Neighborhood Infrastructure Assistance Program Update

Through early December, progress continued on the Neighborhood Infrastructure Assistance Program legislation with proponent testimony to the House Ways and Means Committee. As discussed in earlier blog posts, Senate Bill 149 and House Bill 219 propose to create a program that would offer a tax credit to businesses that make monetary donations to catalytic community development projects.

At the second hearing on November 20th GOPC provided testimony in partnership with coalition member Ohio CDC Association and explained the design specifics of the program and discussed successes other states have experienced with similar programs. At the third House Ways and Means Committee hearing on December 4th, testimony was given from varying perspectives. Taris Vrcek, Executive Director of McKees Rocks CDC in Pennsylvania relayed a compelling story of decades long disinvestment in this first ring suburb of Pittsburgh (and Governor Kasich's hometown) reversed by Neighborhood Partnership Program tax credits that resulted in the renovation of the historic Roxian Theatre, brownfield remediation and central business district revitalization.

Tim Bete, President, St. Mary Development Corporation described the complexity of development financing, the resource contraction facing the industry, the catalytic impacts of community economic development projects, and the desire for NIAP funding in Ohio. Mike Gonsiorowski, Regional President of PNC Bank in Columbus provided written testimony explaining their many years of experience participating in similar tax credit programs in Pennsylvania and New Jersey.

The proponent testimonies significantly contributed to the momentum and energy around this proposed program. The General Assembly is on holiday break and the effort will continue in the New Year. The coalition greatly appreciates the commitment and travels of the testimony team.

For background information and written testimony on the Neighborhood Infrastructure Assistance Program, please click here.

Legislative Update: GOPC to Give Testimony!

In partnership with Ohio CDC Association and a coalition of supporters, the Greater Ohio Policy Center will be testifying at the Statehouse in support of the Neighborhood Infrastructure Assistance Program on November 5^th.  The bills that would create this state tax credit program (SB 149 and HB 219) have begun to receive hearings, which allows for members of the General Assembly to ask questions about the proposed program.  GOPC is excited to be a leading proponent of this legislation. As previous newsletters have described, the Neighborhood Infrastructure Assistant Program would authorize tax credits for monetary contributions invested in catalytic economic and community development projects undertaken by local governments and nonprofit corporations.

This upcoming legislative hearing would not be possible without the dozens of organizations around the state that have facilitated introductions to legislators or have voiced their support of this bill to their Senator or Representative.  To see the complete range of supporting organizations, we proudly list them on the 1-pager we “leave-behind” with stakeholders and on this webpage.  If you are interested in adding your organization to this list, please email Alison D. Goebel. Your support has been and will continue to be invaluable in moving this legislation toward passage!

New Legislation Shaped by GOPC Introduced on Senate Floor

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.