The Tuscarawas EDC offers an extensive array of incentive programs to support businesses that strengthen our local economy and create jobs. Available programs include loans, grants, exemptions, tax credits, and reimbursements. Please contact us to learn more about specific programs and eligibility. We are also ready to assist you via phone or email to answer any questions you might have.
JobsOhio Loan and Grant Programs
Ohio Enterprise Bond Fund (OEBF Loan)
The Ohio Enterprise Bond Fund (OEBF Loan) provides capital for expansion projects to companies that have limited access to capital and funding from conventional, private sources of financing. JobsOhio will consider loans to companies that are in the growth, established or expansion stage, and that have generated revenues through a proven business plan. Read More
JobsOhio Workforce Grant
The JobsOhio Workforce Grant was created to promote economic development, business expansion, and job creation by providing funding for the improvement of worker skills and abilities in the State of Ohio. Grant decisions are based on a number of project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment, and project location. Read More
JobsOhio Economic Development Grant
The JobsOhio Economic Development Grant was created to promote economic development, business expansion, and job creation by providing funding for eligible projects in the State of Ohio. Grant decisions are based on a number of project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment, and project location. Read More
STATE TAX CREDITS AND ABATEMENTS
Job Creation Tax Credit
The Job Creation Tax Credit is a refundable tax credit to companies generally creating at least 10 new jobs (within three years) with a minimum annual payroll of $660,000 that pay at least 150 percent of the federal minimum wage. The tax credit is measured as a percentage of the state income tax withholdings for all new employees hired under the program, and is applied toward the company’s commercial activity tax liability. Should the amount of the credit exceed the company’s commercial activity tax liability for any given year, the difference is refunded. A business must apply for the credit before committing to the project. Applicants must be approved through the Ohio Tax Credit Authority before hiring begins. Read More
Ohio Enterprise Zone Program
The Ohio Enterprise Zone Program provides real property tax incentives for businesses that expand or relocate in Ohio. To establish an Enterprise Zone, a municipality or county must apply to the Director of Development for certification. To secure benefits, businesses must apply to the local community. Certain qualifying businesses may be eligible for additional benefits. Read More
Community Reinvestment Areas
The Community Reinvestment Areas provide companies locating in a designated Community Reinvestment Area an exemption of up to 100 percent of improvement value for up to 15 years on real property taxes. To be eligible, a company must make an agreement with the local community prior to going forward with the qualifying project. Read More
Tax INCREMENT financing (TIF)
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. TIF districts (TIFs) are implemented at the local level and may be created by a township, municipality or county. Payments derived from the increased assessed value of any improvement to real property beyond the original value are directed towards a separate fund to finance the construction of public infrastructure defined within the TIF legislation. TIFs are one of many economic development tools used to help retain, expand and attract businesses into a community or otherwise increase investment in property and property values. Read More
STATE FINANCING
Research and Development Investment Loan Fund
The Research and Development Investment Loan Fund provides loan financing between $500,000 and $5 million for projects primarily engaging in research and development activity. Rates are fixed (at- or below-market rates) with other loan terms similar to those of commercial bank financing. Companies receive a dollar-for-dollar, non- refundable Ohio commercial activity tax credit for principal and interest payments made during the year up to $150,000 during the loan term. Read More
Research and Development Investment Tax Credit
The Research and Development Investment Tax Credit provides a non-refundable tax credit up to seven 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. Read More
Ohio Enterprise Bond Fund
The Ohio Enterprise Bond Fund provides revenue bond financing through an S&P rated fund, whereby proceeds from the sale of bonds are loaned to companies for fixed-rate, long-term capital asset financing. Rates are market-driven and fixed prior to funding. Loan terms range between 7 to 10 years for equipment and 15 to 20 years for real estate. Up to $10 million in financing is available through the program. Read More
166 Direct Loan
The 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 40 percent not to exceed $1.5 million. Read More
Regional 166 Direct Loan
The Regional 166 Direct Loan provides loans for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. Regional economic development agencies administer the program. It provides low-interest loans up to 75 percent collateral value, not to exceed $500,000. Read More
Innovation Ohio Loan Fund
The Innovation Ohio Loan Fund provides loans for acquisition, construction, and related capital costs of technology, facilities, and equipment purchases. The fund was created to assist existing Ohio companies in developing next-generation products and services within the state’s Industry Sectors up to 75 percent ranging from $500,000 to $1.5 million. Read More
STATE GRANTS
Roadwork Development (629)
Roadwork Development (629) funds are 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. Projects must create or retain jobs. Grants are reimbursable and provided to a local jurisdiction and require local participation. Read More
STATE ECONOMIC DEVELOPMENT PROGRAMS
Ohio Third Frontier
A major component of the Office of Technology Investments is the Ohio Third Frontier, an internationally recognized technology-based economic development initiative that is successfully changing the trajectory of Ohio's economy. The $2.3 billion initiative supports existing industries that are transforming themselves with new, globally competitive products and fostering the formation and attraction of new companies in emerging industry sectors. Ohio Third Frontier provides funding to Ohio technology-based companies, universities, nonprofit research institutions, and other organizations to create new technology-based products, companies, industries, and jobs. Read More
Invest Ohio Program
