Ohio – Ohio Governor Mike DeWine and Ohio Department of Development Director Lydia Mihalik have announced state support for nine large-scale mixed-use development projects aimed at generating more than $1.1 billion in new payroll and $2 billion in investments across the state. The initiative is part of Ohio’s Transformational Mixed-Use Development (TMUD) Program, which seeks to revitalize neighborhoods by fostering new housing, retail, dining, office, lodging, and entertainment spaces.
During its latest meeting, the Ohio Tax Credit Authority (TCA) approved a total of $100 million in tax credits for the fourth round of the program. This funding will support the construction and redevelopment of more than 7.4 million square feet of new and repurposed space, with a focus on enhancing urban centers and attracting new businesses.
Building Stronger Communities for the Future
Governor DeWine emphasized the importance of creating spaces where Ohioans can thrive, ensuring the state remains a desirable place to live and work.
“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 Governor DeWine. “By prioritizing developments that transform neighborhoods, we’re making Ohio a place where people will want to be—now and in the future.”
Lydia Mihalik, director of the Ohio Department of Development, echoed these sentiments, emphasizing the positive impact of mixed-use projects on communities.
“With new development and growth comes new possibilities for Ohioans,” Mihalik said. “Mixed-use developments create lively communities that attract residents and visitors, transforming empty lots into places where people can connect and thrive.”
Supporting Economic Growth Across Ohio
The Transformational Mixed-Use Development Program was launched with support from the Ohio General Assembly and is designed to provide essential funding for projects that significantly enhance local economies. To qualify, major city projects must be located within 10 miles of the corporate limits of Akron, Cincinnati, Cleveland, Columbus, Dayton, or Toledo. Eligible costs include land acquisition, building acquisition, demolition, site improvement, and new construction efforts.
By investing in urban development, Ohio is ensuring that its cities continue to grow in ways that benefit businesses, workers, and residents alike. The latest round of funding represents a commitment to strengthening local economies while providing modern infrastructure to support future generations.
