Local business donates shotguns to WUPD Senior Profile: Shannon Runyan Reds employees recognize Dr. King’s ‘Spirit of Service’ Saving Adams County’s power plants North Adams High School announces annual Science Fair Winners Board of Developmentally Disabled holds Jan. 11 swearing-in ceremony Peebles Elementary honors December Students of the Month Adams County villages receive Bike Racks and Fix-it Stations College Credit Plus Program available to high school students Wenstrup selected as Chairman of Veterans Affairs Subcommittee on Health 2017 Manchester Homecoming is ‘Super’ Lions put damper on Manchester Homecoming West Union athletes honored by OSSCA Senior Profile: Story Kremin Bickett, Runyan lead Lady Dragons to victory in Manchester Indians improve to 8-3 with Saturday night rout of Portsmouth West Farm Bureau scholarships available to HS seniors Wilbur named to the Wilmington College Dean’s List Opal Van Hoose Ruby Yazell Chris Volk North Adams High School holds annual Homecoming ceremonies Six workers injured in power plant explosion Commissioners hold proclamation ceremony for 4-H Week Senior Profile: Shyanne Tucker Coach Young Classic is Saturday at NAHS Helen Kerr Anna L DeMint The garden that got us through the winter months Virginia L Fricker JV Devils top Northwest 51-34 Senior Profile: Caitlin Young North Adams moves to 7-5 with 16-point Homecoming win over Northwest Held to a higher standard Claudia J Purtee Shaylee E Prewitt Questions still linger in Stuart explosion Richard Holsinger J Ruth Madden Frank E Swayne Robert Bechdolt Sara D Hatfield Barbara Goodwin Jeffrey Frederick Grace E Myers Johnny A Sullender Sr. Senator Joe Uecker sworn-in for second term Wenstrup sworn in for third term in House Ronald L Chochard Patrick P Clift Samuel W Freeland Senior Profile: Casey Mullenix Lady Dragons win ugly, taking Classic consolation game over Manchester, 48-45 Greyhounds roll by West Union to take Classic consolation game, 82-58 History made as Ward takes oath of office Peter A Bennington Tangela R King McDonald’s Classic crowns 2016 champions MVP Arey leads Peebles to McDonald’s Classic title, Indians outlast North Adams 82-76 in double overtime thriller Lady Devils get Classic three-peat, make it 10 of 11, 14 titles for Coach Davis Senior Profile: Raegan Dick Teaching students the power of giving Kids at Children’s Home gifted with shopping spree Marion Liming Dorothy Huff John R Murphy Michael L McAninch Rita Rogers Edward L Combs Ronald W Staggs Mary H Grooms Gladys Wilson Donald Barnhill Monda Van Vorren Deborah Spires Senior Profile: Andre Wolke Indians pull away in second half, get past Manchester 71-58 in Classic semis On home floor, Lady Indians move to Classic title game North Adams handles West Union, Devils move to Classic finals with 68-53 victory Lady Devils roll into Classic championship Beth E Rowley Leatrice Lewis Senior Profile: Justin Aldridge Mary Helterbridle Wanda Huffman PES Performing Arts entertains at Hometown Christmas Adams County Manor sends holiday wishes Peebles Lions Club hosts Christmas breakfast Elusive Elf on a Shelf makes a return visit to PES Santas in blue spread Christmas cheer in a very special way Senior Profile: Aubrey McFarland WUHS holds Hall of Fame induction ceremonies WUHS Academic Team has undefeated season Serving those who served their country From Pearl Harbor to ‘America’s Got Talent’, 93-year-old WWII vet is still going strong Yester Years brings a touch of old to the new Merry Christmas to you all North Adams Elementary announces Spelling Bee winners Peebles High School hosts Homecoming ceremonies Children in need receive gifts at PES

New federal resources of $88 million to help create jobs

WASHINGTON, D.C. — New federal resources have been awarded to two Cincinnati economic development agencies. U.S. Sen. Sherrod Brown, D-Ohio, announced the Cincinnati Development Fund was awarded a $43.35 million through the U.S. Treasury Department Community Financial Development Institution New Market Tax Credit program. The Cincinnati New Markets Fund was awarded $45 million. NMTC allocates credits to Community Development Entities in order to attract investment in economic development projects in low-income regions that would otherwise suffer from a lack of financing.

“The Cincinnati Development Fund and the Cincinnati New Markets Fund have proven track records in helping to leverage private and public financing in order to create jobs and promote economic growth,” Brown said. “This tax credit will help build upon Ohio’s existing strengths and bring new economic growth to the region.”

The NMTC Program was established in 2000 with the goal of spurring revitalization efforts in low-income American communities. NMTC provides tax credit incentives to Community Development Entities with a primary mission of investing in low-income communities. Under the program, CDEs apply to the U.S. Treasury Department for the authority to raise a certain amount of capital, also known as Qualified Equity Investments, from investors. Awardees are then given a tax credit that equals 39 percent of their investment output over the span of seven years: five percent in each of the first three years and six percent in the final four years.

Last year, Brown helped pass legislation that would extend the New Markets Tax Credit, which incentivizes community developers to invest in low income areas. The NMTC was included in the Senate Finance Committee’s tax extenders package that passed out of committee in 2014. At that time, Brown released a list of Ohio communities that have benefited from the NMTC and could be eligible for future funding if the tax credit extension became law.

Leave a Reply

Your email address will not be published. Required fields are marked *

2016 People's Defender