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Posts in Financial Incentives.

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

 

Toledo officials working to position former mall property for redevelopment

Lakewood considers TIF for $43M “watershed” redevelopment projects

Crosley Building $50M redevelopment plan gets key approval

Daimler Group to build $19.2M office building at Hamilton Quarter

 

New legislation enacted during the recent lame duck session of the General Assembly may alter the allocation of the federal income tax deduction granted for the design and installation of energy-efficient commercial building fixtures. Substitute Senate Bill 259, signed by Governor DeWine on January 9, 2021, requires public entities to ...

Taxpayers can now access a new, nonrefundable insurance premium tax credit for capital contributions to certain “transformational mixed use developments” (TMUDs).  

Municipal port authority would expand Middletown’s economic development options

Bricker & Eckler, along with national and state partners, will host a webinar Tuesday, January 12, 11:00 a.m. - 1 p.m. EST, to recap significant PACE industry developments from 2020 and preview what’s on the horizon for 2021. The webinar will focus on the Ohio, Kentucky, Michigan and Pennsylvania markets. Special guest Colin Bishopp, Executive ...

New law could “dramatically change” Ohio’s downtown skylines

2,000-acre site in Delaware County to become Berlin Business Park

Cleveland City Council grants 30-year TIF extension to $500M Flats East Bank project

Tax incentives for $260M downtown Cleveland housing project approved by panel

Middletown adds 10 years to downtown TIF district 

Tax incentives for new housing and MLK library branch get approval from Cleveland City Council committee 

Western Reserve Building owners request tax incentives for $13M renovation

A new legislative proposal may impact the amount of compensation that must be paid to joint vocational school districts located in enterprise zones. 

Hillsboro economic development and parks projects moving forward

Franklin approves abatement for manufacturer’s $4M expansion

Hillsboro farm goes solar with 60-panel rooftop installation

Bricker & Eckler attorneys Jeff Harris and Ty Compton, and Cuyahoga Land Bank President and General Counsel, Gus Frangos, will present a webinar, Thursday, November 19, 1:00-2:30 p.m. EST. Designed to inform developers how to drive stabilization, revitalization and economic growth in communities, this webinar will feature best practices for ...

KBI building owners seeking TIF for $19M investment to redevelop property

Gallipolis manufacturer to invest $330K in expansion

COVID-19 hasn’t stopped development, investor interest in Licking County 

Beachwood considers expanding CRA to promote economic development

GM to repay $40M in tax credits for shuttered Lordstown plant

PACE funding will help $45M Fairview Park project redevelop former NASA buildings

Fuel cell company awarded Job Creation Tax Credit for Dayton-area expansion project

Cleveland Flats East Bank project could be first to secure rare TIF extension

OSU and Nationwide Children’s reach deal on site for gene therapy manufacturing

Amazon plans to invest another $250M in Central Ohio for fourth distribution center

Columbus develops UTC to simplify EV adoption for fleets

Cleveland should continue tax abatement program, but with modifications, report says

Canton establishes ESID, approves tax exemption for Hall of Fame Village Hotel II project

Three big Columbus projects granted state historic preservation tax credits

Lawsuit claims Cincinnati’s residential tax abatement program increases racial disparity

Campbell City Schools converting all buildings to clean energy

Carvana receives JobsOhio grant for $24M investment, 400 new jobs

On July 17, 2020, the Columbus Regional Special Improvement District (ESID)'s PACE financing program, administered by the Columbus-Franklin County Finance Authority, announced that they have now closed over $100 million in funding for local energy-related projects.

Butler County projects win tax credits for promised 464 new jobs

Ohio Attorney General pushes for GM to repay $60M in tax incentives after plant closure

Central Ohio pursues public tech company’s 285-job operations center

Lower Price Hill mixed-use project wins federal tax credits and loans for construction

Huber Heights establishing incentive programs to bolster economic growth

Mansfield proposes citywide CRA

Zanesville wins grant to promote Opportunity Zones

We’re pleased to release an updated and revised Economic IncentivesToolkit. Our team of experienced attorneys sharpened their pencils and rewrote large segments of the guide for this year. We updated the Toolkit for new JobsOhio programs, such as the Ohio Site Inventory Program.

$27M project near Dayton airport expected to create 100 new jobs

After initially extending the deadline for the Spring 2020 Economic Development/Government Equity (ED/GE) grants, Montgomery County has suspended this round of grants due to the COVID-19 pandemic.

