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Thanks to a partnership among the Morrow County Development Authority, the Board of Morrow County Commissioners, and the Morrow County Engineer, the county will get a new engineering facility that will reduce costs, increase efficiency, and pay for itself in 20 years, the Morrow County Sentinel reports. The new garage “will be a roughly ...

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 

Crawford Hoying gets approval for $150M mixed-use project in Hamilton

New round of TMUD tax credits available

Developer to build $8M spec building in Marysville

Port authority approves financing for Bridgeworks project in Cleveland

$31.8M for affordable housing will have ‘profound impact’ on Cincinnati

Solar company investing $13.5M in expansion in Henry County

 

Automotive supplier investing $2M in Ross County expansion

First-round awards in Appalachian Community Grant Program total $17M

Renaissance Cleveland Hotel awarded $9.1M in TIF bonds from port authority

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 ...

Manufacturer will invest $10M in Monroe County facility, add 15 jobs

New Community Authority could provide money for new development in Mount Vernon

Cincinnati brewery will transform Brentwood Bowl to production and taproom space

Two central Ohio projects win TMUD state tax credits

Proposed $26M Springfield sports and event center could have major economic impact in Miami Valley

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 >> 

Study shows Granville could reap benefits from CIC, CRA, and JEDD

New details of $500M Appalachian Community Grant Program released

$500M in Ohio Appalachian grants provides “once-in-a-lifetime” opportunity

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

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

Guernsey County Port Authority allocated $2M grant for economic development

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

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

Downtown Sandusky’s Hogrefe Building to celebrate opening in March

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

Port Authority tops $200M in deals for Dayton area in 2021

Much has been written by various prognosticators regarding the January 6, 2022, release by the U.S. Treasury of its final rule as to the use by state and local governments of federal stimulus funding under the American Rescue Plan Act (ARPA).

Cincinnati Port approves financing tools for $100M in area projects

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

Toledo-Lucas County Port Authority’s 2022 plans include expansion of bond fund lending

Lima establishes Opportunity Zone equity fund

Orange extends Pinecrest TIF an additional 30 years

New Norwalk Economic Development Corp. director talks development with City Council

JobsOhio partners with six port authorities to boost bond capacity with $50 million

Manufacturer’s $1.1M expansion adding 21 jobs to Knox County

Proposed TIF would fund downtown Sylvania improvements

 

Application deadlines for ARPA broadband funding: August 13 and August 20

White Castle plans $27M Dayton-area expansion, 30 new jobs

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 ...

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 ...

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 ...

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 ...

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.

Bricker closes Northern Michigan PACE project

Bricker & Eckler’s Bell to present PACE financing at Smart Columbus Energy webinar

Columbus-Franklin County Finance Authority’s 2020 was success despite pandemic

Second downtown Dayton investment fund created to fill funding gaps

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 ...

JobsOhio will pay $200,000 for SpaceX satellite broadband test in Allen Township

Inaugural loan from new CFFA program will fund community center 

A new proposal in the Ohio legislature would render commercial and industrial Community Reinvestment Area (CRA) projects akin to “pre-1994” treatment.

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 ...

Former Geauga Lake amusement park to become mixed-use Geauga Lake District 

New PACE agreements approve $14M in financing for St. Clair Inn, Hotel Harrington 

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

Cincinnati City Council member would like to add TDDs to toolbox for infrastructure 

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

NOPEC $35,000 grant will fund Lakewood’s fifth EV charger 

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

DriveOhio outlines statewide strategy for EV charging

Volkswagen settlement money funding Ohio EPA grants for EV charging stations

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.

NOPEC grants fund Painesville Township energy efficiency improvements

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

With $30M investment, Cuyahoga County could double solar power generation in five years 

Tomco Machining, a producer of tubular assemblies for commercial and military clients, is “on track to finalize a nearly $3 million project by mid-May,” which will enable them to expand their workforce, the Dayton Business Journal reports. 

What 2020 could look like for C-PACE financing

ESID will allow $30M Traditions of Lebanon facility to use PACE financing

Cincinnati firm awarded $6M in state financing for nursing facility construction

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.

New partnership of UC, JobsOhio and hospital could create $3B annual economic impact

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.

In an upward climb, Ohio’s investment in property assessed clean energy increased by over 42 percent from 2018 to 2019. 

Greater Cincinnati Energy Alliance has record-breaking year for PACE financing

Madison Village approves Energy Special Improvement District

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

Columbus developer secures $3.5M in C-PACE financing for $20M Hyatt House

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

Downtown Toledo TIF proactive step to fund improvements

Fairborn joining PACE program to add to economic development toolbox

Bricker & Eckler is partnering with various Ohio advancement groups to offer two economic development training events: October 25 in Piketon, Ohio, and November 20 in Cambridge, Ohio.

Caleb Bell, PACE attorney and chair of the firm’s Public Finance practice, was announced as one of nine board members for PACENation. 

Sidney approves city-wide ESID district 

Parma considering TIF for Midtown Plaza redevelopment 

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

Lucas County PACE program benefits homeowners

Green joins Akron-Summit County ESID

Brooklyn uses NOPEC grants for two LED lighting upgrade projects 

Twinsburg plans to install EV charging stations with NOPEC grant money

Ohio plans to become fourth state to offer residential PACE financing

Cincinnati Development Fund receives $40M allocation for economic development

DOE funding projects to develop next-gen wind turbine drivetrain technologies

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