The Ohio Department of Development will open the next round of the Ohio Opportunity Zone Tax Credit Program at 10 a.m. Friday, July 10, with $50 million in tax credits available for qualifying investments.

The program is designed to encourage investment in designated Opportunity Zones by providing state tax credits to eligible investors. Manufacturers considering qualified projects in Opportunity Zone communities should review the program requirements and application timeline ahead of the July opening.

“Ohio manufacturers make long-term capital investments that create jobs and strengthen communities,” said Jacob Sargent, director of public policy services for the Ohio Manufacturers’ Association. “Tools like the Opportunity Zone Tax Credit can help make those investments more competitive and support growth in communities across the state.”

Separately, Ohio has opened the process for the next round of Opportunity Zone nominations, with the state expected to receive 258 designations for the upcoming federal cycle. 6/26/2026