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 [...]
I think there is some credibility to the phrase “If you can manage to stay around long enough people mistakenly think you know what you’re talking about.” Last Thursday (April 2), at the invitation of the Hon. Armond Budish, Speaker of the Ohio House of Representatives, I testified at the Ohio House Finance and Appropriations Committee concerning the New Markets Tax Credit (NMTC) program.
TESTIMONY BEFORE THE OHIO HOUSE FINANCE AND APPROPRIATIONS COMMITTEE
JAMES R. KLEIN, CEO, OHIO COMMUNITY DEVELOPMENT FINANCE FUND
OHIO NEW MARKETS TAX CREDIT
To get an Ohio NMTC program started there needs to be a united and concentrated effort on the part of the Strickland administration and General Assembly.
New Markets Tax Credit is a valuable tool for directing investment into distressed communities.
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.