Examples of Development Financing Advisory Board in a sentence
With the advice of the Minority Development Financing Advisory Board and the Superintendent of Insurance, the director must adopt rules under ORC Chapter119 establishing application procedures, providing for the payment of premiums to secure such bonds, and providing for the retainage of money paid to a minority business enterprise (MBE) and EDGE business enterprise.
A private lender might be required.• The term of the Direct Loan cannot exceed 10 years for equipment and 15 years for real estate.• Shared first or second mortgage positions with a participating financial institution.• The Direct Loan has a job creation/retention ratio requirement of $35,000 per job created or retained.• The Minority Development Financing Advisory Board votes whether to recommend loan applica- tions for approval when it meets the fourth Tuesday of each month.
Minority Development Financing Advisory Board(R.C. 122.72, 122.73, 122.74, 122.78, 122.79, and 122.82)The bill clarifies that the responsibility for oversight of the diesel emissions reduction grant program and several tax credits, including the motion picture and theatre credit, the small business investment credit, and the opportunity zone fund investment credit, rests with the Department of Development, not the Minority Development Financing Advisory Board (MDFAB).
Upon recommendation from MBDD staff, the loan application will be sent to the Minority Development Financing Advisory Board (MDFAB) for approval recommendation.
Minority Development Financing Advisory Board▪ Corrects erroneous cross-references to clarify that the Minority Development Financing Advisory Board is not responsible for administering certain tax credit and grant programs administered by DEV.Job creation and retention tax credits▪ Allows any employer that receives the job creation tax credit (JCTC) to count work-from- home employees when computing the employer’s credit amount and when verifying its compliance with the JCTC agreement.
Minority Development Financing Advisory Board Corrects erroneous cross-references to clarify that the Minority Development Financing Advisory Board is not responsible for administering certain tax credit and grant programs administered by DEV.Job creation and retention tax credits Allows any employer that receives the job creation tax credit (JCTC) to count work-from- home employees when computing the employer’s credit amount and when verifying its compliance with the JCTC agreement.
Lumpkin, Democrat, from Cleveland, Cuyahoga County, Ohio, as a Member of the Minority Development Financing Advisory Board for a term beginning April 6, 2008 and ending at the close of business September 30, 2014, replacing Jackie R.
H.B. 283 of the 123rd General Assembly, the Director of Development may, upon the recommendation of the Minority Development Financing Advisory Board, pledge up to $10,000,000 in the FY 2006-2007 biennium of unclaimed funds administered by the Director of Commerce and allocated to the Minority Business Bonding Program under section 169.05 of the Revised Code.
Ahmad, Independent, from Powell, Delaware County, Ohio, as a Member of the Minority Development Financing Advisory Board for a term beginning January 19, 2010 and ending at the close of business September 30, 2016, replacing Julia McNeil Benton, whose term expired.IN WITNESS WHEREOF, I have hereunto subscribed my name and caused the Great Seal of the State of Ohio to be affixed, at Columbus, this 19th dayof January in the year of our Lord, two thousand and ten.[Seal] Ted Strickland,Governor.
Minority Development Financing Advisory Board – The Minority Development Financing Advisory Board assists the Development Services Agency in creating employment opportunities and wealth in the minority business community.