Local Incentives
Results
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...
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Application: Project financing
Benefits: Access to capital markets, and potentially, tax-exempt interest rates.
The Clinton County Port Authority (CCPA) can issue bonds on behalf of a borrower for the purpose of making the proceeds available to the borrower for certain projects. CCPA works...
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Application: New construction, expansion, or renovation projects
Benefit: Abatement of property taxes
The Ohio Enterprise Zone (“EZ”) program is an economic development tool administered by counties and municipalities that provides real and/or personal property tax incentives to companies expanding or relocating in Ohio...
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Benefits: Increased investment in economically distressed Ohio Opportunity Zones; Increased business and housing development in Ohio Opportunity Zones; Taxpayers reduce their individual income tax liability
The Ohio Opportunity Zone Tax Credit Program provides an incentive for Taxpayers to invest in projects in economically distressed areas known...
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Application: New construction projects
Benefit: Financing certain public infrastructure improvements, and in some cases, certain private improvements
Tax Increment Financing (“TIF”) is a mechanism to use the future increase in property taxes (technically “PILOTs,” as described below) from a project or group of...
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