Investment Incentives

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ContentState of California………………………..p. 5

Los Angeles/Long Beach………….……….……….p. 6

San Diego………………………………………..………..p. 7

San Jose……………………………………………...……p. 8

San Francisco…………………….……………………..p. 9

Fresno...…………………………………………….……p. 10

Sacramento………………………………………..…..p. 11

Oakland…………………………………………..………p. 12

Santa Ana……………………………………..…………p. 13

Anaheim……………………………………….………..p. 14

State of Texas…………………………….p. 15

Houston……………………………………………….…p. 16

San Antonio……………………………..……………..p. 17

Dallas/Fort Worth……………………………………p. 18

Austin……………………………………….…………….p. 19

El Paso………………………………...…….…………..p. 20

Arlington………………………………….….………….p. 21

Corpus Christi……………………………….…………p. 22

Plano……………………………………………………...p. 23

Laredo…………………………………………………….p. 24

State of New York………………………p. 25

New York City………………………………………….p. 27

Buffalo…………………………………………………….p. 29

Rochester……………………….……………………….p. 30

Yonkers………………………….……………………….p. 31

Syracuse………………………………………………….p. 32

Albany……………………………………….……………p. 33

New Rochelle……………………………….…………p. 34

Mount Vernon……………………….……………….p. 35

Schenectady……………………………………………p. 36

Utica…………………………………….…………………p. 37

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State of Florida……………………………p. 38

Jacksonville……………………………………………..p. 40

Miami……………………………………………………..p. 41

Tampa……………………………….……………………p. 42

St. Petersburg………………….……………………..p. 43

Orlando…………………………….…………………….p. 44

Hialeah…………………………………….……………..p. 45

Tallahassee………………………………….………….p. 46

Fort Lauderdale…………………….………………..p. 47

Port St. Lucie………………………..…………………p. 48

Pembroke Pines………………..…………………….p. 49

State of Illinois…………..……………….p. 50

Chicago……………………………………………………p. 51

Aurora…………………………………………………….p. 53

Rockford……………………………………….…………p. 54

Joliet……………………………………………………….p. 55

Naperville……………………………………………….p. 56

Springfield………………………………….…………..p. 57

Peoria………………………………………….………….p. 58

Elgin………………………………………………………..p. 59

Waukegan…………………………………….…………p. 60

State of Pennsylvania………………….p. 61

Philadelphia……….…………………………………..p. 61

Kiva……………………………………..………………….p. 63

Pittsburgh……………………………………………….p. 65

Allentown………………………………….……………p. 66

Erie………………………………………………….……..p. 69

Scranton……………………………………….………..p. 70

Bethlehem………………………………….…………..p. 71

Lancaster………………………………………………..p. 74

Harrisburg………………………………….…………..p. 76

Altoona………………………………………………….p. 77

State of Ohio……………………….…….p. 78

Columbus………………………………………….………….p. 78

Cleveland………………………………………………………p. 81

Cincinnati………………………………………………….…..p. 82

Toledo……………………..…………………………………….p. 85

Akron..…………………………………………………………..p. 86

Dayton ………………………………………………………….p. 89

Parma…………………………………………………………… p. 91

Canton…………………………………………………………. p. 92

Youngstown…………………………………………………. p. 94

Lorain…………………………………………………………… p. 96

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State of Georgia………………………… p. 97

Atlanta…………………………………………………. p. 99

Columbus……………………………………………. p. 100

Savannah…………………………………………….. p. 101

Athens-Clarke……………………………………… p. 102

Sandy Springs………………………………………. p. 103

Macon…………………………………………………. p. 104

Roswell …………………………………………………p. 105

Albany…………………………………………………. p. 106

Johns Creek …………………………………………p. 107

Warner Robins…………………………………….. p. 108

State of Michigan ……………………..p. 109

Detroit…………………………………………………. p. 109

Grand Rapids……………………………………….. p. 111

Warren………………………………………………… p. 112

Sterling Heights ……………………………………p. 113

Lansing …………………………………………………p. 114

Ann Arbor ……………………………………………p. 115

Flint……………………………………………………… p. 120

Dearborn…………………………………………….. p. 125

Livonia ………………………………………………….p. 126

Westland ……………………………………………p. 127

State of North Carolina……………. p. 128

Charlotte ……………………………………………..p. 128

Raleigh …………………………………………………p. 129

Greensboro ………………………………………….p. 130

Winston-Salem……………………………………. p. 131

Durham ………………………………..………………p. 133

Fayetteville …………………………………………..p. 134

Cary ……………………………………………………..p. 135

Wilmington ………………………………………….p. 136

Highpoint ……………………………………………..p. 137

Greenville …………………………………………….p. 138

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State of California:

