(COLUMBUS, Ohio)—Ohio Attorney General Mike DeWine today released his 2018 Report to the General Assembly on Compliance with State Awards for Economic Development. The report, which is required to be submitted by the Attorney General to the General Assembly pursuant to statute, analyzes whether companies and organizations who were awarded certain economic development incentives complied with the requirements of those state awards. Today’s report reviewed recipients which had performance periods ending in the calendar year 2017.
The report determined 186 awards had a performance period ending in 2017. The report found that 145 awards were in substantial compliance while 41 awards did not comply, resulting in an overall compliance rate of 78 percent. The report also listed compliance rates by award categories:
- Workforce Compliance Rate: 100 percent (3 of 3 awards in substantial compliance)
- Grant Compliance Rate: 100 percent (42 of 42)
- Tax Credit Compliance Rate: 75.5 percent (71 of 94)
- Loan Compliance Rate: 61.7 percent (29 of 47)