Bill > SB29

This bill amends Ohio Revised Code section 715.72 to modify the rules for creating joint economic development districts (JEDDs), specifically allowing two or more municipalities to create a JEDD without involving a township. The key provisions include changing the definition of "contracting parties" to allow municipal corporations and townships to collaborate more flexibly in establishing economic development districts. The bill maintains the core purpose of facilitating economic development, creating jobs, and improving economic welfare by allowing more streamlined district creation. Specifically, the bill adjusts requirements for district territory contiguity, board composition, and the process for establishing and amending JEDDs. It preserves important existing provisions like requiring public hearings, petition signatures from property owners and business owners, and potential voter approval. The changes make it easier for municipalities to work together to create economic development zones, potentially simplifying regional economic collaboration by reducing the previous requirement to involve a township in every JEDD formation.

Government Affairs

https://www.legislature.ohio.gov/legislation/136/sb29