Cleveland Real Estate News

Read a short (and I do mean short) blurb in the PD today about Reps. Jay Goyal and Josh Mandel’s idea to give college tax credits to students who pledge to stay in Ohio after graduation. I began scanning the web for more info. The credits range from $5000 for an Associates Degree to $30,000 for a Masters. I see that Jill of WLST has already written about this in her usual questioning fashion so check out her blog for information. More info is hard to get at this point since it was just introduced on Wednesday I guess.

Jill brings up a good point about monitoring. I still have one question? How can these students KNOW they will stay in Ohio? Is it just an incentive to get them to interview with Ohio companies and they have to prove they have done so, even if they don’t get employment? How do they know they will be able to get that job here?

I finished my undergraduate degree at Northeastern University. Yes this was back when the Conestoga Wagons were circling on a regular basis. But their work study program was in full force even decades ago. You interned and worked in your field of study and they had an incredibly high percentage of placements for these students. That kind of system makes sense to me here in Ohio. And wouldn’t it be more of a guarantee of employment?  If not this system, then what system will be used to better enable graduates to get a job here?  Peace Out – 3C

I have a bit more time now so I can add more information as I find it. First, here is some detail about tax credits given in the state of South Carolina. Trying to find more about it but so far, seems either lacking in details about ‘forgiveness’ and/or residency, or there are no requirements.  More as I find it.

Here is an article about tax credit/loan repayment plan in Maine. It sounds like this may be the first year for their program. It seems they put a cap of $2100/student and as long as you work and are paying taxes in Maine, you can claim the credit. Doesn’t this make more sense on two levels? One, smaller credit (yes I know we’d all like our credits higher but who is paying for all this?) and 2) the credit doesn’t seem to be tied to a 10 year residency plan!

More to come – having trouble with broken links on line so I’ll have to keep ferreting.