Cleveland Department of Economic Development
601 Lakeside Ave., #210
Cleveland, OH 44114
PH: 216.664.2406
Enterprise Zone Tax Incentive Program
Real and personal property tax abatement for business
retention and expansion projects located outside the
central business district. Tax abatement can be applied to
real property improvements, machinery, equipment, fixtures
and inventory. Businesses must meet minimum qualifying
investment levels established by the State of Ohio and
demonstrate that "but for" the abatement, the project would
not proceed.
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Cleveland - Cuyahoga County Port Authority
101 Erieside Avenue
Cleveland, OH 44114-1095
PH: 216.241.8004
Foreign Trade Zones
Federal and state tax incentives may be available for
companies locating in existing or newly created foreign
trade zones. Available incentives include abatements of
the Ohio Inventory Tax plus federal tax savings on imported
equipment. Many areas of Cuyahoga County are currently
designated.
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Ohio Department of Development
Regional Office
615 W. Superior Ave, 12th FL.
Cleveland, OH 44113
PH: 216.787.3240
http://www.odod.ohio.gov
Ohio Manufacturing Machinery & Equipment Investment Tax Credit
Corporate franchise tax or state income tax credit for
manufacturers that purchase new machinery and equipment.
A 7.5% tax credit can be obtained on investments in excess
of a company's three year annual average investment on
machinery and equipment. Higher tax credits are available
for investments made in "Eligible Investment Areas"
(Cleveland and East Cleveland). A "Notice of Intent" to
take the tax credit must be filed with ODOD.
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Ohio Department of Development
Regional Office
615 W. Superior Ave, 12th FL.
Cleveland, OH 44113
PH: 216.787.3240
http://www.odod.ohio.gov
Ohio Job Creation Tax Credit
State and municipal tax incentives for businesses that
expand or locate in Ohio. A business can receive a tax
credit or refund against its corporate franchise tax or a
business owner's personal state income tax up to 75% up to
ten years. Must demonstrate that at least 25 new full time
jobs must be created and "but for" the credit, the project
would not proceed. The local community/county must be
involved in the project. Note: State guidelines regulate
the type of businesses eligible for the incentive.
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Ohio Department of Development
Regional Office
615 W. Superior Ave, 12th FL.
Cleveland, OH 44113
PH: 216.787.3240
http://www.odod.ohio.gov
Ohio Export Tax Credit
Non-refundable franchise tax credit of up to 10% of pre-tax
profits for corporate or individual taxpayers who increase
export sales providing they also increase either Ohio
payroll or Ohio capital expenditures. Businesses can claim
a credit from export sales increases as long as either Ohio
payroll or property values increase by 10% over the
previous three years.
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Ohio Department of Development
Regional Office
615 W. Superior Ave, 12th FL.
Cleveland, OH 44113
PH: 216.787.3240
http://www.odod.ohio.gov
Enterprise Zones/ Community Reinvestment Areas
Tax incentive program for enterprises that expand or locate
in targeted areas. Local governments determine exemption
levels (up to 75%) for local and state taxes on eligible
new investments. Terms of the incentives can be up to 10
years. Check with applicable city.
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