio Technology...
Following a 17-day delay, Governor Mike DeWine signed Ohio’s $69B biennium budget on Wednesday. The budget includes tax cuts, as well as an increased focus on education, public health and water quality programs. KJK will be providing a more in-depth analysis...
By Laura Englehart The federal Opportunity Zone program was created to incentivize new investment in low-income communities by providing tax incentives to individuals who invest unrealized capital gains in those underserved communities. The program seeks to create...
By Kaitlin Corkran & Stephanie Mercado On April 17, 2019, the IRS released the second round of proposed regulations for the Opportunity Zone tax incentive program (the OZ Program). This highly anticipated release built on the guidance issued in October 2018 and...