Incentives & Taxes

Local Incentive Programs – Availability is based on location of project and project scope. 

Community Reinvestment Areas provide companies locating in a designated Community Reinvestment Area an abatement of up to 100 percent for up to 10 years on real property taxes. To be eligible, a company must be making new real property investment and formalizing an agreement with the local community prior to going forward with the qualifying project.

City of Bryan Pre 1994 CRA Application

The Ohio Enterprise Zone program provides real and personal property tax incentives for businesses that expand or relocate in Ohio. To establish an Enterprise Zone, a municipality or county must apply to the Director of Development for certification. To secure benefits, non-retail businesses must apply to the local community for local property tax exemptions and to the Director of Development for state income tax incentives.

Revolving Loan Fund (RLF) is a gap financing program that offers project funding is targeted to business expansions and start-ups for industrial and manufacturing endeavors including the following:

  • Land (including on-site improvements)
  • Building (including construction, rehabilitation and leasehold improvements of a capital nature)
  • Machinery and Equipment
  • Off-Site Infrastructure directly related to business or industrial development

The RLF will fund up to a maximum of 40% of the total project costs.  Maximum RLF assistance is $25,000 per full-time job created.  The terms will be the useful life of the machinery and equipment and up to 15 years on real estate. If interested in the RLF program please contact the WEDCO office prior to making any investments.

Community Development Block Grant funds granted to communities to help pay for publicly owned infrastructure improvements directly related to job creation or retention by a for-profit business.  In most cases, assistance is limited to providing no more than half of the total off-site infrastructure cost.  Some distressed communities may qualify for up to 75 percent of the off-site infrastructure cost. If interested in the CDBG program please contact the WEDCO office prior to making any investments. 

City of Bryan Municipal Income Tax Rebate provides an incentive, allowable under Ohio Revised Code 718.15, to new or existing businesses within city (Bryan) limits which are creating new, full-time jobs.  Qualified companies may be eligible for a non-refundable income tax credit against their for-profit or individual income tax.  The rate and term of the credit is negotiated by the city administration, Authority, and ultimately approved by city council (or its designated municipal income tax credit advisory council) on an individual 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: Certain training costs associated with the hiring of new employees qualify for partial reimbursement through the Williams County County Department of Job & Family Services. Contact our office for more information or the Northwest Ohio Job Center.

Work Opportunity Tax Credit (WOTC)

The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers who hire individuals from eligible target groups.

For more information visit: https://www.irs.gov/businesses/small-businesses-self-employed/work-opportunity-tax-credit

Applications must be submitted to the Ohio WOTC Office within 28 days of the start to work date of the new employee.  Don’t miss this tax credit by missing the deadline!  


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Lighting Incentive Programs

Cash incentives are available for installation of:

  • High-efficiency fluorescent tubes
  • LED lighting fixtures and retrofits
  • LED lamps and LED exit signs
  • Occupancy and daylighting controls

Effective Dates
To qualify for incentives through the Lighting Incentives Program, equipment must be new and installed after January 1, 2017.
Pre-Approval Requirements
All lighting incentive applications received by the program will require pre-approval before the purchase and installation of materials.

Foreign Trade Zone 8FTZ 8 Logo

From large manufacturers to individuals, any size importer or exporter can take advantage of a foreign-trade zone (FTZ). The fundamental benefits offered by the FTZ program are the ability to defer, reduce or even eliminate U.S. Customs duties on products admitted to the zone.

Toledo Lucas County Port Authoritytoledo-lucas-county-port-authority

The TLCPA has developed a national reputation for innovative business financing, assisting over 390 economic development projects representing a total investment of more than $2 billion while helping to create and retain nearly 18,800 jobs.

For more information on loan and bond programs contact:
Laurie Cantrell, Financing Programs Manager
Email: lcantrell@toledoport.org Phone: 419.243.8251

BetterBuildings offers financing for projects that focus on conserving energy and generating savings through equipment upgrades to existing facilities. The following lists some of the energy improvements eligible for upgrades:

  • Lighting and Building Controls
  • HVAC, Boilers and Chillers
  • Compressor, Motors and Drives
  • Refrigeration
  • Waste Energy Recovery
  • Electrical Distribution
  • Insulation
  • Building Envelope (roofing, windows, etc.)

For more information, call BetterBuildings Northwest Ohio today at 419.243.8251.

Ohio Development Services Agency
odsa-logo

The mission of the Ohio Development Services Agency to help create jobs and build strong communities in Ohio. ODSA offers a variety of Community Grants, Loans, Bonds, and Tax Credits. For companies looking to relocate or expand in Ohio, ODSA works with JobsOhio to offer businesses comprehensive packages of financial and technical assistance resources for job creation and retention. ODSA provides a variety of  financing, loan and grant programs.

State Funding & Grants: JobsOhiojobsohio_logo_social

JobsOhio has a variety of loans and grants available to 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.

  • JobsOhio Economic Development Grant
  • JobsOhio Growth Fund Loan
  • JobsOhio Research & Development Grant
  • JobsOhio Revitalization Program
  • JobsOhio Workforce Grant

Opportunity Zones

Created as part of the Tax Cuts and Jobs Act, Opportunity Zones are a federal economic development tool aiming to improve the outcomes of distressed communities around the country. Opportunity Zones are low-income census tracts that offer tax incentives to groups who invest and hold their capital gains in Zone assets or property.

By investing in Opportunity Zones, investors stand to gain a temporary deferral on their capital gains taxes if they hold their investments for at least 5 years, and a permanent exclusion from a tax on capital gains from the Opportunity Zones investments if the investments are held for 10 years.

The Taxpayer invests cash in the Ohio Qualified Opportunity Fund (“Ohio QOF”), which in turn must invest that money in a Qualified Opportunity Zone property in Ohio. Once the money is invested in the Qualified Opportunity Zone property (“QOZ Property”), the Taxpayer is eligible for a non-refundable tax credit equal to 10% of the amount of its funds invested by the Ohio QOF in the QOZ Property. The Taxpayer may invest in multiple Ohio QOFs and may receive tax credits totaling up to $1 million dollars during the 2020-2021 biennium period.

The Ohio Opportunity Zone Tax Credit is applied to the individual income tax, as outlined in the Ohio Revised Code Section 5747.02. The tax credit may be claimed for the Taxpayer’s qualifying taxable year or the next consecutive taxable year. For the 2020-2021 biennium, a total of $50 million in tax credit allocation in available.

Census Tract 9506, Williams County, Bryan, Ohio is a designated Opportunity Zone.

Ohio Taxes

Ohio’s new taxation system means businesses can:

  • Reduce operating costs – No tax on inventory or corporate income
  • Enhance productivity – No tax on investments in machinery and equipment
  • Enjoy a level playing field – All companies taxed the same low rate
  • Boost return on investment – No tax on product sold to customers outside Ohio
  • Reward entrepreneurship – First $1 million in gross receipts are tax-free; companies with sales between $150,000 and $1 million pay only a $150 flat fee