Tax breaks sought for Ohio investments
By · CommentsGov. John Kasich and Republican lawmakers are working on a plan to give a state income-tax break for investing in Ohio companies, and it could wind up in the state budget.
Kasich delivered his proposal to the House and Senate conference committee that is ironing out differences in the chambers’ respective versions of the budget, which is to take effect on July 1.
The plan, called “Invest Ohio,” is two-pronged. Ohioans who invest in an Ohio company and hold onto that investment for at least two years would not pay state income taxes on its gains.
Additionally, if investors use gains from a sale of stock to reinvest in an Ohio company and keep that investment for two years, they may apply for a refundable state tax credit related to that original sale of shares.
Cuyahoga County proposes no-poaching agreement
By · CommentsCLEVELAND, Ohio — Cuyahoga County Executive Ed FitzGerald wants the county’s 59 communities to pledge not to lure businesses from neighbors under an “anti-poaching protocol” that offers development money as an incentive to sign.
FitzGerald presented a draft agreement to representatives from Cleveland and about 20 suburbs Thursday and said he hopes by September to have them sign on for the next three years.
“We can compete together collaboratively, instead of being predatory amongst ourselves,” FitzGerald said.
Small Cities Feed the Knowledge Economy
By · CommentsLivable cities draw creative people, and creative people spawn jobs. Some places you’d never expect—small cities not dominated by a university—are learning how to lure knowledge workers, entrepreneurs, and other imaginative types at levels that track or even exceed the US average (30 percent of workers).
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