Incentives

There are numerous programs designed to help you succeed in Ohio. The State of Ohio offers an impressive number of business and tax incentives, grants and financing programs to businesses locating or expanding in Ohio. Each program offers unique rates, terms and eligibility requirements. For example, Ohio has recently launched several new programs to support advanced energy expansion in the state. For details on the available State funding programs, please visit the Ohio Department of Development’s website: www.ohiomeansbusiness.com

In addition, several local programs are available to attract and retain businesses, reduce risk, encourage investment and grow profits.

Tax Credit Programs:
• Job Creation Tax Credit
• Job Retention Tax Credit
• Research & Development Investment Tax Credit
• Local Property Tax Abatements
• Warehouse Machinery & Equipment
   Sales Tax Exemption
Grant & Low Interest Loan Programs:
• Emerging Technology Grants
• Business Development Grants
• Advanced Energy Grants
• Community Development Block Grants
• Ohio Enterprise Bond Fund
• 166 Direct Loan Program
• Advanced Energy Loan Program
 

Third Frontier Program:

Is an unprecedented commitment to create new technology-based products, companies, industries and jobs. In May 2010, the Ohio Third Frontier was extended through 2015.

 

Globus Printing & Packaging of Minster successfully utilized the Auglaize County Revolving Loan Fund in 2003 to purchase $1,175.390 in new equipment and create 27 new jobs.