InvestOhio provides a non-refundable personal income tax credit to investors that provide new equity (cash) into Ohio small businesses to acquire an ownership interest in the company. The small business is required to reinvest that infusion of cash into one of five categories of allowable expenses within six months of its receipt. Read More
Site Selection Assistance
For many businesses, choosing the right location for their facility is one of the most important decisions to make. ODSA works with JobsOhio to provide tools and resources for businesses, site selectors and communities looking to provide development-ready sites. Read More
joint economic development districts (jedd)
Joint Economic Development Districts or JEDDs, is a type of contract between the legislative authorities of communities that border or touch each other to develop a specific parcel or parcels of land for a more productive use. Communities that individually lack land development capabilities create and enter into JEDDs with a goal of economic development, job preservation, and/or employment opportunities for their citizens. The combined efforts and shared resources between the communities for the parcel(s) in question aids efficient development. The foundation for a JEDD is cooperation between local communities so that each may economically benefit. Read More
The Ohio Venture Capital Authority (OVCA)
The Ohio Venture Capital Program was created in April 2003. Though creation of the Ohio Capital Fund, a $150 million fund-of-funds, the program is intended to increase the amount of private investment capital available for early-stage or established Ohio-based business enterprises. Read More
Ohio Business Gateway
The Ohio Business Gateway is about making government accessible to you and your business by helping you find the information and services you need to keep your business thriving in Ohio. The goal is to help you complete your transaction or find the information you need as efficiently as possible, so you can focus on what matters most: running and growing your business. Read More
Appalachian Training Investment Partnership Program
The Appalachian Training Investment Partnership (ATIP) Program helps small companies defray some of the costs associated with employee training. Individual grant recipients can receive up to $30,000. A consortium of businesses (no fewer than three eligible and qualifying businesses) can receive up to $50,000. The funds are awarded to small companies that demonstrate a need. Read More
Appalachian Regional Commission’s Federal Access Road Program
The Appalachian Local Access Road program provides matching funds for preliminary engineering, purchase of right-of-way, and initial construction of eligible access road projects. Eligible access road projects link businesses, communities, and residents to the Appalachian Development Highway System and to other key parts of the region's transportation network with the construction of local access roads compatible with local development plans and related to employment opportunities and the stimulation of economic development. Read More
Governor’s Office of Appalachia Rapid Response Fund
The Rapid Response Fund provides matching funds to projects that will have a significant impact in a short period of time. Job creation is strongly emphasized when committing Rapid Response Funds. All activities funded with Rapid Response Funds must be completed and ready for use within one year from the date the grant agreement is executed. Read More
Ohio Incumbent Workforce Voucher Program
This employer-driven program is targeted to provide direct financial assistance to train workers and improve the economic competitiveness of Ohio's employers. The program is designed to offset a portion of the employer's costs to upgrade the skills of its incumbent workforce and will provide reimbursement to eligible employers for specific training costs accrued during training. The program's funding will be used in conjunction with private contributions to fund skill-upgrade training. Eligible employers must demonstrate that by receiving funding assistance through the Ohio Incumbent Workforce Training Voucher Program their business will not only obtain a skilled workforce but will improve their company processes and competitiveness. Read More
OhioMeansJobs.com
Information for Ohio Employers, Job Seekers, & Initiatives. (A division of the Ohio Department of Job & Family Services) Read More
OTHER
Clean Ohio Revitalization Fund
The Clean Ohio Revitalization Fund is a key financial component to helping a community build economic capacity by providing funding for brownfield redevelopment. Brownfield redevelopment allows a community to reclaim and improve its lands, making property viable for new development. Grants are made through a competitive process that includes local evaluation. Read More
Brownfield Revolving Loan Fund
The Brownfield Revolving Loan Fund, Ohio offers this program that offers below market rate loans to assist with the remediation of a brownfield property to return the property to a productive economic use in the community. Read More
USEPA Brownfield Assessment Coalition Grant
The Economic Development and Finance Alliance of Tuscarawas County is endeavoring to create a coalition of adjacent counties to apply for a United States Environmental Protection Agency (USEPA) Brownfield Assessment Coalition Grant. This $1,000,000 hazardous substance and petroleum grant is designed to assess properties whose redevelopment is hindered by existing or potential environmental contamination. Read More
Volume Cap
Volume Cap provides a federal tax benefit by allowing eligible issuers to issue tax exempt Private Activity Bonds up to a state limit known as the “Volume Cap.” The State of Ohio’s allocation of Volume Cap is determined annually by the Internal Revenue Service on a per capita basis, and may be used for projects consisting of multi-family housing, single-family housing, exempt facilities, manufacturing, and student loan bonds. Read More
Ohio Mid-Eastern Government Association (OMEGA) Revolving Loan Fund Program
The OMEGA Revolving Loan Fund (RLF) program offers low-interest loans to businesses in conjunction with bank financing. RLF funds are used in the event that full financing cannot be obtained from a bank, or to fill the gap between the bank's participation and the borrower's cash contribution. The RLF program cannot provide 100% financing of a project. Read More
Ohio Learn to Earn
Ohio Learn to Earn matches individuals looking for work with businesses looking to hire. It gives employers the opportunity to train potential employees at no cost and individuals the opportunity to enhance their skills, network and earn a training certification. Read More