Tax Credits

Four Ohio groups qualify for federal tax credits

Development groups around the state have qualified for federal tax incentives that could lead to 132 million dollars in investment. The Cincinnati Greater City Development Corporation got the largest chunk yesterday, allowing credits of nearly 20 million for investment of 50 million dollars. The Treasury Department program, started in 2000, allows credits of 39 percent of the total investment over seven years. The Northeast Ohio Development Fund got credits to cover 47 million dollars of investment. A group in Jackson got credits to help with 20 million and the statewide Ohio Community Development Finance Fund can offer credits on 15 million. A Columbus group is unhappy it didn't make the cut. The Columbus Partnership sought credits on 190  million dollars' worth of investment.