economic development

photo of dave yost
KAREN KASLER / STATEHOUSE NEWS BUREAU

Attorney General Dave Yost says he doesn’t like some of what he found in a review of state incentives for economic development projects in the final year of former Gov. John Kasich’s administration. He’s pushing some changes to the way the state awards grants, loans and tax credits.

Your Voice Ohio: What Does it Mean to Be an Economically Successful Community?

Aug 16, 2018
DOUG OPLINGER / TWITTER

“Throw out the rules of capitalism. They don’t work anymore.”

That was the first idea tossed into a room full of journalists gathered at Denison University recently as the Your Voice Ohio collaborative and Solutions Journalism Network opened a conference on the state’s ailing economy, the topic Ohioans identified as most important.

photo of Chris Burnham
SUMMIT DFA / SUMMIT DFA

Summit County is considering an investment strategy that could boost economic development programs in the area.

Summit County usually has about $300 million on hand as revenue comes in that isn’t due to be paid out. It invests that to earn interest. But it wants to leverage more value from the money by putting a couple of million dollars of in a “loan reserve” for the Summit Development Finance Authority.

Old Packard plant
Tim Rudell / WKSU

Plans are proceeding for bringing a major industrial operation to the  century-old Packard Electric site in Warren.  It’s the idea of a former Warren-native now living in California who says it could create 800 to 1,000 local jobs.

Although he is a successful West Coast developer, Christopher Alan is still fond of his home town. That’s one reason he chose it as the site for all design and manufacturing for the automated parking systems company he owns.

Vacant Akron buildings
KEVIN NIEDERMIER / WKSU

The City of Akron is pushing to improve the city’s overall economy by increasing downtown residences. Today, Mayor Dan Horrigan released a plan he and city leaders hope will reverse the trend of companies moving to the suburbs to do business where most people now live.  

photo of IEDC conference
KABIR BHATIA / WKSU

The International Economic Development Council is holding its annual convention in Cleveland this year, bringing together thousands of business leaders from around the globe.

The development council is a non-profit, non-partisan group whose members work for governments, the private sector and universities.  This year’s conference will feature about 250 speakers on topics including how to “up-skill” workers, re-purposing space for retail and attracting talent from the LGBT community.