DevelopOhio

A proposed, multi-use project to convert about 16.6 acres on Marysville’s North Main Street from an “underutilized, vacant brownfield site” into a space that boosts the local economy was awarded “an $8-million tax credit” through the state’s Transformational Mixed-Use Development program, the Marysville Journal-Tribune

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 ...

The annual ‘IRS’ filing period is in full swing in Ohio--not only for federal income tax, but also for Ohio’s real property tax incentive programs. Yes, it’s Incentive Review Season for Ohio’s political subdivisions (villages, cities, townships, and counties) that have authorized tax incentives for development projects.

On ...

As if Intel’s $20 billion silicon chip facility, the “largest single private sector company investment in Ohio’s history,” wasn’t big enough, the project has created a ripple effect of other developments in the region, the Newark Advocate reports.

Several major projects have the Dayton region “poised for continued economic investment to the tune of billions of dollars,” the Dayton Business Journal reports. Here are the ones to watch for 2024:

At the Dayton International Airport (DAY), Santa Cruz, California-based Joby Aviation plans a “half-a-billion dollar investment” in a ...

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 ...

Major projects will have ‘substantial impact’ on Central Ohio in near future

Riley named new Team NEO board chair