Sikora Law Helps with OZ Improvements in Budget Bill

Ohio’s Opportunity Zone Program received another boost thanks to Ohio’s Budget Bill that passed on June 30, 2021.  The Budget Bill enacted several new initiatives and valuable enhancements to Ohio’s economic development incentive programs – one of which is Ohio’s Opportunity Zone Program.  The first improvement to Ohio’s OZ Program is the increase in the amount of Opportunity Zone Tax Credits that may be awarded to each investor per two year cycle – with that limit doubling from $1,000,000 to $2,000,000 per person.  The second improvement effectively eliminates the cap that previously existed on Opportunity Zone Tax Credit purchases.  Our firm is currently working with numerous Clients on OZ engagements and utilize our knowledge on how to best use Opportunity Zone law to your advantage.

Sikora Named Chair of the Ohio State Bar Association’s Real Property Section Council

We are excited to announce that as of July 1, 2021, our Managing Partner, Mike Sikora, began his two-year term as the Chair of the Ohio State Bar Association’s Real Property Section Council.  Mike has faithfully served on the OSBA’s Section Council since 2010 and has played a significant advocacy role for the Ohio State Bar Association on real property and title matters.  The OSBA Real Property Section Council is the leadership that represents the interests of real property lawyers throughout Ohio.   The Ohio State Bar Association is one of the most powerful and influential legislative advocacy organizations in Ohio.  Sikora Law attorneys are privileged to maintain high level active leadership positions in professional associations that will help better the title industry for many years to come.

Congratulations to Mike Sikora

Congratulations to our Managing Partner, Mike Sikora, who recently received the highly regarded distinction of being selected to the 28th Edition of The Best Lawyers in America in  Real Estate Law.  The latest edition is now available on.   We are proud to know that our industry peers think so highly of Mike.

Community Reinvestment Area Reform Legislation

House Bill 123, the legislation that would modify the law governing community reinvestment areas, has been a topic of much discussion over the past couple of months.  With construction costs rising, making it harder to develop commercial real estate, economic development incentive programs are more important than ever.  That Bill would expand the use and benefits from CRA-designated districts.  That Bill passed the Ohio House on May 26, 2021.  Mike Sikora and Rick Craven have been involved on behalf of NAIOP in discussing proposed modifications to improve that Bill that would further benefit the commercial real estate industry.

Rick Craven Moderator of NAIOP City of Columbus’ Wage and Theft Ordinance

Rick Craven was a Moderator of NAIOP of Central Ohio’s presentation on the significant and newly enacted City of Columbus’ Wage and Theft Ordinance focused on its impact on development and CRE within the City.