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 […]
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 […]