COLUMBUS, Ohio — The State of Ohio has announced more than $56 million in tax credits to support the restoration of historic buildings across the state. The funding, part of the Ohio Historic Preservation Tax Credit Program, will help rehabilitate 42 buildings in 15 communities, including Columbus, Cleveland, Dayton, and Toledo while leveraging approximately $715 million in private investments.
“By preserving our historic buildings, we’re retaining the unique identity of Ohio’s communities,” said Governor Mike DeWine. “Through the tax credit program, we’re ensuring that future generations can experience the character and stories that shaped our state in the spaces where they happened.”
The program focuses on transforming vacant or underutilized historic structures into spaces for residential, commercial, or manufacturing use. Tax credits are distributed only after construction is completed and program requirements are met, ensuring the projects deliver their intended impact.
“Historic preservation is an economic driver in Ohio communities – it’s more than just saving old buildings,” said Lt. Governor Jon Husted. “We’re preserving Ohio’s history while investing in its future through this program.”
Projects funded by the program aim to revitalize neighborhoods and create opportunities for future growth. Restored properties often attract additional investment, enhance surrounding areas, and preserve the stories embedded in Ohio’s architectural heritage.
“Communities thrive where they honor their roots,” said Lydia Mihalik, director of the Ohio Department of Development. “The awards we are making through the Ohio Historic Preservation Tax Credit Program are helping communities in their efforts to connect their past with opportunities of the future.”
The program works in partnership with the Ohio History Connection’s State Historic Preservation Office, which ensures buildings meet federal standards for rehabilitation and historical significance.
These projects highlight the ongoing effort to honor Ohio’s rich history while fostering economic development across the state.