Incentives

The JEDISO team is your key to unlocking the various incentive programs available to businesses looking to grow in the Southern Ohio region. Contact us for more information on eligibility and for assistance in applying.

Local Incentives

Jackson, Pike, Ross, and/or Scioto Counties offer the following local incentives:

  • Community Development Block Grant- ED Program
  • Community Revitalization Areas (in selected areas)
  • Enterprise Zone Tax Abatements
  • Joint Economic Development District (JEDD) (in selected areas)
  • Revolving Loan Funds
  • Municipal Job Creation Tax Credits (in selected municipalities)
  • Tax Increment Finance Districts (in selected areas)
  • Rural Enterprise Loan Program (in selected areas)
  • Flour B&W Portsmouth Opportunity Fund Grants

Regional Incentives

State/Federal Incentives

  • Jobs Creation Tax Credits Program provides tax credits for projects that surpass certain payroll thresholds.
  • Roadwork Development (629) provides funds for public roadway improvements, including engineering and design costs. Funds are available for projects primarily involving manufacturing, research and development, high technology, corporate headquarters, and distribution activity. Projects must typically create or retain jobs. Grants are usually provided to a local jurisdiction and require local participation.
  • The Ohio 166 Regional Loan Program is a State-funded loan pool that can finance up to 40% of the total cost of a business capital investment project at fixed, below market interest rates with a lower down payment.
  • JobsOhio Revitalization Program supports the acceleration of redeveloping sites in Ohio. The primary focus is placed on projects where the cost of the redevelopment and remediation is more than the value of the land and a site cannot be competitively developed in the current marketplace. Priority will be placed on projects that support near term job creation opportunities for Ohioans.

Additional State/Federal Incentives include:

  • The JobsOhio Workforce Grant was created to promote economic development, business expansion, and job creation by providing funding for the improvement of worker skills and abilities in the State of Ohio. Grant decisions are based on a number of project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment, and project location.
  • Ohio State University South Centers – Small Business Development Center educates prospective, new and second stage business owners through direct no-cost consulting, training, research, and technical assistance in all areas of business management. The Center also provides no-cost peer-to-peer learning, access to venture capitalists, guidance in diversification and strategic planning.
  • The Economic Development Loan and Public Infrastructure Grant Program creates and retains permanent, private-sector jobs, principally for low- and moderate-income persons, through the expansion and retention of business and industry in Ohio communities.
  • OhioMeansJobs Centers that assist job seekers, employers and youth with job search assistance, employee recruitment, job training, Job Fairs, testing, on –the-job training agreement reimbursements, employer application services, and more.
  • New Market Tax Credit Zones apply at multiple locations in each of the four southern Ohio counties. The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs). In 2010, Ohio rolled out its own version of NMTC, providing additional funding rounds for Ohio projects.
  • Foreign Trade Zone 138, for which the Columbus Regional Airport Authority is the Grantee, is able to provide FTZ designation to any site located within its 25-county service area in Central Ohio, which includes Pike County, Ross County, and parts of Scioto County.
  • Foreign Trade Zone 270, for which the Lawrence County Port Authority is the Grantee, is able to provide FTZ designation to any site located in its service area, which includes Scioto County.
  • Manufacturing Extension Partnership services is offered through the Appalachian Partnership for Economic Growth in partnership with the Ohio Development Services Agency. The Ohio MEP provides products, services and assistance dedicated to the productivity, growth and global competitiveness of Ohio manufacturers.
  • Grow Now is a partnership between the state’s eligible banks and the Ohio Treasury. Small businesses in Ohio which are organized for profit, maintain offices and operating facilities in Ohio and employ fewer than 150 people may apply for low interest loans.
  • USDA’s Rural Business Enterprise Grants (RBEG) and Intermediary Relending Program
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