Ohio Can Market Your Town

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1 Ohio Can Market Your Town Director David Goodman Ohio Development Services Agency The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services The Heart of Ohio A strong Ohio makes everyone stronger A quality workforce is critical to long-term economic strength State support of Ohio villages, townships, towns and cities Ohio is an attractive option Ohio is Back on Track Job creation is up and Ohio leads the nation 253,000 new private sector jobs Wages growing faster than the nation 1

2 Ohio is Back on Track Budget gap closed. Ohio has the 7 th strongest fiscal foundation among all states. Rainy Day Fund was 89 cents; now more than $1.5 Billion a state record. $2.7 Billion Net Tax Cut Cut Small Business Income Tax 50% Immediately. Cut personal Income Taxes 10% over Three Years; updated withholding tables. Largest Tax Cut in the Nation. But it is not enough. Why Tax Cuts? Brings long-term economic growth Low taxes foster growth; High taxes discourage it Stay competitive Other states moving to lower rates More Good News Lowest unemployment in more than 7 years Businesses are being created at a record-setting pace Record-setting exports 2

3 Building the Workforce of Tomorrow, Today Daryl Hennessy Business Services Division Chief The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services Workforce of Tomorrow Facilitating the jobs match Forecasting: determine future needs Aligning: make the most of resources Forecasting Ongoing Survey of employers Focus on Industries we are recruiting Converge Labor Market information Converge job posting trending Establish timelines for the trends 5 years 3 years 1 year 3

4 Aligning 91 programs across 13 state agencies Some have specific goals; not always performance/outcome based 3 largest should share one uniform plan All are federally funded All have a similar monitoring The goals can be uniform Incumbent Workers Number of Grantees funded 430 Number of individuals trained 15,931 Average Cost Per Trainee $453 Incumbent Workers Created a career path for advancement 5,131 individuals Assisted with employee retention (layoff aversion) 3,547 Provided new skill for current position 13,922 4

5 Appalachian Grant Welders Needed Now Number of individuals trained 40 Average Cost Per Trainee $3,750 Ohio Means Jobs Website Matching Technology Matching Skilled Workers and Jobs One Stop Shop Lifetime of Opportunity 5

6 Putting Money into Local Communities Sadicka White Chief, Community Services Division The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services Community Development Community Block Grants keep giving Infrastructure State funds provide gap funding Look at the total picture: Timelines Resources for Cities and Counties Federal Funds for Economic Development Economic Development Block Grants Grants for publicly-owned infrastructure improvements 6

7 Loans for Cities and Counties Granted to community Community lends money to beneficiary business Loan repayments to community s Revolving Loan Fund Future loans for economic development Must have skin in the game Infrastructure Granted to community for the public improvements Gap financing Requires fixed asset investment and job creation Case Study - Newark 7

8 Downtown Revitalization Planning Funding Options Packaging Local Share Downtown Revitalization Restoration Retail Residential Jobs Local taxes Historic Preservation Tax Credit Unique selling point History and charm Inspires loyalty Capitalize on visitors 8

9 The Economic Impact of Tourism in Ohio The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services Image of Ohio A place I would enjoy visiting Travel Motivators 9

10 Visitors Business 17% VFR 47% Marketable 36% Overnight Trips 37.1M Total Trips to Ohio in % 19% 193.2M 1.5M (international travelers) Total 194.7M Day Trips 156.1M Overnight vs. Day Visitors Source: Tourism Economics, Longwoods International Traveler Spending Breakout Share of Total 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Trips Day Overnight Spending 10

11 Regions Visited on Overnight Trips Total 37.1 Million Trips Base: Visitors who spent time in Region Northwest Region 7.3 Million Northeast Region 14.3 Million Central Region 11.0 Million Southwest Region 9.4 Million Southeast Region 2.8 Million Economic impact Visitor Spending Visitors to Ohio destinations spent 4.6% more in 2013 than in Visitor spending of $29.9 billion generated $45.3 billion in total business sales in 2013 as tourism dollars flowed through the Ohio economy. Visitor Counts Ohio hosted 195 million visits in 2013, surpassing the previous high set in Day visitation remained strong as improving economic conditions and moderating growth in transportation costs supported travel decisions. We re All in this together First they have to be open to come to Ohio. Then they will consider your area. Each can have its own identity but we need an umbrella brand to increase the value of everyone s travel product. What s next. 11

12 Questions? The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services 12

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