Ohio SB29 allows municipalities to create joint economic development districts to facilitate economic development and job creation.

Ohio SB29 amends the Revised Code to allow two or more counties, townships, and municipal corporations to create joint economic development districts. These districts aim to facilitate economic development, create jobs, and improve the economic welfare of the area. The bill outlines the criteria for areas to be included in the district, the process for creating and amending the district, and the powers and duties of the board of directors governing the district. It also details the process for levying an income tax within the district and the procedures for amending the district contract.

Ohio SB29 allows municipalities to create joint economic development districts to facilitate economic development and job creation.

Ohio SB29 amends the Revised Code to allow two or more counties, townships, and municipal corporations to create joint economic development districts. These districts aim to facilitate economic development, create jobs, and improve the economic welfare of the area. The bill outlines the criteria for areas to be included in the district, the process for creating and amending the district, and the powers and duties of the board of directors governing the district. It also details the process for levying an income tax within the district and the procedures for amending the district contract.