Welcome to the Finance Fund Blog!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 [...]
Finance Fund utilizes the New Markets Tax Credits (NMTC) program to fund many worthy projects in some of the most distressed areas of Ohio. In fact, as shared in previous posts, we have more than $50 million in NMTC for development projects throughout the state. We’ve had several NMTC success stories in the past few [...]
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; [...]
On Wed., Feb. 3, Secretary of the Treasury Timothy Geithner announced that CDFI (Community Development Financial Institution) banks, thrifts and credit unions may now access funds from the Troubled Asset Relief Program (T.A.R.P.). This is part of the Obama Administration’s movement to support business lending by community development banks and development credit unions.
Mark Pinsky, President [...]
“Never awake me when you have good news to announce, because with good news nothing presses; but when you have bad news, arouse me immediately, for then there is not an instant to be lost.” – Napoleon Bonaparte
It was a busy week for our government leaders. President Obama made a stop here in the Buckeye [...]
Finance Fund has been “hanging around” Ohio for twenty some years and has provided some tangible value to distressed communities and inspired changes that, but for its presence, would not have happened. Ohio is proud of what Finance Fund has done but continues to ask the question “Is this all you can do?” It is [...]
Yesterday we were pleased to have Congressman Michael Turner (R-Ohio) join a number of us from Finance Fund at the Miami Valley Childhood Development Center in Dayton, Ohio to celebrate their newly renovated Head Start facility. We provided $1.05 million in New Markets Tax Credits
funding toward the renovation, which was accompanied
by a $429,000 [...]
Last week we were in Washington D.C. to attend several meetings and to rally support for two bills currently in the House and Senate.
HR 2628 is a 5-year extension of the New Market Tax Credit program. Last year, through our efforts, we were able to get 11 out of 18 representatives and both senators to [...]
This article appeared in the October 2009 edition of Smart Business News.
James R. Klein is a firm believer that every CEO needs a “Radar O’Reilly,” just like the one Col. Potter had on the old TV series, “M*A*S*H.” Radar was always there to deflect some of the less important obligations to allow his boss to [...]
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