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- Historic Tax Credit is modified to a 10% credit and the credit for pre-1936 buildings is repealed.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.
Ninety percent of the Kenworth Class-8 global truck volume is built in Chillicothe, Ohio!
On April 24, 2019, the community celebrated the groundbreaking for a new paint facility that will improve efficiency and preserve the quality of The World’s Best Truck. The project represents $140 million in capital investment and will bring 100 new, great paying jobs to Ross County upon its completion in 2021. The Kenworth Chillicothe plant, which opened in 1974, currently employs more than 2300 people. In addition to the new paint facility, a $30 million robotic cab assembly system will be installed this summer.read more
Five Ohio communities were awarded $1.9 million in brownfield funding today, as part of the allocation of a $64 million allocation of grants to 149 Communities.read more
The JobsOhio Board of Directors hosts quarterly public board meetings across the state. These meetings are excellent opportunities to receive updates regarding on-going projects, JobsOhio’s compliance and accountability efforts, regional results and much more. This...read more