Cleveland's Skyline Could Dramatically Change Under DeWine Legislation
Post date
January 04, 2021
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By Mary Vanac – Cleveland Business Journal
Cleveland's skyline could dramatically change under legislation that Gov. Mike DeWine signed into law on Tuesday, December 29, 2020.
Senate Bill 39 authorizes a capped tax credit for insurance companies to invest in major construction projects in Ohio's downtowns.
Sponsored by Sen. Kirk Schuring, a Canton Republican, SB 39 is intended to incentivize insurance companies to invest in Transformational Mixed Use Development projects in Ohio's downtowns.
House Bill 312 sponsored by Rep. Jena Powell, an Arcanum Republican, the crowdfunding legislation is aimed at helping fund three Ohio projects, including the downtown Cleveland headquarters of Sherwin-Williams Co., which is still in the planning stages.