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- Historic Tax Credit is modified to a 10% credit and the credit for pre-1936 buildings is repealed.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.
OEDA announces and congratulates the 2019 class of OhioCEDs — Certified Economic Developersread more
As is the case for Ohio and as you all know, the most successful economic development efforts can be directly attributed to the assembly of a talented, highly cohesive and cross-functional team. Earlier this year, our statewide economic development network gained two engaged and energetic advocates in Gov. Mike DeWine and Lt. Gov. Jon Husted. Both are already passionate about being involved.read more
Communities across Ohio are realizing their possibilities for growth because of the investments Ohio is undertaking. Ohio has 320 Qualified Opportunity Zones in 73 counties, and the Ohio Development Services Agency is working to help local communities make the most of the opportunities.read more