|
State
Representative Jim Buchy...
House Passes
Legislation to Encourage Business Expansion into Vacant Facilities
COLUMBUS—State Representative Jim Buchy (R-Greenville) has announced
that the Ohio House of Representatives passed legislation that aims to
encourage businesses to create jobs and invest in communities that have
been hard-hit by the difficult economy.
House Bill 18 authorizes a $500 per-employee grant for a business that
expands into a facility that has been vacant for 12 months, increases
its payroll, and employs either 50 employees or 50 percent of its Ohio
employees at the vacant facility.
“This bill is about putting people to work,” Representative Buchy said.
“With job-friendly policies like this one, one day there will be no
vacant buildings.”
Additional provisions in the legislation specify that an employer may
receive no more than one grant and limits the availability of grants to
three years after the bill takes effect. It also authorizes the award
of grants from the Facilities Establishment Fund or from unencumbered
funds available to any entity performing job creation or other economic
development functions for the state.
House Bill 18 was originally introduced during the 128th General
Assembly as House Bill 437, which was part of the “Future of Ohio” jobs
package—a collection of 10 bills that aimed to facilitate economic
growth and job creation in Ohio. It will now be sent to the Ohio
Senate for further consideration.
|
|
|
|
