OEDA Works to Protect PAB, New Market Tax Credit & Historic Tax Credit

Nov 15, 2017 | Advocacy

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  • Historic Tax Credit is modified to a 10% credit and the credit for pre-1936 buildings is repealed.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.

Roseville Officials Invest $7M to Revive Village, Offer New Business Opportunities

ROSEVILLE – Nearly a decade of grant-funded projects are transforming the village of Roseville.

Few will have the impact of a the new supermarket building. “It will be the centerpiece of a new downtown,” said Heidi Milner, the village’s fiscal officer.

It is nearing completion on part of the former Ungemach Pottery site on Potters Lane. Construction was funded by $750,000 in grants, the bulk of which was a USDA Rural Development Grant, and local investment. The new building features a grocery store, restaurant space and a walk-up window that could be used for ice cream orders. Garage doors on each side of the dining area will give it a pleasant summer atmosphere, as will a patio behind the building that opens facing the levy.

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Clinton County Port Authority Launches New Website

WILMINGTON, OH — The Clinton County Port Authority (CCPA) recently launched a new website, created by Golden Shovel Agency, to further strengthen its online presence and the economic growth of the community. The new site includes county-wide data, information specifically collected for site selectors, and local business resources to serve as a one-stop-shop for companies considering new investment or expansion in Clinton County.

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