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- Historic Tax Credit is modified to a 10% credit and the credit for pre-1936 buildings is repealed.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.
Ohio has reached a milestone in the Ohio Opioid Technology Challenge with the conclusion of the Idea Phase and the awarding of prize money for the five most innovative concepts to address drug abuse and addiction. Ohio put out a call for anyone with a technology solution to share their idea. Hundreds of average citizens, researchers, caregivers and service providers from across Ohio, the U.S. and nine countries participated, submitting bold and creative ideas that identify ways to accelerate solutions.read more
Jennifer Syx, President of inSITE Advisory Group, has been named a recipient of an “Achievement in Excellence” award by the National Sales & Marketing Executives (NSME) as part of their annual “Accent on Excellence” awards program, recognizing outstanding achievements by Sales and Marketing professionals in the Akron/Canton area. Awards will be presented on February 27 at Tangiers in Akron.read more
The Ohio Export Internship Program, a partnership between the Ohio Development Services Agency, Cleveland State University, The Ohio State University, and Youngstown State University, will match college students, who have taken export-focused coursework, to Ohio companies looking to pursue export opportunities. Half of the intern wages will be reimbursed, up to $3,600.read more