Cleveland-Akron development projects receive $20 million in historic tax credits from the state

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Cleveland-Akron development projects receive $20 million in historic tax credits from the state
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In total, $68 million were awarded to projects across the state, split among 12 Ohio communities, the governor’s office announced.

CLEVELAND, Ohio -- Nine projects in the Cleveland/Akron area received a combined $20.2 million in Ohio Historical Preservation Tax Credits in the latest round of credits announced by the state on Thursday.

The tax credits are provided as a financial incentive to encourage the private redevelopment of historic buildings that have languished vacant or under utilized. A news release also noted that these projects are expected to bring around $691 million in private investments to the state.2 dead, 1 injured in Sunday morning Ohio City crash

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