A Joint Economic Development District (JEDD) is an arrangement in Ohio where one or more municipalities and a township agree to work together to develop township land for commercial or industrial purposes. The benefit to the municipality is that they get a portion of the taxes levied in the JEDD without having to annex it. Union Township enjoys a great relationship with the City of Milford to administer JEDD programs within the boundaries of Union Township.
A JEDD is used when communities desire to work together for shared tax revenue. Communities who desire increased income tax revenue from an industrial opportunity yet are unable to support the business or industry behind the increase in tax revenue alone, can contract with a neighboring community to share resources. This is done when a town cannot or will not annex the necessary land. Because both communities are involved and share their resources, economic issues afflicting both communities are alleviated. JEDDs CANNOT be used for residentially zoned areas.
Communities like to use JEDDs because they collect increased tax revenue without having to raise their own taxes or outlaying initial funding for property improvements. Participating communities enjoy increased tax revenue that facilitates a direct benefit for community infrastructure investments. Additionally, JEDD creation can alleviate any annexation pressures between neighboring communities since both equally benefit.
Current JEDD's in Union Township
Currently, Union Township works with the City of Milford to administer the JEDDs that exist in the township.