Incentive packages will keep Sherwin-Williams jobs, investment in NE Ohio

In 2020, Ohio’s development officials are again awarding large amounts of grant funding to commercial and industrial development projects that don’t have known end users. JobsOhio is now in the midst of launching a $50 million per year grant and loan program for spec-based opportunities.

OSU Extension specialists explain solar farm leasing for landowners

PACENation, a national trade association providing education, advocacy and resources for PACE financing, selected Columbus, Ohio, as the site of its 2020 Annual Summit, which will be held March 30-April 1.

The Opportunity Appalachia forum, held in Marietta, Ohio, on January 14, brought together approximately 75 local leaders in southeastern Ohio to learn more about the federal Opportunity Zone program. 

Cuyahoga Falls approves tax incentive for company bringing jobs, $22M investment

C-pass program helping downtown Columbus companies attract and retain employees

Team NEO, Ohio Economic Development Association (OEDA) and Bricker & Eckler will host a half-day economic development conference, Thursday, January 16, 2020, 7:30 a.m. - 1:00 p.m., at Corporate College East in Warrensville Heights, Ohio. The conference will include presentations, panel and roundtable discussions on the importance of having a ...

Dayton Arcade awarded $2.75M in state tax credits for Third Street Arcade rehab

Canadian auto parts supplier to open first U.S. facility in Toledo

 

Steel manufacturer plans Dayton area expansion, doubling its local workforce

$120M Oregon East project will create “vibrant, mixed-use district” in downtown Dayton

On November 14, 2019, Ohio Governor Mike DeWine unveiled his long-awaited H2Ohio Water Quality Plan, a program aimed at reducing phosphorus runoff and harmful algal blooms, improving water infrastructure (including tackling the problem of failing septic systems) and preventing lead contamination to water in Ohio.

Introduced on October 26, 2019, House Joint Resolution 2 (HJR 2), titled the “Ohio Critical Infrastructure Protection Amendment,” seeks to place a constitutional amendment before Ohio voters prohibiting foreign businesses and individuals from having a majority ownership interest in critical infrastructure located in Ohio.

Not only is Ohio a Property Assessed Clean Energy (PACE) leader among other U.S. states, but, as of mid-2019, the Columbus region “had the largest total commercial PACE investment of any single metropolitan region in the nation.”

Dayton Arcade developer seeking critical state tax credits for next phase

Municipal Light Plant creative redevelopment “rapidly coming together”

Parma considering TIF for Midtown Plaza redevelopment 

Zoning changes approved for Trolley Barn redevelopment project

United Candle Company creating 100 new jobs in Muskingum County

Proposed $30M redevelopment would revive historic Dayton high-rise 

Columbus approves incentives for $500M in major downtown projects 

Developer plans $77M Artistry Cincinnati mixed-use project near Ohio River

Issued by local government entities, PACE (Property Assessed Clean Energy) bonds allow residential or commercial property owners to finance energy improvement upgrades to their properties. Bonds may be issued and sold directly to the property owner, to a third-party lender, or to institutional investors. Until recently, as Bricker’s Public ...

Tax abatement will help bring new life to former Anthem HQ

Delaware County 2,000-acre Berlin Business Park would focus on commercial, light industrial

Zanesville begins talks about new Downtown Redevelopment District

Delphos kicks off Energy District with city project

Bexley says CRA could fund Mayfield Place remediation and remodel 

Brecksville considers TIF for mixed-use project

With this week’s financial closings, the historic Dayton Arcade revitalization project is underway.

Two Cleveland development projects will generate combined $4.2M in annual payroll

Approval from city “sets stage” for Dayton Arcade’s financial close

Mayfield Village looks at CRA to incentivize business

 

Ohio Senate passes bill to authorize state tax credits for Opportunity Zones investments

Gov. DeWine proposes income tax credit for investors in distressed communities

Delaware approves mixed-use Kerbler project in Orange Township

Two Cincinnati-area health care firms awarded $11.7M in clean-air financing

Big projects changing Middletown’s once-stalled downtown

Development agencies eagerly anticipate Opportunity Zones’ possibilities

Three NE Ohio manufacturers adding 599 jobs and $31.2M payroll win tax credits

New Albany will be site of $600M Google data center

Ohio SB 8 would authorize tax credits for Opportunity Zone investments

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