Columbus, Ohio – State leaders in Ohio have announced a significant boost to historic preservation efforts, with more than $75 million in tax credits awarded to 33 development projects across the state. The funding comes through the Ohio Historic Preservation Tax Credit Program and is expected to help revitalize 45 historic buildings while generating over $681 million in private investment.
Governor Mike DeWine, joined by Lt. Governor Jim Tressel and Ohio Department of Development Director Lydia Mihalik, emphasized the dual goals of honoring Ohio’s architectural legacy while spurring local economies. “Through this program, we are breathing new life into iconic buildings so they can drive economic growth in Ohio, all while honoring the craftsmanship and character that make our state so special,” said Governor DeWine. “Once restored, these buildings will create jobs by housing new businesses and will lead to additional investment and revitalization in surrounding areas.”
First-Time Awards for Three Ohio Communities
This round of funding includes projects in 14 communities, spanning urban centers and smaller towns alike. Akron, Bowling Green, Canton, Cincinnati, Cleveland, Columbus, Dayton, Lakewood, Marysville, Mount Sterling, Springfield, Toledo, Trotwood, and Wadsworth will all benefit from restoration work supported by the program. Notably, the communities of Bowling Green, Mount Sterling, and Wadsworth are receiving tax credits through this program for the first time.
“Preservation and progress go hand in hand,” said Lt. Governor Jim Tressel. “This program strengthens local economies and ensures future generations can benefit from the places that have long been at the heart of their communities.”
Many of the buildings set for renovation are currently sitting vacant or are significantly underused. With support from the tax credit program, these structures will be transformed into new housing, office space, manufacturing facilities, and retail locations. The tax credits are not issued until all construction is completed and the rehabilitation work has been verified to meet strict preservation guidelines.
Program Aims to Preserve Ohio’s Architectural Legacy
Lydia Mihalik, Director of the Ohio Department of Development, highlighted the local value of these projects. “Across Ohio, we have historic gems that define our main streets and provide valuable resources for their communities,” she said. “With the help of the Ohio Historic Preservation Tax Credit Program, we’re able to help restore and preserve these structures so they can continue to serve their neighborhoods and residents for generations to come.”
The tax credit program is managed in partnership with the Ohio History Connection’s State Historic Preservation Office. The Office ensures that buildings meet the qualifications for historic designation and that the rehabilitation complies with federal standards established by the U.S. Secretary of the Interior.
Mariangela Pfister, Department Head and Deputy State Historic Preservation Officer for Technical Preservation Services, emphasized the environmental and economic value of the program. “The rehabilitation of historic buildings through the Ohio Historic Preservation Tax Credit Program and federal historic tax credit programs can revitalize main streets, help the environment – because nothing is greener than using what is already built – and create jobs, with the added bonus of preserving local history,” she said.
The Ohio Department of Development continues to lead efforts to invest in the people, places, and businesses of the state. More information about their programs is available at development.ohio.gov.
The Ohio History Connection, which manages more than 50 historic sites and museums, supports preservation initiatives across the state. Learn more about their work and mission at ohiohistory.org.
Through this latest round of support, Ohio is not only preserving its past but also laying a strong foundation for future community development and economic progress.
