On September 13, 2022, Senate Bill 225 will officially become the law of Ohio. This new law will temporarily double the funding for Ohio’s Historic Tax Credit Program and Ohio’s Opportunity Zone Program, and it will bring valuable enhancements to both of those prized economic development Programs. Our firm drafted the Opportunity Zone language in that Bill, and we are using it to help many of our Developer Clients.
Crain’s Cleveland Business published a well-written and insightful article on the Opportunity Zone Program, including multiple quotes from Mike Sikora about the Program and how we’re helping our Clients utilize it to get their deals done. Ohio’s Opportunity Zone Program is now more valuable than ever, in light of rising interest rates and construction costs.
Check out that Crain’s Cleveland Business article by clicking here.