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 [...]
Finance Fund is proud to be a part of the new 138,000 square foot General Electric EPISCenter under construction on the University of Dayton campus. This new aviation research and development facility furthers the region’s goal to become the ideal location for advancing and supporting the industry. Interestingly, the facility is being constructed on what [...]
The latest Tech Town building, “Tech Town III,” opened its doors for the first time on Friday, October 28 in Dayton. The project, which began last September, encompasses a new 55,000-square-foot smart office building financed through a combination of New Markets Tax Credits, a grant from the Ohio Department of Development’s Job Ready Sites program [...]
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?
During his speech today, President Obama expressed the urgency to support small businesses and modernize our community infrastructure to create and sustain jobs. The federally funded New Markets Tax Credit program is an excellent example of how this type of initiative can work to benefit Ohioans. Since its inception, this program has created thousands of [...]
I am pleased to say that I will be in attendance at President Obama’s speech this afternoon during his visit to Columbus,OH. The event’s purpose, supporting job creation, is a subject that Finance Fund feels strongly about. In response to the American Jobs Act, I can speak to bi-partisan federal programs like New Markets Tax [...]
Currently in both Houses of Congress there are bi-partisan bills – S.996, H.R. 2655 – for a five year extension of the New Markets Tax Credit Program (NMTC). If passed, the New Markets Tax Credit Extension Act would provide a five year authorization for $5 billion in annual credit allocation authority with an exemption from [...]
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 [...]
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