Greater Cleveland Partnership recently offered proponent testimony for Ohio House Bill 110, the two-year state budget bill.
“GCP greatly appreciates that House Bill 110 currently presents a balanced budget approach without any readily apparent tax increases,” the testimony states. “Predictability and stability are key factors to consider as the business community continues to navigate an uncertain environment.”
There are several key provisions that GCP supports, many of which align with the organization’s 2021 – 2022 Public Policy Agenda, including:
- Preserve Ohio’s small business tax deduction on the first $250K in business income
- Sustain Ohio’s current commercial activity tax (CAT) rate
- Support the $460 million grant proposals that would aid small businesses, new businesses, bars and restaurants, lodging facilities and indoor entertainment venues
- Approve the proposed funding for broadband affordability issues in urban areas
- Advance the $200 million proposal to provide up to $2.5 million grants for infrastructure projects
- Authorize $100 million to expand the Cleveland Innovation District
- Fund the H2Ohio program fully with $240 million
- Support technology-focused credentials through the TechCred Program, including the Individual Microcredential Assistance Program
- Approve $15 million to support targeted workforce investments in economically distressed rural and urban communities
- Devote $16 million toward the goal of helping high school students earn 70,000 workforce credentials each year; support the additional $25 million proposal to aid schools in offering new and high-demand credentials to students
- Support the expansion of Ohio to Work to help Ohioans facing job loss connect with a career coach, supportive services, and rapid re-training to become employed in an in-demand job
- Fund the Industry Sector Partnership Grant to support partnerships among business, schools, training providers, and community leaders, strengthening the local workforce; these partnerships develop and enhance career pathways for workers in specific industries
- Support and expand programs like the Export Internship, Diversity & Inclusion Internship, and Choose Ohio First
- Guarantee every student in Ohio has access to computer science education
The Ohio House of Representatives will continue hearing budget testimony from proponents, opponents, and interested parties via various subcommittees. Once complete, the House Finance Committee will formulate a new version of the bills on recommendations from subcommittees. GCP will remain active throughout this process, providing the perspectives of the Northeast Ohio business community and advocating for provisions that will strengthen our regional economic outlook.
Following an affirmative vote by the House of Representatives, the bill will be considered and amended by the Senate, and ultimately be considered by a conference committee of both House and Senate Finance committee members. The agreed-upon version of the budget must be signed by the governor by June 30 for the appropriations to take effect on July 1, 2021.
Read GCP’s full testimony here.