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SPUR Incentive Information

Below is a list of possible redevelopment incentives. Click on a link
to find out more information.

State Incentives 
County Incentives 
City Incentives 

The Clean Ohio Revitalization and Clean Ohio Assistance Funds 

The Clean Ohio Fund consists of four competitive statewide programs: the Clean Ohio Revitalization Fund, the Clean Ohio Agricultural Easement Purchase Program, the Clean Ohio Green Space Conservation Program, and the Clean Ohio Trails Fund.  The Clean Ohio Fund restores, protects, and connects Ohio's important natural and urban places by preserving green space and farmland, improving outdoor recreation, and by cleaning up brownfields to encourage redevelopment and revitalize communities.

The citizens of Ohio originally voted in 2000 to approve the Clean Ohio Fund with a $400 million bond program. In 2008, the Clean Ohio Fund is a critical component of the Ohio Bipartisan Job Stimulus Plan that aims to create new jobs while laying the foundation for future economic prosperity. Placed before Ohio's voters as Issue 2, the ballot initiative was overwhelmingly approved in all 88 counties which extended the Fund with another $400 million bond program.

Ohio Energy Offices

The Ohio Energy Office works to grow the economy of the state by connecting companies and communities to financial and technical resources to deploy renewable energy technologies and energy efficiency. The Ohio Energy Office Incentives website provides links to resources and grants to those interested in Ohio Energy Programs.

Ohio Manufacturing Machine & Equipment Investment Grant 

Provides a nonrefundable corporate franchise or state income tax credit for manufacturer located in Ohio that purchases qualified new or retooled machinery and equipment that is used in manufacturing.

Ohio Manufacturing Machine and Equipment Sales Tax Exemption 

Provides an exemption from state and county sales tax for companies that purchase machinery and equipment for manufacturing activities. Vendor needs a blanket exemption certificate, available on-line at the Department of Taxation’s website (http://tax.ohio.gov/) under Business, Tax Forms. 

Ohio Job Creation Tax Credit 

Provides corporate franchise or state income tax credit for businesses creating at least 25 new jobs in the State of Ohio.

Ohio Warehouse Machinery and Equipment Sales Tax Credit 

Provides an exemption from state and county sales tax for companies that purchase eligible warehousing equipment. Vendor needs a blanket exemption certificate, available on-line at the Department of Taxation’s website (http://tax.ohio.gov/) under Business, Tax Forms.  

City of Cincinnati Job Creation Income Tax Credit 

A non-refundable tax credit created for companies that create at least 25 jobs in the City within 3 years of adoption of an agreement.

Cincinnati Linked Deposit Loan Program 

Assists businesses by allowing them to receive loans from financial institutions at lower interest rates.  By placing certificates of deposits with a financial institution at an interest rate of 2 percent below market, the city enables financial institution to reduce the loan rate to borrowing businesses by 2 percent.

Cincinnati Enterprise Zone Program 

Provides for real and/or personal property tax exemption of 36% for up to 10 years (remaining 64% must be paid to Cincinnati School District).  Projects receiving greater exemption to a maximum of 75% are considered on a case-by-case basis.

SBA 504 Loan Program 

Provides long term, fixed rate, fixed asset financing for small businesses.  Administration of this program is through the Hamilton County Development Corporation.

 

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