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 we drafted that are now part of Ohio’s Opportunity Zone law. Our firm’s Clients received over 1/3 of ALL […]
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 […]
Sikora Law has been advocating for the passage of Senate Bill 225 for many months now. That 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 […]
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 […]
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. To review that article that provided a synopsis on Round 2 of the Ohio Opportunity Zone Program, specifically as to Northeast Ohio, click here.
NAIOP Ohio’s Board hosted the Ohio Development Services Agency Director, Lydia Mihalik, for a Zoom session. 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 Program. Mike Sikora led a discussion with Director […]