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List of incentives available in this location for quick easy reference below.

Incentives

Table key

  • Incentive offered
  • Incentive not offered
  • Did not submit information
Cash grants/incentivesMore [+]Less [-]
  • Ohio offers a wide array of assistance programs including grants and loans and other types of financing for capital investments made by a company.
Tax exemptionsMore [+]Less [-]
  • Community Reinvestment Areas: Provide companies locating in a designated Community Reinvestment Area an abatement of up to 100 percent for 15 years on real property taxes.
  • Enterprise Zones: Provides real and personal property tax incentives for businesses that expand or relocate in Ohio.
  • Job Creation Tax Credit (JCTC): A refundable tax credit to companies creating at least 10 new jobs (within three years) and at least $660,000 additional payroll in Ohio.
  • Job Retention Tax Credit (JRTC): The Job Retention Tax Credit is a non-refundable tax credit to companies retaining at least 500 full-time jobs in Ohio.
  • Research and Development Investment Tax Credit: The R&D Investment Tax Credit is a non-refundable tax credit up to 7 percent for qualified research and development expenses.
Property assistance / other fiscal incentiveMore [+]Less [-]
  • Ohio offers to do a complimentary, confidential site selection search to investors.
  • Ohio offers financial assistance for improvements to the site’s infrastructure, development of public access to the site, and other programs.
  • Site Selection Assistance: Using Ohio InSite and a network of local economic development organizations, assistance is available to help identify industrial site and building opportunities for new business investment projects.
  • Roadwork Development (629) Account: Available for public roadway improvements, including engineering and design costs. Funds are available for projects primarily involving manufacturing, research and development, high technology, corporate headquarters, and distribution activity.
  • Ohio Water Development Authority – Local Economic Development Fund: Low-interest financing is available to communities for public water and sanitary sewer improvements. Loans are made directly to local communities on favorable interest rates and terms.
  • Community Development Block Grant: gives grants of federal funds to units of local government for economic development projects that create and/or retain permanent, private-sector job opportunities. The grants provide financial assistance through local governments to private entities (via loans) for economic development projects; and for public improvements directly related to business retention, expansion, or creation.
Training and labor market assistanceMore [+]Less [-]
  • Ohio can offer programs to identify the skills and experience a company is looking for.
  • Ohio offer assistance for workforce training.
  • Workforce Guarantee Program: Supports companies that are making investments in facilities, equipment, and training that result in the retention and creation of jobs for Ohioans. The Program provides direct financial support to employers for training, paying for a portion of instructor salaries, materials, travel, and special needs.
  • Job Creation Tax Credit (JCTC): A refundable tax credit to companies. The tax credit is measured as a percentage of the state income tax withholdings for all new employees hired under the program.
  • Job Retention Tax Credit (JRTC): The Job Retention Tax Credit is a non-refundable tax credit to companies retaining at least 500 full-time jobs in Ohio. The credit is measured as a percentage of the state income tax withholdings for all employees retained under the program. The tax credit rates for approved projects can be up to 75 percent for 15 years. A business must apply for the credit before committing to the project.
Loan guarantees, cheap loans or financeMore [+]Less [-]
  • 166 Direct Loan: Provides loans for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. The Program provides low-interest loans up to $1 million.
  • Regional 166 Direct Loan: Provides loans for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. Twelve local economic development agencies administer the program. It provides low-interest loans up to $350,000.
  • Community Services Block Grants: provides funds to 52 community action agencies throughout Ohio to reduce the causes and conditions of poverty by supporting job training, economic development, transportation, housing, emergency food, shelter, and health care service programs.
  • Innovation Ohio Loan Fund: Provides loans for acquisition, construction, and related costs of technology, facilities, and equipment purchase. The fund was created to assist existing Ohio companies in developing next-generation products and services within Targeted Industry Sectors.
  • Ohio Advanced Energy Fund: Administered by the Ohio Energy Office, connects companies and communities with financial and technical resources to deploy energy efficiency and renewable energy technologies, and to support advanced energy economic development.
  • Ohio Enterprise Bond Fund: Provides revenue bond financing through an S&P rated fund (currently AA-, “double A-minus”), whereby proceeds from the sale of bonds is loaned to companies for fixed-rate, long-term capital asset financing. Up to $10 million in financing is available through the Program.
  • Ohio Job Ready Sites Program: Sites improved under the program are kept ready for future business prospects seeking locations for new or expanded operations. The grants may be used to offset costs traditionally incurred in industrial and commercial site development, from acquisition of real property to utility upgrades to construction build-out of speculative facilities.
  • Rapid Outreach Grant: Funds are used for the acquisition of machinery and equipment, new building construction, building acquisition, on- or off-site infrastructure improvements and other fixed asset investments, manufacturing, research and development, high technology, corporate headquarters, and distribution.
  • Research & Development Investment Loan Fund: Provides loan financing of between $1 million and $5 million for projects primarily engaging in research and development activity. Rates are fixed (at or below market rates) with terms similar to those of commercial bank financing. Companies receive a dollar-for-dollar, non-refundable Ohio commercial activity tax credit for all principal and interest payments during the year.
  • Rural Industrial Park Loan: Provides direct loans to rural, distressed local communities, and applicants committed to creating well-planned industrial parks.
  • State Energy Plan: Administered by the Ohio Energy Office, conducts special projects to promote awareness, develop capacity, deploy projects, and provide technical assistance, training, and outreach for renewable energy technologies, alternative fuels infrastructure, energy efficient buildings, fuel cells, and industrial process efficiency.
  • Urban Redevelopment Loan: Provides low-interest loans to municipalities or designated nonprofit economic development organizations to acquire real estate for assembly into developable parcels and remediate any brownfield contamination site to entice private business investment in distressed urban locations.
Exemptions from regulationsMore [+]Less [-]

DID NOT SUBMIT
Target sectorsMore [+]Less [-]
  1. Advanced Energy and Environmental Technologies
  2. Aerospace and Aviation
  3. Agriculture and Food Processing
  4. Bioscience and Bioproducts
  5. Corporate and Professional Services
  6. Distribution and Logistics
  7. Instruments, Controls and Electronics
  8. Motor Vehicle and Parts Manufacturing
  9. Polymers and Advanced Materials
Sectors specific incentivesMore [+]Less [-]

ENERGY

  • Ohio Advanced Energy Fund: Administered by the Ohio Energy Office, connects companies and communities with financial and technical resources to deploy energy efficiency and renewable energy technologies, and to support advanced energy economic development.
  • State Energy Plan: Administered by the Ohio Energy Office, conducts special projects to promote awareness, develop capacity, deploy projects, and provide technical assistance, training, and outreach for renewable energy technologies, alternative fuels infrastructure, energy efficient buildings, fuel cells, and industrial process efficiency.
  • Advanced energy portfolio standard (AEPS) - mandates 25% of Ohio’s energy to be produced from renewable and advanced sources. Of this production, 50% must come from within Ohio.

R & D

  • Research & Development Investment Loan Fund: Provides loan financing of between $1 million and $5 million for projects primarily engaging in research and development activity. Rates are fixed (at or below market rates) with terms similar to those of commercial bank financing. Companies receive a dollar-for-dollar, non-refundable Ohio commercial activity tax credit for all principal and interest payments during the year.
  • Research and Development Investment Tax Credit: The R&D Investment Tax Credit is a non-refundable tax credit up to 7 percent for qualified research and development expenses. Qualifying expenses fit into two categories: in-house research expenses and contracted research expenses. Any unused portion of a tax credit may be carried forward for up to seven years.

Sponsorship

If you are the authorised promotions agency for Ohio and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.