Posts Tagged ‘Low Income Community’

Finance Fund Awarded $3 million in Ohio New Markets Tax Credits

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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 [...]

Yesterday, Today and Tomorrow

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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 [...]

Finance Fund Helps Ohio Basic Minerals Chip into Gold Mine of Potential

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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 [...]

Treasury Continues to Support NMTC Program

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On February 19th I participated in a conference call in which senior Treasury officials provided remarks preceding a press release and fact sheet further supporting the inclusion of a New Markets Tax Credit program extension for 2010 & 2011 in the President’s proposed budget. “As part of the Administration’s strategy to restore prosperity and create [...]

Finance Fund Believes in Ohio: After 23 Years, Still Charging the Path of Economic Development and Job Creation

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“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 [...]

$50 Million to Finance Fund : New Markets Tax Credits Announced Today

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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 [...]

Vacant Properties, Where Do We Go Now?

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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 [...]

New Markets Tax Credits: WHAT IS IT, how does it work.

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New Markets Tax Credits (NMTC) was designed to stimulate investments in commercial real estate and business ventures located in low income urban and rural areas.

Contact Us

P: 614.221.1114 | 800.959.2333
E: info@financefund.org
A: Finance Fund
17 South High Street, Suite 900
Columbus, Ohio 43215

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