Posts Tagged ‘Ohio General Assembly’

Finance Fund Welcomes Ohio General Assembly leaders to special open house highlighting Ohio community development

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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 [...]

Ohio HB 1: A Proposed Ohio NMTC.

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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.

Ohio House April 2, 2009 Testimony: New Markets Tax Credit

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TESTIMONY BEFORE THE OHIO HOUSE FINANCE AND APPROPRIATIONS COMMITTEE
JAMES R. KLEIN, CEO, OHIO COMMUNITY DEVELOPMENT FINANCE FUND
OHIO NEW MARKETS TAX CREDIT

What discipline will be needed to make New Markets Tax Credit work and who needs to be involved?

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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.

Can New Markets Tax Credits work at the state level? – Generally can it be scaled?

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New Markets Tax Credit is a valuable tool for directing investment into distressed communities.

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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