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Local Incentives
Realizing the importance of business and industry, our communities have taken a proactive approach toward economic development. Darke County Communities can offer a very competitive incentive package to businesses that invest and create jobs in the community. Enterprise Zones and CRAs are available in areas seeking to attract business and industry. Other local incentives include State or County low-interest loans that may be available for your business project.
Enterprise Zones
The Enterprise Zone Program offers exemptions on real property or new tangible personal property for up to 10 years for eligible projects. Enterprise Zone agreements are negotiated with the local legislative authority and the actual percentage of abatement usually depends on the dollars invested and the number of jobs created or retained. Other considerations include projected payroll, infrastructure needs, as well as other factors. Only non-retail businesses can qualify for Enterprise Zone abatements.
Established enterprise zones exist in the following areas: The City of Greenville and Greenville Township, Versailles and Wayne Township, Union City, Gettysburg, Ansonia and Bradford.
Community Reinvestment Act
The Community Reinvestment Area (C.R.A.) program offers exemptions on improved real property for up to 15 years for eligible projects. An active CRA is established in the Downtown business district of the City of Greenville.
Ohio Job Creation Tax Credit
State and municipal tax incentives are available for businesses that expand or locate in Ohio. State guidelines regulate the type of business and project eligible for the incentive. Businesses must agree to create at least 25 new, full-time jobs within three years of operations and pay at least 150% of the current federal minimum wage. Other eligibility requirements must be met to qualify. Contact Darke Economic Development for more information.
Ohio Machinery & Equipment Investment Tax Credit
This non-refundable corporate franchise or state income tax credit is for eligible manufactures that purchase new machinery and equipment that is located in Ohio and is used in the production or assembly of a manufactured good. The 7.5% tax credit is based on the increase of investment which is in excess of the three year annual average investment on machinery and equipment. Contact Darke Economic Development for eligibility details.
Ohio Investment in Training Program (OITP)
Provides financial assistance and technical resources for customized training involving employees of new and expanding Ohio businesses. Up to 50 percent reimbursement for manufacturing and selected business sectors. Company must make a significant capital and training investment related to creating and retaining jobs.
One-Stop Workforce Development
Darke County Workforce Development (DCWD) is a partnership bringing together state, county and private employment and training services. DCWD can assist your company in employee recruitment, job screening, skill assessment and skills matching. Additional services include training services, labor market information and special programs catered to the individual needs of your business. For more information, contact John Greendyke or Bonita Bey at 937-548-4131 or email DCWC.
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County Corp. is a Community Development Corporation offering SBA 504 Loans and Ohio Department of Development Regional 166 Loans to businesses in the Greater Dayton Region, including Darke County.