Funding, Incentives & Taxes

Funding

Indiana Economic Development Corporation - Indiana's lead economic development initiative has unique resources to help your business grow there.

Innovation Ohio Loan Fund - Acquisition, construction and related capital costs of technology, facilities and equipment purchases can fall under this loan fund. 

JobsOhio Revitalization Program - Loans and grants are available to public and private entities trying to clean up and redevelop sites across Ohio.

JobsOhio Workforce and Economic Development grants - Available grants will be distributed 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.

Kentucky Innovation Network - Formerly known as ezone, the Network has been serving Northern Kentucky businesses and startups since 2001. The organization accelerates, mentors and helps earn exposure for startups, emerging and existing entrepreneurs. 

Northern Kentucky business grants and loans - Eligible Northern Kentucky companies benefit form a variety of state and local incentive programs created to provide a competitive business environment.

Ohio 166 Regional and Direct loans - Eligible businesses can obtain loans for land and building acquisition, construction, expansion or renovation, and equipment purchases. The program provides low-interest loans for up to 40 percent of costs, not to exceed $1.5 million.

Ohio Enterprise Bond Fund - Revenue bond financing is available through an S&P-rated fund, whereby proceeds from bond sales are loaned to companies for fixed-rate, long-term capital asset financing.

Ohio Minority Business Direct Loan Program - Fixed, low-interest rates are offered to certified minority businesses that are locating or expanding in Ohio and demonstrate the ability to create new jobs.

Ohio Research and Development Investment Loan Fund - Loan financing between $500,000 and $5 million is available for projects primarily engaging in research and development activity.

Ohio Roadwork Development (629) - Funds are available for public roadway improvements, including engineering and design costs, as well as for projects primarily involving manufacturing, research and development, high technology, corporate headquarters, and distribution activity. 

Ohio Third Frontier - Funding is available to Ohio technology-based companies, universities, nonprofit research institutions and other organizations to create new technology-based products, companies, industries and jobs.

Incentives

Financial assistance is available through several local governments. Please contact REDI Cincinnati at (513) 562-8474 or info@REDICincinnati.com for more information.

Kentucky financial incentives - Eligible Northern Kentucky companies benefit from a variety of state and local incentive programs created to provide a competitive business environment.

Ohio Community Reinvestment Areas - Companies locating in a designated Community Reinvestment Area can be exempt for up to all improvement value for up to 15 years of real property taxes.

Ohio Enterprise Zone program - Real property tax incentives are provided for businesses that expand or relocate in the State of Ohio.

Ohio Incumbent Workforce Training Voucher program - In partnership with Ohio Means Jobs, this employer-driven program offers direct financial assistance to train workers to improve Ohio employers' economic competitiveness.

Ohio Job Creation Tax Credit - A refundable tax credit is offered to companies 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.

Ohio Research and Development Investment Tax Credit - A non-refundable tax credit is provided for up to seven percent of qualified research and development expenses.

Ohio Tax Credit Authority - A refundable tax credit is provided against a company's insurance premiums tax, commercial activities tax or individual Ohio personal income tax obligations. 

 

Tax information

State tax information 

County tax information 

Ohio  

 

Kentucky  

 

Indiana  

 

Local tax information 

More Information

For more information, contact REDI Cincinnati at (513) 562-8474 or Info@REDICincinnati.com.
Page added
Click print when complete to create a PDF
of all pages in the cart.