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.
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