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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.


 
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