Central Ohio will soon welcome further growth in the tech market. Intel recently announced plans to begin construction in late 2022 and chip production in 2025 at the world’s largest chip-making complex in New Albany that will provide many benefits, but some...
Economic Development
House Passes 1.2T Infrastructure Bill, Sending to Biden for Signature
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...
Opportunity Zones: Take Advantage of Tax Relief
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...
Ohio IMAGE Grants Aim To Increase State’s International Exports
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...
KJK’s Jon Pinney Discusses Cleveland’s Future at Destination Cleveland’s Annual Meeting
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...
Gov. DeWine Presents Aggressive Budget With New Programs to Spark Ohio’s Economy
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...
Economic Development in Cleveland: How Does the City Stack Up Against the Competition?
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...
Ohio Economic Development Updates: New Grant Programs, New Statewide Strategy and Reduced Compliance Requirements
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...
New Tax Credits & Incentives Included in 2019-2020 Ohio Budget
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...
Measuring Success: Will the Opportunity Zone Program Deliver?
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...