James B. "Jim" Renacci (born December 3, 1958) is the U.S. Representative for Ohio's 16th congressional district. He is a member of the Republican Party. He is an Ohio entrepreneur and former mayor of Wadsworth, Ohio.
Early life and education
Jim Renacci was born December 3, 1958, in Monongahela, Pennsylvania, a suburb of Pittsburgh. Renacci’s father was a railroad worker and his mother was a nurse.
Renacci earned a degree in business administration from Indiana University of Pennsylvania and became a Certified Public Accountant and financial advisor.
A self-made millionaire, Renacci is currently worth between $35 and $50 million and made salary, interest and other income of between $500,000 and $4.3 million in 2008 and 2009. In June 2006, the Ohio Department of Taxation assessed Renacci $1.4 million in back taxes, interest and penalties for unreported year 2000 income. Renacci stated that the dispute stemmed from a change in Ohio tax policy. He and his wife paid the State of Ohio more than $1.3 million, along with approximately another 1000 Ohio citizens who also fought the dispute.
In 2003, Renacci formed the LTC Companies group, a financial consulting service which included a partial ownership of three Harley-Davidson dealerships in Columbus, the Lifestyle Communities Pavilion in Columbus, and Renacci-Doraty Chevrolet in Wadsworth.
Renacci and LTC, over the years, have been a party in a series of legal cases, including two wrongful death suits related to Renacci's nursing home business, and a complaint filed by more than a half-dozen temporary employees alleging they were not paid for work they did for Renacci's medical billing firm. In each case, Renacci either settled out of court or the case was dismissed.
Renacci became a partner and managing board member of the Columbus Destroyers.
The team finished the 2007 season as the AFL Eastern Conference Champions with Renacci as President and General Manager. Renacci also served as AFL Executive Committee Vice Chairman and is a partial owner of the Lancaster JetHawks, a minor league baseball team.
U.S. House of Representatives
Renacci announced on August 24, 2009 that he will run for the U.S. House of Representatives in Ohio's 16th district. The Republican National Committee has identified the Ohio 16th district as a top target.
The National Republican Congressional Committee added Renacci to the "on the radar" stage of the Young Guns program on October 27, 2009. Renacci raised over $200,000 in his first month on the campaign trail.
On January 11, 2010, Renacci officially filed to run for Congress. The next day, Renacci's campaign was labeled a "Contender" by the National Republican Congressional Committee in its "Young Guns" program, the second highest status awarded to candidates.
Renacci defeated Democratic incumbent John Boccieri by 52% to 41% with 6% of the vote going to Liberatrian Candidate Jeffrey Blevins.
In a town-hall forum in Canton, Renacci stated that civil rights issues should be addressed by local governments and stating that the solution is "to get our federal government out of the way" because "it's not the federal government's job."
January 19th, 2012