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Posts in Financial Incentives.

Neyer Holdings and 8K Construction both won Ohio Historic Preservation Tax Credits for projects to add new apartments to the Findlay Market area of Over-the-Rhine in Cincinnati, the Cincinnati Business Courier reports.

More investors have been taking advantage of Ohio’s federal Opportunity Zones that allow them to “delay and reduce their tax payments on capital gains,” Crain’s Cleveland reports, but will that trend continue? In early 2023, “the Ohio Department of Development issued $42.2 million” in tax-credit certificates tied to ...

Eagerly anticipated details on the All Ohio Future Fund (Fund) are beginning to come to light. Ohio’s Office of Budget and Management (OBM) has scheduled a hearing December 11th on proposed rules for the Fund, which underwent a name change – from Investing in Ohio Fund – during the state budgeting process in 2023. Through the Fund, the ...

Dayton could declare county fairgrounds a blighted area to facilitate redevelopment 

Two NE Ohio projects awarded more than $1M in tax credits

New round of TMUD tax credits available

Capital University selects developer for Bexley Main Street property

 

Developer celebrates progress on $1B Cincinnati-area riverfront project 

Port authority approves financing for Bridgeworks project in Cleveland

New CRA in Kettering could spur new investment and improvements in older neighborhoods

Officials approve proactive CRA for Jersey Township to secure voice in future abatements

If you were living your life fully in late December 2022, you can be excused for having missed a big deal in the world of the American Rescue Plan Act. Your “B-sides” authors, however, grew excited at the prospect of new eligible funding categories (i.e., additional buckets of use) for recipients’ ARPA allocations. 

Bexley mayor hopes to see mixed-use, mixed-income redevelopment of Main Street site

Federal energy policy is making many new incentives available for local governments to fund energy-related assets. The Inflation Reduction Act (IRA), enacted in 2022, established a set of energy-related asset categories that are now being directly subsidized by the federal government. Under the IRA, nearly any advanced or renewable energy asset ...

2023, the year of the rabbit in the Chinese zodiac, may well turn out to be the year of the CRANE (Community Reinvestment Areas in Need of Expertise) in Ohio. On January 2, 2023, Governor Mike DeWine signed Substitute Senate Bill 33, which, in large part, modifies not only the establishment and management of Community Reinvestment Areas ...

Two central Ohio projects win TMUD state tax credits

New Albany looks at expanding CRA, Opportunity Zone

Eleven large Central Ohio projects seek $107M in TMUD tax credits

Bricker & Eckler has launched a Megaproject resource center on its website to showcase its experience advising clients on laws governing project finance, economic development and construction related to Ohio's growing number of Megaprojects. Visit the resource center >> 

State awards $205M in incentives to Ford’s $1.5B expansion to Avon Lake plant

Central Ohio projects compete for new transformational mixed-use development tax credits

New tax abatement policy aims to increase affordable housing in Columbus

DSW parent company’s request to cancel tax incentive approved

Expansion projects in Allen County seek tax abatements

State awards tax credits for $27M redevelopment of historic Cincinnati buildings 

 

Google’s new $300M Columbus data center begins construction 

Columbus’s incentive strategy attracted $4B in projects in 2021

Owners of former Columbus Castings site plan $100M investment in three new buildings

Carnation Mall redevelopment moving forward with TIF approval from Alliance

Downtown Newark Arcade project awarded $1M from the state

Grant and TIF package approved for Worthington’s High North project 

Columbus reforming tax incentive program to require more affordable housing

Nearly $85M West Carrollton river district project could be “catalytic”

Developer seeks state tax credit for $107M downtown Cincinnati project

Public/private partnerships fueling economic development surge in Painesville

Downtown Cincinnati apartment project gets initial approval for tax incentive

Much ballyhoo has accompanied the U.S. Treasury’s publication in January 2022 of its Final Rule in the use of American Rescue Plan Act (ARPA) funds. Local governments across the country are scrambling to deploy their stimulus funds in response to the pandemic, pay essential workers, provide government services, and invest in water, sewer and ...

With the U.S. Treasury’s January 2022 release of its Final Rule in the use of American Rescue Plan Act (ARPA) funds, we began publishing this series of articles reviewing the lesser publicized aspects of that guidance (hence, the “B-sides” moniker). In this edition, we address the Treasury’s presumed eligible use of federal ...

TIF plan for Carnation Mall in Alliance moves forward

 

Dayton: tax incentives supported $200M in new investment in 2021

Tax incentive helps bring Buckeye Sports Center to Huron

Insurance company’s $8M expansion will create 150 new jobs in Cincinnati

State offers incentive for $900M manufacturing project that would bring 1,200 jobs

Staq Pharma Inc. to add $50M Columbus-area plant, bring 300 jobs

$1B project would bring housing, commercial space to Obetz

Defiance considers DRDs to fund infrastructure and incentives

Tax incentive proposed for Van Aken District project

CFFA’s “strong year” in 2021 included more than a half billion in financing

Ardagh to invest $411M in Huron facility 

Jaguar Transport Holdings to build $12M facility in Marion

Continuing our series of articles reviewing the lesser publicized aspects of the new American Rescue Plan Act (ARPA) guidance (hence, the “B-sides” moniker), we address the U.S. Treasury’s issued guidance as to using federal stimulus funding to seed local governments’ revolving loan funds (RLFs). Specifically, we have clearer ...

