Ohio HB982 prohibits state entities from awarding incentives to entities linked to foreign countries of concern.

Ohio HB982, known as the Ohio Business Investment Act, prohibits the state, its nonprofit corporation, subsidiaries, and political subdivisions from awarding economic incentives to entities linked to foreign countries of concern. These countries are defined as those whose governments are barred from acquiring agricultural land in Ohio. The bill mandates that recipients or applicants for incentives provide an affidavit attesting they are not linked to such countries. The act aims to prevent economic benefits from going to entities controlled by foreign adversaries.

Ohio HB982 prohibits state entities from awarding incentives to entities linked to foreign countries of concern.

Ohio HB982, known as the Ohio Business Investment Act, prohibits the state, its nonprofit corporation, subsidiaries, and political subdivisions from awarding economic incentives to entities linked to foreign countries of concern. These countries are defined as those whose governments are barred from acquiring agricultural land in Ohio. The bill mandates that recipients or applicants for incentives provide an affidavit attesting they are not linked to such countries. The act aims to prevent economic benefits from going to entities controlled by foreign adversaries.