Incentive Resources

Incentive
RESOURCES


Greene County and the State of Ohio offer a full range of benefits that align with the financial needs of growing businesses to complement our strategic location and pro-business environment.

JobsOhio & Dayton Development Coalition


JobsOhio is a private non-profit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention, and expansion efforts.

Along with our JobsOhio partner, the Dayton Development Coalition, we help you evaluate, identify, and apply for opportunities that may fit your profile and needs. Interested businesses should contact a Department of Development representative.

Grants & Loans

Financing options through JobsOhio include a wide variety of grant and loan programs for development, growth, innovation, infrastructure, among many others.

Tax Credits

The Job Creation Tax Credit (JCTC) 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.

Greene County


Greene County offers a number of different options to assist business development through our Economic Development Incentive Program (EDIP), Greene County Port Authority (GCPA), Ohio Enterprise Zone Program, and the CDBG Revolving Loan Fund.

Eric Henry

937-562-5351

ehenry@co.greene.oh.us

Economic Development Incentive Program (EDIP)

EDIP is a grant program designed to promote economic development, business expansion, and job creation by providing funding for eligible projects in Greene County, Ohio. Businesses interested in requesting an EDIP commitment should contact a Greene County Department of Development representative to preliminarily determine project eligibility.

Greene County Community Improvement Corporation (CIC)

The Greene County Community Improvement Corporation (CIC) is a
not-for-profit organization for the sole purpose of advancing, encouraging, and promoting the industrial, economic, commercial, and civic development of Greene County. The CIC also forms committees focused on Defense &
Intelligence, Labor & Education, Business Retention & Expansion, and
Marketing to advance the mission of the county.

Greene County Port Authority (GCPA)

The involvement of the GCPA as a project partner offers several benefits to development and company expansion projects. Among the benefits the GCPA can bring to a project are the ability to:

• Acquire, own, lease, sell or construct improvements to property;
• Issue revenue bonds for port authority facilities;
• Receive federal and state grants;
• Cooperate broadly with other governmental agencies; and
• Offer sales tax reimbursement on construction materials purchased in Ohio.

The Port Authority uses these powers to pass advantages along to the private developer or owner. Businesses interested in partnering with the GCPA should contact a Greene County Department of Development representative to discuss potential projects.

Ohio Enterprise Zone Program

The Ohio Enterprise Zone Program is an economic development tool administered by municipal and county governments that provides real and personal property tax exemptions to businesses making investments in Ohio.

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.

CDBG Revolving Loan Fund

The Community Development Block Grant Economic Development Program is federal funding that provides up to $500,000 per project for:

• Low-interest, fixed asset, gap financing to Ohio businesses; or
• Grants to communities for public infrastructure improvements associated with for-profit business expansion and job creation.

Federal Hub Zones

Federal programs such as the establishment of Historically Underutilized Business Zones, or HUB Zones, allow small businesses in urban communities to gain preferential access to federal procurement opportunities. Within Greene County, there are currently HUB Zones located in parts of Fairborn and Xenia.

Local Incentives


Greene County is home to a variety of communities, each offering a unique sense of place and pro-business environment. For more information on any community in Greene County, please visit our Data Center.

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Beavercreek

The City of Beavercreek does not have a municipal income tax. Beavercreek aggressively pursues grants for capital projects, continues to upgrade infrastructure throughout the City, and has an increased focus on public/private partnerships related to economic development. Beavercreek has a cooperative and business friendly staff, Planning Commission and City Council and looks to attract business by executing and developing economic development resources through public/private investment partnerships, by securing federal grants and by creating special economic development districts throughout the City. The City of Beavercreek has Tax Increment Financing Districts currently in place and actively explores other opportunities that will develop additional resources, beyond the familiar TIF Districts. Our private and public attractions and amenities, schools, location, capital projects, sustainable growth, lodging, dining and entertainment options all make Beavercreek an attractive community for investment which is why Beavercreek was named one of the Top 100 Best Places to Live by Money Magazine in 2007.

Fairborn Logo

Fairborn

Offers multiple incentives including rebates on income tax and property tax through their Community Reinvestment Area, as well as direct payments to businesses through the Fairborn Business Growth Initiative.

Xenia

Xenia

The City of Xenia’s Development Department can assist your project with confidential technical and/or financial assistance if desired. This assistance can include the investigation of all available local, state, and federal financing and incentive programs to provide a tailor-made financial incentive package for your project. A number of frequently used programs include:

City of Xenia Revolving Loan Fund
A limited, public-sector loan program that can be used in conjunction with conventional financing for real property (land and/or building) acquisition, improvements, and purchase of machinery/equipment.

Xenia Income Tax Rebate Program
The Xenia Income Tax Rebate Program returns a portion of income taxes collected from non-retail businesses. Projects creating at least 45 new full time jobs with a wage of 150% of the federal minimum wage (which equates to $10.88 per hour), or 20 jobs at 400% of the federal minimum wage (which equates to $28 per hour) or some combination of the 2. So long as total payroll exceeds $750,000 for those jobs paying in excess of 150% of the federal minimum wage.