The first-ever interim mid-year round of Ohio Opportunity Zone application submissions was a success, by all accounts. Our firm drafted the language that was amended into Ohio’s Opportunity Zone Statute to provide for an interim round, among several other enhancements that are now part of Ohio’s Opportunity Zone law. Our firm’s Clients received over 1/3 of ALL of the funds applied […]
Round 2 of Ohio’s Opportunity Zone Program was just completed. Sikora Law broke its previous record by submitting 51 Round 2Ohio Opportunity Zone Applications. Sikora Law Clients received approximately 35% of all Ohio Opportunity Zone tax credits that were issued in 2021 (topping our record in Round 1 of 21% and 42 Applications). We […]
By: Michelle Jarboe, Crain’s Cleveland Enterprise Reporter, Real Estate and Economic Development “We’re seeing more interest in early-stage activity on the East Side of Cleveland now” said Mike Sikora, a Cleveland attorney who works with clients across the state. “And it is, in part at least, spurred or … benefiting from whether a particular property […]
Sikora Law has advocated for the passage of Senate Bill 225 for many months. The Bill would temporarily double the funds available in Ohio’s Opportunity Zone Program and Ohio’s Historic Tax Credit Program. Our firm drafted the Opportunity Zone language in that Bill. If passed, it would help mitigate construction cost increases with the incentive, and further improve the […]
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 includes an increase in the amount […]
Round 2 of Ohio’s Opportunity Zone Program was just completed. Sikora Law broke its previous record by preparing and/or submitting 51 Ohio Opportunity Zone Applications for Round 2 of that Program. Sikora Law Clients received approximately 35% of all Ohio Opportunity Zone tax credits that were issued in 2021 (topping our record in Round 1 […]
Mike Sikora was interviewed for a story on Ohio’s OZ Program that was featured in last week’s Crain’s Cleveland Business. Click here to see the story and Mike’s insights focused on the OZ program’s impact to Northeast Ohio.
NAIOP Ohio’s Board recently hosted the Ohio Development Services Agency Director, Lydia Mihalik for a discussion focused on proposed enhancements to Ohio’s Opportunity Zone Program. The Ohio Development Services Agency administers several programs that are of critical importance to the commercial real estate industry in Ohio, including Ohio’s Opportunity Zone Program and Ohio’s Historic Tax Credit […]