Already home to over 65 automotive suppliers and world-renowned automotive assets, Ohio’s 33 Smart Mobility Corridor continues to attract attention from around the world. Recent investment in fiber and smart transportation infrastructure, totaling $217 million, has allowed the corridor to emerge as the Midwest’s premier location for automotive testing, autonomous and connected vehicle research and development, and smart infrastructure implementation. Click here to discover more.
Opportunity Zone Program
The Opportunity Zone Program provides federal tax advantages to investors who seek to reduce or defer their capital gains tax burden and who invest in funds that funnel money into specific priority areas. An Opportunity Zone has been established in Union County. Click here to read more.
The Economic Impact of Tourism in Union County
Tourism is now one of the world’s largest industries and one of the fastest growing economic sectors in the United States. For many communities, tourism is seen as an important driver of economic development as it stimulates new economic activities. In Union County, the tourism industry generates more than $122 million in annual sales, $32.5 million in wages, $15 million in taxes, and is responsible for nearly 1,500 jobs. Click here to read more.