Brown: Expand credits that helped Oberlin

East College project cited as New Market success story

Lima News

U.S. Sen. Sherrod Brown wants to grow manufacturing in Ohio, and he’s using Oberlin as an example of how it can be done.

In a conference call with reporters last Wednesday, he pitched expansion of New Market Tax Credits in what he called “first of its kind” legislation.

Those credits drove $60 billion in private investments nationwide between 2003 and 2012, according to Brown press secretary Yianni Varonis.

Some of that capital was in Oberlin, where $26.7 million in NMTC investments were used to rehabilitate the Apollo Theater and most notably fund the East College Street Project, which created new housing and business spaces.

To read the full article, please click the source link below:

Brown: Expand credits that helped Oberlin »