Ohio Attorney General Mike DeWine has released his 2013 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 2012.
The report determined 266 awards had a performance period ending in 2012. The report found that 146 awards were in substantial compliance while 120 awards did not comply, resulting in an overall compliance rate of 54.9 percent. The report also listed compliance rates by award categories:
Workforce compliance rate: 100 percent (14 of 14 awards in substantial compliance).
Grant compliance rate: 49.5 percent (52 of 105).
Tax credit compliance rate: 53.8 percent (56 of 104).
Loan compliance rate: 55.8 percent (24 of 43).
Norwalk Custom Order Furniture was listed as non-compliant on the Attorney General's list.
Norwalk Furniture was the recipient of a job creation tax credit, with the goal of creating 260 jobs. According to the report, 145 jobs were actually created.
As a sanction, Norwalk Furniture had its tax-credit rate reduced to 50 percent for tax year 2014.