Attorney General releases 2012 Economic Development Compliance Report

Ohio Attorney General Mike DeWine has released his 2012 Report to the General Assembly on Award Recipient 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 compliance with the terms of economic development awards for recipients which had performance periods ending in calendar year 2011.

The report determined 255 awards that had a performance period ending in 2011.

The report found that 162 awards were in substantial compliance while 93 awards did not comply, resulting in an overall compliance rate of 63.5 percent.

The report also listed compliance rates by award categories:

• Workforce compliance rate: 89.9 percent (80 of 89 awards in substantial compliance).

• Grant compliance rate: 48.6 percent (36 of 74).

• Tax credit compliance rate: 59.5 percent (25 of 42).

• Loan compliance rate: 42.0 percent (21 of 50).

For a county-by-county look at the report, go to: http://www.ohioattorneygeneral.gov/OhioAttorneyGeneral/files/2b/2b1836f…

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