Fayette
County and the State of Ohio offer competitive
business incentive programs to companies looking
to locate or expand their operations. Everything
from tax credits and enterprise zones to job
creation support and economic development programs.
Take a moment to review the following programs.
Then, if you have questions or would like additional
information, please contact us at info@fayetteforbusiness.com.
Tax Credit Programs
http://www.odod.state.oh.us/EDD/Tax_Credit.htm
Community Reinvestment Areas
Community Reinvestment Areas are areas of land
in which property owners can receive tax incentives
for investing in real property improvements.
The Community Reinvestment Area (CRA) Program
is a direct incentive tax exemption program
benefiting property owners who renovate existing
or construct new buildings.
http://www.odod.state.oh.us/edd/cra/
Community Reinvestment Areas Maps 1&2(pdf)
Community Reinvestment Areas Map 3(pdf)
Community Reinvestment Areas Map 4(pdf)
Community Reinvestment Areas Applications(pdf)
Community Reinvestment Areas Guidelines(pdf)
Enterprise Zones
Provides real and personal property tax incentives
for businesses that expand or locate in Ohio.
Local guidelines regulate the type of business
and investment eligible for incentive.
http://www.odod.state.oh.us/edd/ez/
Fayette
County Enterprize Zone Application(pdf)
View Fayette County Enterprise Zones and Active
Agreements:
http://www.odod.state.oh.us/ez/base/Selection.asp?County=Fayette
Job Creation Tax Credit
The program provides a refundable tax credit
against a company's corporate franchise or
income tax based on the state income tax withheld
from new, full-time employees.
http://www.odod.state.oh.us/EDD/jctc/
Ohio Manufacturing Machinery and Equipment
Provides a nonrefundable corporate franchise
or state income tax credit for manufacturer
located in Ohio that purchases qualified new
or retooled machinery and equipment that is
used in manufacturing.
http://www.odod.state.oh.us/edd/itc/
Tax Increment Financing
Tax Increment Financing (TIF) is an economic
development mechanism available to local governments
in Ohio to finance public infrastructure improvements
and, in certain circumstances, residential
rehabilitation.
http://www.odod.state.oh.us/TIFSummary1.31.pdf
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