Tax rebate will keep Sweeping Corp. of America HQ in Seven Hills

 

Bricker & Eckler energy attorneys Kara Herrnstein, Karia Ruffin and Dylan Borchers will present a webinar, Tuesday, January 25, 2022, at 10:00 a.m. EST, to recap an active 2021 year for solar development in Ohio and look ahead to potential development trends and issues in 2022. Topics covered will include a survey of projects at the Ohio Power Siting ...

OSU Innovation District scores largest-ever Columbus jobs incentive at $47 million

SK Food Group chooses Columbus after nationwide search for new facility

Dayton Arcade developer plans to invest $124M for next phases

The Ohio Department of Development (ODOD) released rules and associated program guideline documents (Brownfield Remediation and Building Demolition and Site Revitalization) to govern the disbursement of $500 million in total grant funds for distressed properties in Ohio. The rules were emergency filed and are effective as of December ...

Orange extends Pinecrest TIF an additional 30 years

Upstart Holdings adding 508 jobs to Columbus staff

City of Columbus came out ahead on tax incentive deals in 2020 despite missed goals

Four projects win $4M in JobsOhio Vibrant Community grants

Hogrefe Building awarded $1M state grant for $8.8M restoration 

Hillsboro approves four TIFs to fund public improvements, transfer of park to CIC 

Port, Neyer Properties partner on former Dow Chemical site redevelopment

Central Ohio developer plans $20.9M speculative cold storage facility near Rickenbacker

Historic Hamilton mill $20M restoration would include 100 apartments, commercial space

Pataskala approves CRA, TIF for large-scale facility

Sandusky approves TIF for $8.8M Hogrefe Building project

Newark Arcade’s $15M restoration granted $1.1M in state historic tax credits

Centerville considers TIF for $2M development

For many observers tracking the state budget bill, the General Assembly’s change in the name of the state’s development agency – reverting back to the Ohio Department of Development – was breathtaking in and of itself. However, two new funding lines inserted into the measure (H.B. 110), representing $500 million in total grant funds ...

Studio West’s LGBTQ+ entertainment complex development agreement includes TIF

Hillsboro considers four TIFs, transfer of park to CIC 

During the past decade, county land banks ramped up operations across Ohio largely employing one-time cash. The Hardest Hit Fund (HHF), sourced from Ohio’s share of mortgage industry settlement payments related to the Great Recession, was a catalytic funding source for demolishing thousands of vacant and abandoned residential structures ...

Butler County’s economic development plans include millions in investment

First Solar investing $680M to build third Toledo-area factory

Three Cleveland redevelopment projects approved for financial aid packages

New Ohio House bill could affect tax abatement deals, mayors say

On June 1, 2021, the Ohio Senate Finance Committee released its version of the state’s biennial operating budget (HB 110), which must be signed into law by June 30, 2021. As often happens, there are millions of dollars in appropriated funds across state government, and then there are actual, no-kidding changes to unrelated elements of Ohio law also ...

Peloton’s first U.S. factory will bring $400M and 2,200 jobs to Ohio

Cincinnati approves TIF for $500M District at Clifton Heights development

In May 2021, the federal 6th Circuit Court of Appeals in Cincinnati sent a county land bank case back to the district court in Dayton for reconsideration. Rejecting the winning argument at the lower level—that the owner of an abandoned property had her chance to raise objections earlier in a tax foreclosure process, which she didn’t—the ...

Upper Arlington to get a community center in Kingsdale redevelopment project

Waterville considers downtown redevelopment district to promote economic development

Mondrian could be Franklinton’s tallest tower at 15 stories, adding affordable housing

Construction of 750,000-square-foot Owens Corning Heath warehouse begins

Richland County approves enterprise zone agreements, creates economic development office

PureCycle will invest $363M in Ironton factory, create more than 50 jobs

In late April 2021, a legislative committee in the Ohio House held its second hearing to consider creating a $100 million grant program, exclusively for county land banks, to fund commercial building demolition. Ohio’s land bank statutes are recognized as a national model, uniquely providing an opt-in for county commissioners to direct tax ...

Bricker & Eckler will present a free webinar, "American Rescue Plan Act of 2021 (ARPA) Impact on Local Governments and Small Businesses," for the Toledo Regional Chamber of Commerce, Tuesday, April 20, at 2:00 p.m. EDT.

Former Kroger bakery near downtown Columbus could become apartments

West Jefferson expands CRA to two additional properties

Historic Cleveland building redevelopment awarded $1.5M tax incentive

Columbus City Council considers incentives for $300M data center on south side

Six Bricker & Eckler attorneys will be featured as part of HalfMoon Education's live, interactive webinar, "Issues in Ohio Energy and Electric Utility Regulation," Thursday, March 25. For more information, visit the registration page.

Macy’s awarded state tax credit for $30M expansion in Jackson Township

Developing former AEP plant could benefit Fort Frye school district

Proposed 108-MW Licking County solar field would power Amazon, Google, Facebook

Cincinnati City Council looks at creating project scorecard to award incentives

Golden Bear Shopping Center $56M redevelopment will proceed, follow original plans

 

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