Ohio cra blight definition plus#

5709.82(B)(2): “An owner of property exempted from taxation… may… compensate school district or taxing unit by paying cash or by providing property or services by gift, loan, or otherwise”) The solar developer’s donation was keyed to the subdivisions’ respective fire departments for necessary equipment and training.Įconomic development practitioners will quickly see this as a fairly common occurrence in their project deal-making, which long has been blessed under state law – insofar as financial incentives are involved. In its review of a question posed by the Licking County Prosecutor’s office, the Ohio Ethics Commission answered “Yes” to the question, Whether a company building a solar-powered electric generation facility in the township and an adjacent village could donate money to the two political subdivisions? Ohio Ethics Commission signs-off on cash donations to local governments by solar development projects: In issuing an informal advisory opinion that allows a township and village to receive cash donations from a solar developer, the Ohio Ethics Commission assented to a common economic development practice.

This funding follows Governor DeWine’s State of the State address this year, in which he expressed desire to fund “local initiatives to revitalize downtown districts, enhance quality of life, and help rebuild the economies of Ohio’s 32 Appalachian counties.” ODOD will manage this grant program, with a focus on infrastructure, workforce, and health care initiatives. Treasury to nonentitlement units of local government (i.e., smaller municipalities, villages, and townships), the General Assembly appropriated an additional $500MM of the State’s ARPA funds to bolster “transformational projects” with “region-wide impact” in Ohio’s 32 Appalachian counties. State’s Appalachian region to receive $500MM in funding for transformational projects: Inserted into HB 377’s appropriations of the 2 nd tranche of ARPA funding from the U.S.

Impact on the United States: we will be become even more active in the global energy economy than we already are.

But reporting during the past week suggests Russia is doing just fine, thank you.

Impact on Russia: who knows? Because many of the world’s largest insurers are based in Europe, the Union’s ban on insuring Russian oil in ocean tankers could significantly raise the cost of shipping the country’s energy, which may hurt its top exporting business.

Ohio cra blight definition plus#

Impact on OPEC Plus oil producers and Western oil companies: stand to do well simply because oil prices are higher.China’s energy ties to Russia will strengthen. During 2022, Russia has become the second-biggest oil supplier to India, which has several large refineries that can refine Russian oil and sell the resulting fuels around the world. Impact on China and India: likely to be insulated from some of the globe’s higher oil prices – Russia is offering them discounted oil.This will become harder over time, and likely pivot the continent to exporters in the Middle East. European companies will have to scour the world for the grades of oil that their refineries can process as easily as Russian oil. Impact on Europe: higher oil prices – which have been increasing for months – as energy must be obtain from more distant suppliers, and sporadic shortages of certain fuels like diesel.The ban will include a prohibition on European companies insuring ocean tankers carrying Russian oil anywhere.īefore Russia’s invasion of Ukraine, roughly half of the country’s oil exports went to Europe, representing $10B/month in transactions. The ban will be phased in over six months for crude and eight months for diesel and other refined fuels. Thoughts on the ban of Russian oil’s impact on global energy supply and demand: The European Union’s pending embargo on Russian oil imports (save for pipeline-supplied oil to Hungary and other counties) may re-order the entire globe’s long-held status quo in the supply of energy.Īt the time of this writing, the European Union is crafting the details of its ban on Russian tanker-transported crude oil and refined fuels like diesel, which represent 2/3 of the Union’s oil purchases from Russia.