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GLIN==> Horn Network Update #19



Posted on behalf of Sen. Charles Horn <chorn@mailr.sen.state.oh.us>

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HORN NETWORK - UPDATE #19
OCTOBER 1999

ECONOMIC DEVELOPMENT ADVISORY COMMITTEE
Ohio State Senator Charles Horn offered an amendment to H.B. 442 of the
121st  Ohio General Assembly that appropriated $500,000 for a comprehensive
analysis of Ohio's economic development incentive programs. The Advisory
Committee, 7 members appointed from the public and private sectors, began
their work in January 1997. The committee, to be known as the Economic
Development Study Advisory Committee (EDSAC), chose to concentrate on Ohio's
twelve largest economic development programs with the Enterprise Zone
program receiving special emphasis. In May of 1997 the Committee selected
The Levin College for Urban Affairs, located on the campus of Cleveland
State University, to direct the study.  The impetus of this study was
determine whether the benefits received by state and local governments,
private citizens, and taxpayers through programs labeled as economic
development truly outweighed the cost of these programs.  In May of 1999,
the Cleveland State team completed it's report "An Assessment of the Costs,
Benefits, and Overall Impacts of the State of Ohio's Economic Development
Program" and submitted it to EDSAC as the final report.  The complete
report, executive summary, minority opinion, and the transmittal letter to
the citizens of Ohio are all available on Senator Horn' website at:
<http://www.senate.state.oh.us/horn/> (under the Economic Development link).

ENTERPRISE ZONES
Furthermore, Dr. Peter Fisher and Dr. Alan Peters of the University of Iowa
were contacted to perform the analysis of the Enterprise Zone component of
the EDSAC study using their Tax And Incentive Model (TAIM).  The Enterprise
Zone program was targeted as a priority due to the proliferation of
Enterprise Zones in Ohio.  While this Peters & Fisher report had significant
input into the EDSAC final report, some of it's finding were excluded and
edited from the final report.  This report, unedited and in it's entirety,
along with two other economic studies performed by Peters & Fisher can also
be found  at: <http://www.senate.state.oh.us/horn/> (under the Economic
Development link).

Should you have any questions or concerns please contact my Legislative
Aide, Chris Vaughan, in my Columbus Office at (614) 466-4538 or email him at
cvaughan@mailr.sen.state.oh.us.



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