Incentives. Resources. Grants. Tax Credits. Low-Interest Loans. Employee recruitment and pre-screening.

Pledge Loan Program (City of Springfield Only)

A low interest-lending program is available for most business development uses through cost of the City’s lending institutions. This program is similar to the State’s Linked Deposit Program. It is targeted toward building or site reuse or job retention and creation.

Springfield Targeted Investment Loan Fund (City of Springfield Only)

This program provides direct loans to manufacturers, wholesalers, and large scale retail projects in targeted areas of the City of Springfield. Conventional bank standards apply. The company must demonstrate the need for a subsidy and verify the creation/retention of one job for every $20,000 received. Prevailing wages apply for construction.

Springfield City Revolving Loan Program (City of Springfield Only)

Direct loans of up to 33% of the total project cost are available to manufacturers, retail and service companies. Conventional bank standards apply. A company must demonstrate the need for a subsidy and verify the creation/retention of one job for every $10,000 received. Prevailing wages apply for construction.

Clark County Revolving Loan Program

Direct loans to for-profit manufacturers, retailers or service businesses in Clark County, Ohio. Conventional bank standards apply. Flexible rates and terms.

SBA 504 Loan Program

Direct loans to established businesses in Ohio for land and building acquisition, expansion, renovation and equipment purchases.

Micro Enterprise Pilot Loan Program (City of Springfield Only)

Loans are provided to start-up and newly formed small businesses known as micro-enterprises. Financial assistance is available to supplement working capital to promote business success. Direct loans of up to $5,000 available for micro enterprises (less than five employees) located in the City of Springfield. Typically given to new and start-up businesses.

There are many different incentives offered by the State of Ohio through JobsOhio. Our team will work to understand your needs and connect you with the necessary resources.

• Business Tax Reform
• Ohio Job Creation Tax Credit
• R & D Investment Tax Credit
• Ohio Investment Training Grants
• Ohio Workforce Incentives
• Rapid Outreach Grants
• Ohio Enterprise Bond Fund
• Volume Cap Program
• 166 Direct Loan
• Innovation Ohio Loan Program
• R & D Investment Loan Fund

Enterprise Zones

Enterprise Zones (EZs) are areas targeted for limited local and state tax abatement and tax credits. Local tax abatement (typically between 60% and 75% exemption) can be provided for new investments of real property (up to 10 years). Abatements up to 100% can be granted on remediation actions for contaminated property and in other unique cases.

City Job Credits (City of Springfield Only)

City job credits can be applied toward acquisition costs of land at the City’s industrial parks. The job credits can be utilized one time at the time of acquiring the site in the amount of $250 per each retained or created job. This is a credit created specifically for very significant job retention and creation at the City’s industrial parks. The job credits are negotiable on a case-by-case basis.

Municipal Income Tax Credit (City of Springfield Only)

This is a job credit toward a corporation’s municipal income taxes, which can be granted contingent upon the State issuing a State Job Tax Credit and which is structured similar to the State’s Job Creation Tax Credit. The City’s policy recommends a credit for 50% for five years, with exemptions available in the event of a very significant job creation and investments into the State and City.

Tax Base Revitalization Incentive Program (City of Springfield Only)

This program involves the waiver of permit fees in connection with the redevelopment of commercial/industrial sites in Springfield.

Community Reinvestment Areas

Community Reinvestment Areas (CRAs) are formed to encourage development and improvements to historic, commercial, industrial, and/or residential areas.

HUBZones

The HUBZone Empowerment Contracting Program stimulates economic development and creates jobs in urban and rural communities by providing Federal-contracting preferences for small businesses.

ESP Program

The Dayton Region Entrepreneurial Signature Program (ESP) is a key initiative of to grow the Region. The goal is to significantly increase the technology-based entrepreneurial commercialization outcomes in the region by investing finances and/or services in targeted industries.

Foreign Trade Zone #138

A U.S. Foreign-Trade Zone (FTZ or zone) is a site within the United States that is legally considered outside of Customs territory for the purpose of duties, so goods may be brought into the site duty-free and without formal customs entry.