OEDA Works to Protect PAB, New Market Tax Credit & Historic Tax Credit
The Ohio Economic Development Association has joined with a broad coalition of organizations asking members of Ohio’s congressional delegation to protect private activity bonds, the New Market Tax Credit and the Historic Tax Credit as important tools used for economic development in Ohio. Sharing examples of how these tools have been used in Ohio, OEDA sent letters and made calls to every member of the Ohio delegation and is seeing the results of these coordinated efforts as evidenced by the Senate legislation. For a sample of those letters, click HERE.
The Senate tax reform bill:
- Preserves the Private Activity Bond,
- Preserves the New Markets Tax Credit,
- Repeals advance refundings, and the
- Historic Tax Credit is modified to a 10% credit and the credit for pre-1936 buildings is repealed.
OEDA will continue to be engaged on both bills as they move through their respective chambers and the conference committee.
PORT AUTHORITY TO RECEIVE $3.5 MILLION STATE GRANT One-Time Strategic Community Investment Fund Grant to Support Airport Infrastructure
(Wilmington, Ohio) The Clinton County Port Authority is one of several entities in the State of Ohio that will receive funding from a unique, one-time $700 million fund established by the Ohio General Assembly. The One-Time Strategic Community Investment Fund (OTSCIF)...
Ottawa County $1.5M to Expand Workforce Programs
Ottawa County Receives $1.5 million to Expand Workforce Programs This week, the Ohio State Senate appropriated $700 million in projects included in SB 288 that will fund initiatives across the state through this one-time Strategic Community Investments fund. One of...
OHIO-BASED OMNI SYSTEMS CONTINUES GROWTH WITH ACQUISITION OF WEST CHESTER MANUFACTURER
OHIO-BASED OMNI SYSTEMS CONTINUES GROWTH WITH ACQUISITION OF WEST CHESTER MANUFACTURER OMNI Systems, the largest privately-owned label printing company in the U.S., has joined the West Chester community with its acquisition of Honeywell International’s media...