Welcome to the Finance Fund Blog!James Klein, Finance Fund CEO, has been elected to a seat on the Executive Committee of the New Markets Tax Credit Coalition (NMTCC). The 48-seat board is comprised of members from leading organizations that utilize NMTC, lending institutions, investors, and business professionals. Klein’s duties include advising on policy and regulatory issues that affect the use [...]
There has been continuous talk about the job issues America has been facing. When factoring in underemployment, it has been reported our nation is at a 16% unemployment rate. Why is this happening? Who is responsible? How do we create more jobs? What can we do?
Finance Fund’s completed project, the St. Lawrence O’Toole Close to Home III Assisted Living Facility, hosted Congressman Bill Johnson last week. We toured the facility and discussed the significance of programs in Ohio’s 6th district, home to some of Ohio’s most distressed communities along the southern and eastern boarders. We have done extensive work in [...]
On May 12, we celebrated with over 200 guests, including partners, investors and legislators, the revitalization work that Finance Fund accomplished in Ohio communities in 2010. The 22nd Annual Reception was an evening full of opportunities to reflect on the past year’s work and look forward to the projects to come. Our theme for 2010 [...]
The New Markets Tax Credit (NMTC) program is one of Finance Fund’s strongest resources. Last week, we received the long awaited news that the U.S. Department of Treasury awarded us $35 million in NMTC. This is the sixth round of NMTC funding we have received, totaling $160 million since 2004. The NMTC funding fuels our [...]
Ohio Department of Development Director Lisa Patt-McDaniel today announced that $10 million in Ohio New Markets Tax Credits are being made available to four Ohio entities, including Finance Fund, to spur economic investments of at least $25.6 million across Ohio. The program helps finance business investments by providing state tax credits to investors for below-market-rate [...]
On October 7-8, 2010, key staff joined the Finance Fund board of directors for a retreat held at the Clarence D. Lumpkin Point of Pride Building in Columbus. A Finance Fund New Markets Tax Credit project in 2007, the location perfectly punctuated one of the overall retreat goals, which was to allow the board of [...]
Last week, Finance Fund celebrated the opening of Zik’s Family Pharmacy in inner-city Dayton with a ribbon-cutting ceremony. Zik’s, located at 1130 W. Third St. in the Wright Dunbar Business District, is owned and operated by Nnodum Iheme, a Dayton-based pharmacist and entrepreneur. Finance Fund helped make this much needed local pharmacy a reality with [...]
Recently, Finance Fund celebrated the official kick-off of construction at a special sign unveiling at the site of the third building at Tech Town in Dayton. Tech Town is a technology-oriented campus that is designed to support commercialization, application and convergence of cutting-edge technologies. The new 62,000-square-foot smart office building is expected to be ready [...]
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 [...]
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