Crawford business incentives are creative and focused on meeting employer’s needs.
Community Reinvestment Area Tax Exemption (CRA) - This program can offer an exemption from real property taxes of up to 100 percent of local real property taxes for a period of up to 15 years for commercial or industrial new building projects, and up to 12 years for existing buildings with a minimum investment of $5,000. Exemptions over 50% must be approved by the local school board. To be eligible, a company must enter into an agreement prior to going forward with the qualifying project.
- City of Bucyrus
- City of Galion
Crawford County Enterprise Zone Tax Exemption-- Exemptions can be offered to effectively abate up to 100% local real property taxes for a period of up to 15 years. The local school board must agree to any abatement over 75% prior to the company going forward with the qualifying project. The Enterprise Zone Program is reserved for manufacturing, distribution or service-related projects only. Retail can apply through the CRA program. The following county areas are within the established Enterprise Zone:
- Polk Twp.
Tax Increment Financing (TIF)-- As an alternative to, or in conjunction with, the Community Reinvestment Area and Enterprise Zone exemptions, a TIF district can be established to assist in paying for public infrastructure improvements. Under a TIF agreement, a negotiated percentage of real property taxes can be exempted, with the remaining incremental tax redirected as payments in lieu of tax (PILOTs) to service any debt incurred for improvements. The local school board must agree to any abatement over 75% prior to the company going forward with the qualifying project.
Foreign Trade Zone Support (FTZ) -- Crawford County is designated as FTZ #138, which benefits companies by allowing them to defer or avoid U.S. customs tariffs and duties, and to enjoy other advantages that occur when importing products normally subject to quotas. These economic benefits and time savings also allow companies to become more competitive in the global marketplace.
Permitting Fees-- Each city or municipality within the county has the authority and can waive all permit fees in exchange for substantial job creation. In addition, the permitting process can be expedited to accelerate project timing.
Community Development Block Grant/Economic Development Revolving Loan Fund-- The Partnership can also assist in securing low interest gap financing for land and building acquisition, construction, equipment and working capital needs based on job retention and creation commitments. Project cannot begin until this agreement has been approved by city and county officials.
Training/Workforce-- Financial assistance is provided to employers through the following programs:
- On-the-Job Training Program (Ohio Department of Jobs & Family Services): For companies looking to add personnel, up to $1,000 is available for each new hire to help cover training costs; followed by up to $1,500 for the retention period that follows once training is completed.
- Incumbent Worker Training Program: This program provides up to 50% of the funding for training to advance the skills of an employer’s existing workforce.
- Work Opportunity Tax Credit Program (WOTC): Provided by the Tax Incentive Group, LLC (TIG), employers can claim a tax credit when hiring WOTC-eligible individuals. The credit is generally received for a new employee’s first-year wages—25% if the employee works at least 120 hours in the first year; 40% if they work at least 400. (Source: http://www.paychex.com/articles/payroll-taxes/work-opportunity-tax-credit-extended/?U=1_SR1A_C1DLW).
- Crawford County qualifies as a Rural Renewal County, which targets workers ages 18-39 as eligible for this program.
- Other applicable target groups include:
- Unemployed and disabled veterans
- Recipients of Temporary Assistance for Needy Families (TANF)
- Food Stamp (SNAP) recipients
- Vocational rehabilitation-referred individuals
- Recipients of Supplemental Social Security Income (SSI)
- Long-term (at least 27 consecutive weeks) unemployed
For more information, contact:
Executive Director, Economic Development
Crawford County Partnership for Education and Economic Development
Or, visit the Ohio Development Services Agency website: https://development.ohio.gov/
Last updated: July 2016