Yesterday was an exciting day for the Greater Ohio Policy Center. GOPC—in partnership with Ohio CDC Association, Heritage Ohio, Ohio Capital Corporation for Housing and Habitat for Humanity-Ohio—has been working with legislators for almost a year to develop a state program that will provide tax credits to for-profit corporations that invest in place-based catalytic neighborhood projects.
That proposed program, the Neighborhood Infrastructure Assistance Program (NIAP), was introduced on the Ohio Senate floor yesterday as Senate Bill 149 (SB 149). Sponsored by Senator Bill Beagle, and co-sponsored by Sen. Cliff Hite and Sen. Gayle Manning, this bill help leverage private dollars for community projects critical for the attractiveness and economic competitiveness of the state.
If passed, the NIAP tax credits could be used for corporate and business donations to project such as:
- Renovating an historic theater
- Streetscaping a central business district
- Developing affordable housing for families
- Building a community center
For more information about this program and to add your name to the growing list of private, public and nonprofit supporters list, please visit this link.