Ohio has long enjoyed a competitive edge in the cost of commercial electricity. It’s deregulated market and plentiful coal and gas-fired generation keep commercial power rates near 11.25 ¢/kWh—below the national business average of 13.3 ¢—as of March 2025, giving...
The generators providing electricity to a 13-state grid stretching from New Jersey to Illinois, including Ohio, will get a record $269.92 per megawatt-day from utilities to provide capacity over a 12-month period, which is over nine times the $28.92 price from last...
Last month, U.S. Senate Energy and Public Works Committee Chairman Shelley Moore Capito (R-WV) and U.S. Senator Mark Warner (D-VA) have reintroduced the bipartisan Rural Historic Tax Credit Preservation Act (S. 631). At a time when Congress is actively debating the...
Ohio has emerged as a key player in the Midwest’s economic development, particularly in the realms of technology and infrastructure. A standout feature of the state's growth is the rise of data centers, which have become central to the modern digital economy. These...
CLEVELAND, OHIO – January 6, 2025 – KJK congratulates Kassouf Development on the successful closing of all financial components for the transformative Erieview Tower and Galleria redevelopment. Located at the corner of East Ninth Street and St. Clair Avenue in...
Cleveland City Council recently commenced the process to create a new nonprofit development agency, known as a New Community Authority (NCA), to administer land and community facility acquisition and development, as well as related services for its downtown lakefront...
While the City of Cleveland has been using Community Benefit Agreements (CBAs) for development projects for over a decade, City Council passed Ordinance No. 297-2023 on June 5, 2023, officially enacting Chapter 191A of the Codified Ordinances of Cleveland. Chapter...
On July 9, 2024, the Cuyahoga County Fiscal Officer (the County) released the newly appraised values for properties within their jurisdiction. As required by state law, every county in Ohio is required to update property values every three years and conduct a...
As the Ohio Statehouse works to complete its work on biennial appropriations for public infrastructure projects and one-time strategic community investments, the Ohio Department of Development (ODOD) is in the process of promulgating updated guidelines for several key...
On May 8th, Ohio State Representatives Thomas Hall and Bride Sweeney jointly introduced House Bill 519 to restore the Clean Ohio Revitalization Fund (CORF) and provide for its administration. The CORF is envisioned as a long-term, sustainable funding source for...