State Level Incentives
We understand that companies looking to locate or expand in Ohio have unique needs and requirements that drive critical decisions. That’s why JobsOhio partners with state, regional, local, county, and others to offer customized incentive packages with performance-based eligibility metrics. Here’s a look at just some of the incentives that are available to you. Visit us online for more information.
https://www.jobsohio.com/programs-services/incentives
Local Incentives
CRA – Ohio Community Reinvestment Area
The Ohio Community Reinvestment Area program is an economic development tool administered by municipal and county government that provides real property tax exemptions for property owners who renovate existing or construct new buildings. Community Reinvestment Areas are areas of land in which property owners can receive tax incentives for investing in real property improvements.
https://development.ohio.gov/business/state-incentives/ohio-community-reinvestment-area
EZ – Enterprise Zones
Enterprise Zones are designated areas of land in which businesses can receive tax incentives in the form of tax exemptions on eligible new investments. Enterprise Zones are not part of the traditional zoning program — which limits the use of land — instead they allow local officials to negotiate with businesses to encourage new business investment in the zone.
https://development.ohio.gov/business/state-incentives/ohio-enterprise-zone-program
TIF – Tax Incremental Financing
Tax Incremental Financing (TIF) helps local governments attract private development and new businesses. New businesses mean more jobs, more customers, and, in turn, more private investment. TIF designation also helps retain existing businesses that might otherwise find more attractive options elsewhere.
https://development.ohio.gov/business/state-incentives/tax-increment-financing