Brownfield
Redevelopment
The Brownfield
Redevelopment Division strategy includes creating and
retaining jobs, generating new sources of revenue for local
governments, schools and county programs; encouraging
redevelopment of vacant abandoned properties, promoting the County
Greenspace Plan. Cuyahoga County Department of Development,
Brownfield Redevelopment Division provides assistance and
expertise in returning brownfield sites to viable community and
economic assets.
Community
Assessment Initiative (CAI)
The County provides professional services to conduct Phase
I and Phase II environmental site assessments on brownfields
contaminated with hazardous substances and/or petroleum products
in Cuyahoga County.
Brownfield
Redevelopment Fund (BRF)
The County’s Fund to assist with environmental cleanup
on brownfields contaminated with hazardous substances and/or
petroleum products in Cuyahoga County. Find out if your project
may be eligible for County assistance.
USEPA
Brownfield Revolving Loan Fund (BRLF)
The United States Environmental Protection Agency’s (USEPA)
Brownfield Revolving Loan Fund (BRLF) is an alternative source of
cleanup funding for brownfield sites throughout Cuyahoga
County.
Clean
Ohio Fund
The State of Ohio’s Fund for environmental assessment
and cleanup of eligible brownfield sites.
Brownfield
Economic Development Initiative (BEDI)
The Brownfield Economic Development Initiative (BEDI) is a
competitive grant program that the US Department of Housing and
Urban Development (HUD) administers to stimulate and promote
economic and community development. Cuyahoga County is an eligible
applicant; HUD does not provide assistance directly to
citizens.
Brownfield
Tax Incentives
The Brownfields Expensing Tax Incentive is intended to
spur the cleanup and revitalization of brownfield properties by
allowing taxpayers to immediately reduce their taxable income by
the cost of their eligible cleanup expenses.
Ohio
Department of Development
Working with
communities and businesses, the Department of Development promotes
economic opportunities to improve the profits and prosperity of
Ohio's citizens. The Department acting in a support role provides
financial, informational, and technical assistance to those making
an investment in Ohio's future.
As a cabinet
level agency, the Department oversees a full portfolio of programs
including: business attraction and retention, small business growth,
technology commercialization, export promotion, travel promotion,
energy efficiency, affordable housing, community infrastructure,
downtown revitalization and brownfield clean-up.
The Ohio
Department of Development's Strategic Business Investment Division
works to create, retain and expand job opportunities for all
Ohioans. The Division focuses on issues affecting Ohio's economy and
provides a variety of business development resources to help Ohio
remain at the forefront of economic development.
The Division
offers companies direct financial assistance in the form of
low-interest loans,
grants,
bonds,
and state and local tax
incentives . The Division also offers assistance with employee training and
infrastructure development.
Tax
Incentives in Ohio
The Office of Tax Incentives (OTI) is responsible for
managing the state's business development tax incentive programs and
overseeing the administrative performance of various local property
tax incentive programs. Office staff also provides support to the
members of the Ohio Tax Credit Authority, who are charged with the
duty of reviewing and approving tax credits for job creation and
retention projects throughout the state. The Authority consists of
five members appointed by the Governor, Speaker of the Ohio House of
Representatives, and President of the Ohio Senate.
Services
for Business and Industry
The Ohio Energy Office's Business and Industry team manages
a portfolio of technical and financial resources, and works with
partners to improve the competitiveness of Ohio manufacturers and to
foster emerging energy technologies.
Businesses that
spend less than $150,000 on energy yearly now have a tool to help
them reduce energy waste and hold down costs. The Ohio
Small Business Energy Saver is free and easy to use!
Ohio Business Energy Resource Center
Improve
Competitiveness of Ohio Manufacturers
Ohio is among
the top ten energy users in the nation. In the face of rising energy
prices nationwide, the state of Ohio is finding ways to help
business and industry manage their energy usage to get the most from
their energy dollars today
Ohio
1st Stop Business Connection!
The
1st Stop Business Connection, a program sponsored by
the Ohio Department of Development's Small Business Development
Centers and the U.S. Small Business Administration, provides FREE
state-level information needed to get started or continue on your
entrepreneurial journey.
You will be
guided through six simple steps to create a business information
kit. Then, you can immediately download your kit.
