Ohio Enterprise Zone Program

Ohio Enterprise Zone Program

Business/Project

Local and state tax incentives for businesses that expand or locate in Ohio. Local guidelines regulate the type of business and investment eligible for incentive.

Rate/Terms

In municipalities, up to 75% exemption of the value of real property improvements and/or new tangible personal property for up to 10 years. In unincorporated areas, incentives can be up to 60% exemption of the value of new real and/or personal property for up to 10 years. The exemption level can be exceeded under special circumstances with school board approval.

State franchise tax benefits are available to businesses, which are in compliance with the local enterprise zone agreement and document a minimum of 25% of the new hires coming from specific disenfranchised groups.

Additional state incentives available include health care subsidies and disadvantaged worker hiring credits.

Eligibility

Business must agree to retain or create employment and establish, expand, renovate or occupy a facility in an Enterprise Zone. An agreement must be in place prior to start of project. Retail projects are not eligible unless the site is within a designated Impacted City Area. Projects involving relocation of assets or employment positions within Ohio are restricted and must meet specific requirements.

Incentives

Substantial real and personal property tax reductions. See ORC 5709.61-69.