Restoring Prosperity
The Greater Ohio Policy Center Blog
The Pennsylvania Neighborhood Assistance Program (NAP) provides tax credits in return for financial contributions that support programming and projects serving low-income residents or distressed neighborhoods. The NAP helps aggregate corporate contributions and donations to incentivize revitalization in the state’s previously disinvested communities.
This four-page guide from the Ohio Department of Development and JobsOhio provides a description of every economic development finance tool available at the state level. These finance tools include tax credits for job creation and retention, research and development, historic preservation, and more. There is also a loan program that aims to help small businesses grow and expand. This catalog of resources is useful for communities that have catalytic projects that may be experiencing funding gaps. An easily accessible collection of resources available from the state can help communities identify economic and community development programs that can assist in the realization of these projects.
