Ohio Gov. Mike DeWine and Ohio Department of Development Director Lydia Mihalik announced Jan. 27, 2025, state support for nine mixed-use development projects expected to create more than $1.1 billion in new payroll and $2 billion in investments in Ohio.
During its monthly meeting, the Ohio Tax Credit Authority (TCA) approved a total of $100 million in tax credits through the fourth round of the Transformational Mixed-Used Development Program. Projects will support the construction or redevelopment of more than 7.4 million sq. ft. of transformational space to create housing, retail, dining, office, lodging and entertainment opportunities across the state.
"As our state grows, it's more important than ever that we are creating communities where current and future Ohioans can live up to their fullest potential," said DeWine. "By prioritizing developments that transform neighborhoods, we're making Ohio a place where people will want to be — now and in the future."
"With new development and growth comes new possibilities for Ohioans," said Mihalik. "Mixed-use developments create lively communities that attract residents and visitors, transforming empty lots into places where people can connect and thrive."
The Transformational Mixed-Use Development program was created with support from the Ohio General Assembly.
Major city projects must be located within 10 mi. of a corporation limit of Akron, Cincinnati, Cleveland, Columbus, Dayton or Toledo. Eligible costs include land acquisition, building acquisition, demolition, site improvement and new construction of the site.
