Business  |  Business Grants, Loans and Tax Credits

Business » Business Grants, Loans and Tax Credits

Ohio New Markets Tax Credit Program

Ohio New Markets Tax
Credit Projects 2011 to 2013The Ohio New Markets Tax Credit Program helps to finance business investments in low-income communities by providing investors with state tax credits in exchange for delivering below-market-rate investment options to Ohio businesses. Investors receive a 39% tax credit spread over seven years if they make an investment in a qualified low-income community business.

Community Development Entities (CDEs) apply to the program for allocation authority, and work with investors to make qualified low-income community investments. The program helps to spark revitalization in Ohio's communities with this attractive tax credit.

Information on the program, including application materials, reporting needs, and a map and listing of funded projects to date can be found to the left under Program Information.

If you would like to be added to the email list for the Ohio New Markets Tax Credit program, please send your name and contact information to ohionewmarkets@development.ohio.gov.

Round 4 Awards Announced

The Ohio Development Services Agency awarded $10 million in Ohio New Markets Tax Credits to four community development entities (CDEs) across the state. The CDEs use their tax credit allocations to spur new or increased investments into operating businesses located in low-income communities. Click here for a list of approved allocations.