It seems that more private-equity investment dollars found their way to Ohio last year, enough that the state moved up a notch in a national investment ranking. The investments last year went to 107 companies that employ 87,594 people.

On July 1, 2017, a new policy change will go into effect that could have a significant impact on recipients of the Ohio Historic Preservation Tax Credit, O.R.C. § 149.311. Under the new program policy, "the effective date for the tax credit certificate will be the date the certificate is signed by the director" of ODSA.

Over the past 15 years, the Port Authority has been involved in transformative projects throughout Downtown and Over-the-Rhine. These projects have reshaped the skyline, revived historic structures for a new century, and created new regional anchors and cultural institutions.

Contributions have been made recently by GOJO Industries, J.W. Didado, Dr. Cliff Deveny, the Staff, Board and Advisors of DFA and DFWR, and the Gertrude Orr Foundation to the Development Fund of the Western Reserve ("DFWR") to support the Akron Community Revitalization Loan Fund.

Since the federal historic tax credit went into effect in 1976, Cuyahoga County has had 292 federal tax credit projects with a total investment of $2.2 billion, according to an Ohio History Connection analysis. Summit County has had 28 qualifying projects with a $146 million investment.

A proposed state law that would exempt some township fire and emergency-medical districts from having property-tax revenue redirected as part of tax increment financing agreements has a final hurdle to clear before a vote in the Ohio House of Representatives, but how the vote might go remains unclear.

Secretary of Agriculture Sonny Perdue was at an event in Cincinnati and announced that USDA is eliminating the Undersecretary for Rural Development – a program that has brought $6 billion to Ohio since 2009. In 2016 alone, 5,732 awards were issued totaling $795,667,203.

The $2 million will remain county money; it basically will be a last-resort economic backstop for the larger fund in the event of any loan defaults. Earned interest will be deposited into the county's general fund.

For a being a somewhat smaller state, Ohio has three amazing startup communities. Cincinnati, Cleveland and Columbus all contribute to the rising growth of startups in the Buckeye state. How much growth? This year, Ohio saw a 26% increase in startup activity over the prior year.

CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.

During this special webinar from CDFA, learn from expert speakers and previous awardees as we discuss the RCDI program, how to apply, and recommendations for successful applications.

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