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Developers, preservation groups push to keep or boost brownfield, opportunity zone and historic‑tax‑credit funding in budget
Summary
Trade groups, preservation advocates and developers urged senators to maintain or increase House funding for Ohio's brownfield remediation, opportunity zone, transformational mixed‑use and historic preservation tax credit programs in the state operating budget.
Business and preservation groups told the Senate committee that state economic development programs in the House budget — including the Brownfield Remediation Program, Opportunity Zone funding, the Transformational Mixed‑Use Development (TMUD) program and the Ohio Historic Preservation Tax Credit — are important tools to reactivate underused properties and spur downtown revitalization.
Why it matters: Witnesses argued state funds act as leverage that unlocks private and federal capital, spurring housing, job creation and redevelopment in legacy cities and rural downtowns.
Key testimony and requests: - Matt Miller of the National Association of Office…
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