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- Historic Tax Credit is modified to a 10% credit and the credit for pre-1936 buildings is repealed.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.
Join Your Peers at OEDA’s Core Courses, Starting in May!
The month of May brings the first of OEDA’s Core Skills Courses, with the Business Retention and Expansion Course taking place May 25-26. Read about all of the upcoming Core Courses here.read more
Ohio Air Quality Development Authority Builds a Strong Economy and Healthier Ohio
The Ohio Air Quality Development Authority (OAQDA) recently released its 2022 annual report, highlighting key results, video case studies and introducing a new tool to better measure the agency’s impact across the state.read more
Geauga Growth Partnership Holds Annual Business Meeting
Geauga Growth Partnership’s (GGP) Annual Business Meeting was a wonderful success, with over 170 local business owners, government officials, and community partners in attendance. The meeting took place on Wednesday, April 12th at 7:30 am, and was filled with engaging conversations and insightful presentations. One of the highlights of the event was the discussion with Mark Schweitzer, Senior Vice President of the Federal Reserve Bank of Cleveland. Attendees were able to gain valuable insights into economic trends and predictions of the business landscape.read more