Business & Technology
Thu March 1, 2012
Ohio Attorney General Adjusts Report on Business Incentives
Ohio Attorney General Mike DeWine has adjusted a recently released report on state business incentives to show almost six in 10 recipients of economic development grants, tax credits and other perks have met the conditions of their state agreements.
That's an improvement from a December version of the report, which found nearly half of recipients had failed to meet their terms.
Overall, the adjusted compliance rate is 59 percent, up from about 52 percent originally calculated. A total of 199 businesses met the terms of their deals; 138 did not. Awards reviewed were from 2005 to 2010.
DeWine's office made the changes after receiving 1,622 additional files from the state Department of Development that administers the incentives.