Archive for the ‘Community Development’ Category
written on August 13th, 2010 | by James R. Klein
Earlier this week, we had the pleasure of sharing the wonderful news about the Freeport Press expansion. The increased capabilities created by this new printer present an excellent opportunity for the region. On Monday, Finance Fund joined David Pilcher, owner of the Freeport Press to celebrate the expansion, and both Governor Ted Strickland and Congressman [...]
Posted in Community Development, New Markets Tax Credit | No Comments »
written on August 9th, 2010 | by James R. Klein
On August 9, the Freeport Press announced the addition of a new, specialized printing press at a special reception. The new printing press enables Harrison County’s largest employer, Freeport Press to retain 150 jobs and add another 40 jobs over the next seven years. Both Governor Ted Strickland and Congressman Zack Space attended the event, [...]
Tags: Columbus, Finance Fund, Harrison County, New Markets Tax Credits, Ohio, Ohio Department of Development, Ohio economic development, Ohio Government, Ohio Governor Ted Strickland, U.S. Congressman Zack Space
Posted in Appalachia, Community Development, Finance Fund Partnerships, Leadership and Management, New Markets Tax Credit | No Comments »
written on June 17th, 2010 | by James R. Klein
On May 27, in Jackson, Ohio, my staff and I ventured to picturesque Jackson, Ohio, located in the Appalachian foothills, to celebrate the economic development success of another fruitful partnership—Ohio Basic Minerals.
Patrick McDonald, Ohio Basic Minerals CEO, and Jeff Schrader, founder of the original Schrader and Sons Sand and Gravel, spoke to the crowd of [...]
Tags: Appalachia, Columbus Business First, Columbus Dispatch, Finance Fund, Finance Fund Capital Corporation, Jackson County Times-Journal, James Klein, Jobs, New Markets Tax Credit, NMTC
Posted in Appalachia, Community Development, Finance Fund Partnerships, Manufacturing, New Markets Tax Credit, Uncategorized | No Comments »
written on May 25th, 2010 | by James R. Klein
This week we’re seeing our mission and values come to life as we celebrate another success story. Ohio Basic Minerals (OBM), a sand and gravel company in Appalachia’s Jackson, Ohio, is holding their grand re-opening Thurs., May 27. OBM is celebrating its newly expanded and revitalized facility. The project created 35 construction jobs, retained seven [...]
Tags: economy, expansion, Finance Fund, Finance Fund Capital Corporation, Jobs, Low Income Community, New Markets Tax Credit, NMTC, OBM, Ohio Basic Minerals, Ohio Department of Development, revitalization, sand, State of Ohio
Posted in Community Development, Finance Fund Partnerships, New Markets Tax Credit | No Comments »
written on May 4th, 2010 | by James R. Klein
On Wed., April 21, we proudly hosted several state legislators, community leaders and Finance Fund project partners at the Capital Club in downtown Columbus. It was an excellent opportunity to share how Finance Fund has positively impacted some of the state’s most distressed communities.
We highlighted four partnership “success stories,” including Ohio Basic Minerals in Jackson; [...]
Tags: CDFI, Community Development Finance Institution, Early Child Development, Finance Fund, Jobs, New Markets Tax Credit, NMTC, Ohio General Assembly, State of Ohio, US Treasury Department
Posted in CDFI, Child Care, Community Development, Finance Fund Partnerships, New Markets Tax Credit, Uncategorized | No Comments »
written on March 29th, 2010 | by James R. Klein
One of our strongest resources is the New Market Tax Credit program (NMTC) awarded to us from the federal government. Back on Oct. 30, I announced our award of $50 million in NMTC funding – a great achievement for us and for Ohio’s distressed communities (discover more in the NMTC article category). As part of [...]
Posted in Community Development, New Markets Tax Credit | No Comments »
written on March 11th, 2010 | by James R. Klein
Last week I attended the CDFI (Community Development Financial Institution) Institute held in Washington, DC. The Institute is “the” meeting for the various parts of the CDFI industry. It is put on by the CDFI Coalition which provides opportunity for CDFIs and their many partners, including the full spectrum of community development finance funders and [...]
Posted in CDFI, Community Development, Finance Fund Partnerships, Leadership and Management | No Comments »
written on January 21st, 2010 | by James R. Klein
Finance Fund is proud to join an esteemed, knowledgeable panel of experts on the Early Childhood Advisory Council’s Early Childhood Financing Workgroup. The workgroup, commissioned by Gov. Strickland, will develop recommendations that explore the implementation of a single financing system for early care and education programs. This will provide a new and consistent way to [...]
Posted in Child Care, Community Development, Finance Fund Partnerships, Leadership and Management | No Comments »
written on October 30th, 2009 | by James R. Klein
This is a pretty important day in the history of Finance Fund. We learned this morning that we have been awarded $50 million in New Markets Tax Credits from the CDFI Fund in the U.S. Department of Treasury. The funding will be used to offer low-interest financing for projects that revitalize both urban and rural low-income [...]
Tags: CDFI, CDFI Coalition, Community Development Entities, Community Development Finance Institution, Congress, Finance Fund, James Klein, Jobs, Low Income Community, New Markets Tax Credit, NMTC, State of Ohio, stimulus, tax credits, US GAO, US Treasury Department
Posted in CDFI, Community Development, New Markets Tax Credit | 2 Comments »
written on October 21st, 2009 | by James R. Klein
Driving through many neighborhoods across the state of Ohio is more like driving through ghost towns. Vacant, abandoned properties litter the once-thriving communities, reminding passers-by of the crisis facing us all and the disparity of resource allocation in our country. As the Wall Street Journal recently reported, more than 1.5 million properties received a foreclosure [...]
Tags: economic challenges, Finance Fund, Finance Fund Capital Corporation, Jobs, Low Income Community, neighborhoods, New Markets Tax Credit, Ohio Department of Development, State of Ohio, stimulus
Posted in Community Development | 1 Comment »