Business
Incentives Loans and Grants
Ohio
Enterprise Bond Fund
Provides loans for land and building acquisition,
construction, expansion or renovation and equipment purchases
for eligible businesses.
Volume
Cap Program
Federally authorized programs providing authority to issue
tax-exempt bonds for select private (non-governmental) activities
166
Direct Loan
Provides loans for land and building acquisition, expansion
or renovation, and equipment purchase.
Regional
166 Direct Loan
Provides loans for land and building acquisition,
construction, expansion or renovation and equipment purchases for
eligible businesses. Twelve local economic development agencies
administer the program.
Pioneer
Rural Loan
Provides direct loans for businesses locating or expanding
in Ohio's rural areas. Businesses must demonstrate that they will
create new jobs for Ohio citizens in rural areas. Loan may be used
for acquisition of land and buildings, new construction, renovation
and expansion of existing buildings and acquisition of machinery and
equipment.
Rural
Industrial Park Loan
Provides direct loans and loan guarantees to rural,
distressed local communities and other eligible applicants committed
to creating well-planned industrial parks.
Urban
Redevelopment Loan
Removes development barriers from urban core property so
that private sector job opportunities can be created.
Innovation
Ohio Loan Fund Program
The IOF can finance up to 75 percent of a project’s
qualifying costs through loans in the range of $500,000 to $3
million.
Research
& Development Investment Loan Fund Program
The Research and Development Investment Loan Fund (R&D
Fund) was created to promote economic development, business
expansion and job creation by encouraging private-sector R&D
investments. The R&D Fund provides assistance in the form of a
low-interest loan, partnered with a tax credit.
The
Clean Ohio Revitalization and Clean Ohio Assistance Funds
These Funds are a portion of the $400 million Clean Ohio
Fund approved by Ohio voters in November 2000. Voters gave the state
the ability to issue $200 million for brownfield redevelopment
activities and $200 million for preservation of green space. The
Ohio Department of Development, through its Office of Urban
Development, is implementing the brownfield portion of the bond in
consultation with the Ohio Environmental Protection Agency.
Government Contracting
The Procurement Technical Assistance Centers—PTAC—help
Ohio's businesses sell goods and services to local, state and
federal governments. In addition to services like marketing,
one-on-one training and help with information resources, the Ohio
PTA Centers offer: bid-matching services, product and procurement
histories, military specifications, and trade events where Ohio
firms can meet government buyers. These services are provided at no
cost to Ohio businesses
Office of Policy Research and
Strategic Planning
The Office of Policy Research and Strategic Planning
provides data and analysis on the Economic, Industrial, and
Demographic trends of the State of Ohio, its businesses and its
people.
Tax Reform in Ohio
Major
Components of Tax Reform Plan
The Tangible
Personal Property Tax is a property tax placed on
physical property used in the general operations of a manufacturing
or service-based business - is a revenue source that is utilized for
funding a wide variety of governmental activities. However, this tax
is widely viewed as a disincentive to capital investment and, as a
result, is a roadblock to increases in personal and business
productivity, income growth, and job creation in Ohio.
The Minority Contractors and Business
Assistance Program (MCBAP)
The Minority
Contractors and Business Assistance Program (MCBAP) provides
outreach for the Minority Business Enterprise Division into the
minority business community. The MCBAP offices assist minority
entrepreneurs with loan and bond packaging services, management,
technical, financial and contract procurement assistance.
Workforce and Talent Division
The Workforce
and Talent Division provides financial assistance and technical
resources for customized training involving employees of new and
expanding Ohio businesses.
Workforce and
Talent Division provides up to 50 percent reimbursement to fund
instructional costs, materials and training-related activities.
There is an emphasis on manufacturing and selected employment
sectors that have significant training and capital investment
related to creating and retaining jobs.
Workforce and
Talent Division also supports community economic development efforts
through job creation and retention. The result is increased employee
productivity, improved labor/management relations and a highly
skilled labor pool.
The regional
Workforce and Talent Division Coordinators walk companies through
all phases of the application and approval process, at no cost to
the business.
REGION
8–Northern Ohio
Training
Coordinator
Phone: 216.787.3240
Enterprise
Ohio
Ohio
Department Job & Family Services
Workforce
Development Clearinghouse
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