Incentives & Taxes
Discover the array of local incentives and tax benefits available to businesses in our community. From tax credits for job creation to incentives for business expansions, our region offers a range of opportunities to support your growth and success. Explore our highlight reel below to get a glimpse of what we offer, and contact our office for more information on how we can help your business thrive.
Foreign Trade Zone 8
The Foreign-Trade Zone (FTZ) encompasses all of Williams County, offering companies the opportunity to import goods into the zone without incurring duties or most fees, including exemption from inventory tax. US manufacturers pay whichever duty is lower, often zero for manufactured goods, eliminating costs associated with importing raw materials and goods. Within the Foreign-Trade Zone, merchandise can be assembled, exhibited, manufactured, mixed, processed, relabeled, repackaged, repaired, salvaged, sampled, stored, tested, displayed, and destroyed.
Revolving Loan Fund
A gap financing program provides project funding tailored for business expansions and start-ups in industrial and manufacturing sectors. This funding encompasses various aspects, including land (with on-site improvements), building (covering construction, rehabilitation, and leasehold improvements of a capital nature), machinery and equipment, and off-site infrastructure directly associated with business or industrial development. The Revolving Loan Fund (RLF) will allocate funding of up to 40% of the total project costs, with maximum RLF assistance set at $25,000 per full-time job created. Terms extend up to the useful life of the machinery and equipment and up to 15 years for real estate investments.
Enterprize Zone Program
Enterprise zones are specified land areas where businesses are eligible to receive tax incentives, including tax exemptions on qualifying new investments. Municipalities may offer up to 75% tax exemptions for a maximum of 10 years, while unincorporated areas can provide up to 60% exemptions over a 10-year period for new investments in building, machinery/equipment, inventory, and improvements to existing land and buildings for a designated project. With approval from the school board, these exemptions can be increased to 100% for up to 15 years
City of Bryan Municipal Income Tax Rebate
This program offers an incentive, authorized by Ohio Revised Code 718.15, to both new and existing businesses operating within the city limits of Bryan that are generating new full-time job opportunities. Eligible companies may qualify for a non-refundable income tax credit against their for-profit or individual income tax. The rate and duration of the credit are determined through negotiations involving the city administration, Authority, and ultimately ratified by the city council (or its designated municipal income tax credit advisory council) on a case-by-case basis.
Employment Pre-screening, Testing, and Recruitment Services
Through the area’s workforce development offices, prospective employers in Ohio can access “one-stop” services for the hiring and placement of new employees. Services available through Northwest Ohio Jobs Centers include: matching your employment needs with existing job and applicant pools, testing and screening prospective workers; and other workforce services.
Training Cost Assistance
Through On-the-Job Training (OJT) programs, employers have the opportunity to receive reimbursement of up to 50% of the wages earned by eligible new trainees as they acquire job-specific skills. This funding serves to offset the costs associated with training workers, thereby enhancing business productivity and growth. Prior to hiring new employees, an OJT agreement must be established. Funding is allocated on a first-come, first-served basis, with a maximum reimbursement cap of $8,000 and a training period duration not exceeding six months.
State Funding & Grants: JobsOhio
JobsOhio has a variety of loans and grants available in businesses in Ohio. Ohio's Strategic location and pro-business climate bring together a full range of benefits that align with the financial needs of growing businesses.