Financing and Incentives

An overview of our popular incentives and financing options are available below, but additional options may be able available based on project details. Contact PDB today to explore your options!

Incentives

Enterprise Zones

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. For more information,
click here.

Community Reinvestment Area (CRA)

The Ohio Community Reinvestment Area program is an economic development tool administered by municipal and county government that provides real property tax exemptions for property owners who renovate existing or construct new buildings. Community Reinvestment Areas are areas of land in which property owners can receive tax incentives for investing in real property improvements. For more information, click here.

Ohio Job Creation Tax Credit

The Job Creation Tax Credit is a refundable and performance based tax credit calculated as a percent of created payroll and 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. Applicants must be approved through the Ohio Tax Credit Authority before hiring begins. For more information, click here.

Financing

SBA 504

Offered through Cascade Capital Corporation, financing can be used for the purchase of new or existing land and buildings (including additions), machinery & equipment, and fixed assets associated with purchase of an existing business. For more information, click here.

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. For more information, click here.

166 Regional Loan

Offered through Cascade Capital Corporation, financing can be used for the purchase of new or existing land and buildings (including additions) and machinery & equipment. Minimum loan amount is $50,000 and the maximum is $500,000. For more information, click here.

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