Skip to main content
State Seal State Seal State Seal
Home Button Home Button Home Button
 

Democratic News

{"removedFilters":"","searchUpdateUrl":"\/news\/democrat\/update-search","start":1717,"pageSize":11,"sort":"PublishDateDesc"}

Today, State Rep. and highest ranking Democrat on the state budget panel Denise Driehaus (D-Cincinnati) stood in opposition to the state’s two-year, $131.6 billion budget proposal, House Bill 64. Democratic members said a bill of that magnitude should have been a strategic and targeted blueprint to grow the state’s economy for the future, but instead became a vehicle for tax cuts that favor the richest one-percent and last-minute attacks on working Ohioans.

“This budget doesn’t work to provide a real plan for the future of Ohio,” said Driehaus. “Not only does this budget fail to lay out a plan for growing and strengthening our middle class and Ohio’s economy for the future, it attacks working and middle class Ohioans.”

COLUMBUS—Today, the Ohio Democratic Women’s Legislative Caucus (ODWLC) hosted their virtual Women’s Lobby Day. The virtual event gathered participants from across the state to discuss policy solutions to the challenges Ohio women and families face.

 

State Rep. Kent Smith (D-Euclid) today announced a proposal to promote music industry growth in Ohio. The proposed Ohio Sound Recording Investor Tax Credit, or "OhioSounds," would provide incentives for music production, studio construction and recording within the state. Smith submitted the proposal for consideration in the state budget.

“OhioSounds would solidify the state’s commitment to our musical legacy and help encourage further creative endeavors from Ohio musicians while driving economic growth in a competitive industry and making Ohio a destination for musicians and producers,” said Rep. Smith. “This will not only inspire the next generation of The Black Keys or Bootsy Collins, but will provide a substantial economic return for communities across the state.”

Current data lists music industry revenues at nearly $7 billion annually. Rep. Smith wants to see some of that investment come to Ohio.

Rep. Smith’s proposal would provide tax credits for 25 percent of the related sound recording production costs for music projects created in Ohio. It would also refund 25 percent of music studio construction and recording infrastructure costs. To qualify for OhioSounds, production costs must exceed $5,000 per project, with a maximum incentive set at $50,000. If OhioSounds becomes law, the total amount of initial incentives would be capped at $3 million.

“We have the ability to attract talent not only from Ohio, but across the globe to create music, pioneer new technologies and contribute to our local economies. It’s a win-win,” said Smith. “We have the opportunity for people to be exposed to and fall in love with more Ohio talent. I think its a solid gold opportunity— maybe even platinum.”