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About / News / Tax Credit

2 NW Ohio projects are among 11 statewide receiving state tax credits

Posted By: The Toledo Blade on April 1, 2024.  For more information, please click here to read the source article. Two northwest Ohio projects are among 11 that have been approved statewide for economic assistance from the Ohio Tax Credit Authority in hopes of creating more jobs. Vehtek Systems Inc. expects to create 120 full-time jobs in Bowling Green […]

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State announces $10M tax credit for Nicholas Building renovation

Posted By: The Toledo Blade on December 22, 2023.  For more information, please click here to read the source article. Renovation of downtown Toledo’s historic, but decrepit, Nicholas Building got a $10 million boost Thursday from the Ohio Historic Preservation Tax Credit Program. The credit awarded to the building on the southwest corner of Huron Street and Madison […]

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Ohio awards $2.7M in historic tax credits to three Toledo revitalization projects

Posted By: Toledo Blade on June 29, 2023.  For more information, please click here to read the source article. More than $2.7 million in Ohio historic tax credits will help revitalize three buildings in the downtown Toledo area, state officials announced Thursday. The largest local tax credit award, worth $1.35 million, will help rehabilitate the remaining bays and […]

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Ohio awards tech company a tax credit for expected 378 new jobs in downtown Toledo

Ohio has awarded Bitwise Industries a tax credit for its planned downtown Toledo innovation center, which the California tech company pledges will create 378 jobs with an annual payroll of $20.4 million. The Ohio Tax Credit Authority on Monday agreed Bitwise will get a 1.8 percent, 10-year job creation tax credit for its efforts, a […]

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