The 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 firstname.lastname@example.org.
Round 5 Applications being reviewed: The applications submitted for consideration in Round 5 of the Ohio New Markets Tax Credit Program are now being reviewed. Awards are anticipated to be announced by the end of August.