Economic benefits, state oversight faulted in study of Third Frontier grant program
The State of Ohio’s Third Frontier Action Fund, the oldest part of Gov. Bob Taft’s hightech economic development program, has created only a modest number of commercial jobs and is operated without sufficient accountability to the public, according to a new study released today by Policy Matters Ohio. The Third Frontier Action Fund: A Performance […]
Affluent Areas Get Biggest Zone Aid
Ohio’s enterprise zone program is more likely to bring jobs and investment to wealthy areas than the poor neighborhoods the program is supposed to help, according to a report by Policy Matters Ohio, a Cleveland research group.
Ohio’s Enterprise Zone Program: High-Income Areas Garner More Claimed Benefits
Benefits attributed to Ohio’s Enterprise Zone Program (EZP) are more likely to go to higher-income school districts than to lower-income school districts, according to a new study conducted by Kent State University Assistant Professor Mark Cassell. “Of benefits attributed to the program, five times as much real property investment and twice as many jobs go […]
Study Equates Issue 1 to Financial Stake
As an investor, public could profit from high-tech startups successes The Toledo Blade COLUMBUS – If Ohio voters approve a $500 million bond issue on Nov. 4, the state and local governments could have more direct financial interest in the success of high-tech businesses, a research group said yesterday. Full Article
Caveat Issued for Ohio Ballot Issue
Report: State would be risk investor Cincinnati Enquirer Backed by Republicans and Democrats, business executives and unions, Ohio Gov. Bob Taft is stumping statewide for the Nov. 4 ballot issue authorizing the sale of $500 million in bonds for high-tech industrial development.
Third Frontier Ballot Initiative Broadens State Bond Issuance Authority
Policy Matters Ohio Report Explores Fiscal and Legal Implications State Issue 1, a constitutional amendment on the November 4th ballot, would broaden the ability of the state, universities, and local governments to issue bonds for research, development and technology commercialization. A new report issued today by Policy Matters Ohio, a non-partisan policy research institute, outlines […]
Jobless hammer hits hard in Ohio
State ranks third in job losses from recession, having lost 185,000 Akron Beacon Journal CLEVELAND – Ohio workers have been among the nation’s hardest hit during the most recent recession, according to a work force report released Sunday by Policy Matters Ohio, a research institute in Cleveland.Ohio’s unemployment rate, which includes people not working but […]
Latest Recession Hit Ohio Particularly Hard
Columbus Dispatch CLEVELAND (AP) – Ohio lost 185,000 jobs from 2001 through March of this year, according to a study released yesterday by a private economic think tank. Full Article
Ohio Felt Recession Harder
Report says state lags behind in U.S. recovery By William Hershey Dayton Daily News COLUMBUS | The national recession may have ended in November 2001 but the bad economic news continued for thousands of Ohio workers like Tony Roberts and Jay Darryl Booth who were laid off in January from Delphi Corp. plants in Moraine. […]
Study: Ohio Loses Corporate Taxes
State collects less than half of potential revenue Dayton Daily News COLUMBUS | Ohio lost 56.9 percent of potential corporate tax collections to business tax shelters in fiscal 2001, a loss rate second nationally only to West Virginia s 57.8 percent, according to a national study released this week. Full Article
Brown Blasts Republican Tax Cut
Lorain Morning Journal ELYRIA U.S. Rep. Sherrod Brown, D-Lorain, yesterday called a Republican tax cut bill a political ploy that’s holding up efforts to give a child tax credit to low-income working families, but Republicans said they disagree. We are calling today on President Bush and the House of Representatives to enact the same kind […]
Brown Wants Tax Credit Extended To Poor Families
Elyria Chronicle-Telegram ELYRIA U.S. Rep. Sherrod Brown, D-Lorain, is trying to extend a child tax credit to parents whose income falls below the federal requirements that would allow them to take advantage of the credit.