State of California Research and Development Tax Credit allows companies to receive a 15% tax credit for qualified in-house research expenses made in California. To qualify, a taxpayer’s research must be conducted within California and include basic or applied research of scientific inquiry, original investigation for the advancement of scientific or engineering knowledge or improved function of a business component. (Statewide)

California Competes Tax Credit is an income tax credit available to businesses that are locating to or growing their business in California. Tax credits are based on a number of factors including the number of jobs directly created/retained; the wages paid to employees; and the amount of investment made in California. Tax credit agreements are negotiated by the Governor’s Office of Business and Economic Development (GO-Biz) and approved by the California Competes Tax Credit Committee. (Statewide)

The New Employment Credit is available to qualified businesses that increase their total number of full-time employees in California within a designated geographic area. (Statewide)

California is a very popular state for EB-5 investment. The EB-5 Investor Visa program is run by the U.S. Government, but GO-Biz is responsible for State of California designation of high unemployment locations known as Targeted Employment Areas, or TEAs. Locating a project in a TEA potentially allows an investment to qualify for an EB-5 visa at the lower $500,000 threshold. (Statewide)

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Los Angeles/Long Beach:

City of Los Angeles Business Tax Subsidy for Internet-Based Businesses offers a reduced tax rate of $1.01 for every $1,000 in gross receipts for internet-based businesses.

Sales and Use Tax Exclusion Program (STE) for Advanced Transportation and Alternative Sources Manufacturing tax exclusion for property involved in the design, manufacture, production or assembly of “clean technology.”

More information: https://laedc.org/wp-content/uploads/2015/06/2016-17-LAEDC-Business-Guide-fullsm.pdf

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San Diego:

The Partial Sales Tax Exemption affords businesses a 4.19 percent state sales tax exemption to reduce the tax on manufacturing and research & development (R&D) equipment purchases.

San Diego charges no Utility Users' Taxes. The Guaranteed Water for Industry Program provides an uninterruptible supply of water for

manufacturing and research and development (R&D) firms. Water customers certified as "exempt" from mandatory water conservation measures in the event of a Drought Response Level 2 if they use reclaimed water to the extent possible in their manufacturing areas, cooling towers, and/or other uses and implement "Best Management Practices for Potable Water Conservation" in their facilities.

The San Diego Economic Development Agreement provides assistance to businesses which provide revenue and jobs to the city in the form of: assistance with permits and approvals; crediting up to 45 percent of sales or use taxes paid by the business against City business license taxes and/or development related fees; rebating up to 25 percent of sales or use taxes paid by the business; or reducing water and sewer charges by $1,000 per equivalent dwelling unit.

More information: https://www.sandiego.gov/economic-development/industry/retention

https://www.sandiego.gov/economic-development/industry

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San Jose:

The Business Cooperation Program provides businesses a rebate of up to 30% on the local portion of the state collected use tax subsequently remitted to the City as a result of the business entering the state’s Use Tax Direct Pay Permit program or allocating use tax attributed to acquisition of construction materials in San José.

Construction Taxes suspension - To foster tenant improvement and occupancy of Office and R&D space throughout San Jose, construction taxes on tenant improvements were reduced from 4.5 percent of valuation to 1 percent of valuation.

San Jose offers the Industrial Development Bond program to manufacturers. Eligible manufacturers can use the low cost bond proceeds to finance virtually all costs incurred by the company for investment in either tangible or intangible products.

More information: http://www.sanjoseca.gov/index.aspx?NID=870

http://sjeconomy.com/how-we-help/business-assistance-programs/

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San Francisco:

The Central Market/Tenderloin Payroll Tax Exclusion (CMTPTE) exempts businesses located within the defined exclusion area from additional payroll tax as they add new jobs during any six years in an eight-year period.

Clean Technology Tax Exclusion offers a local Payroll Tax Exclusion for up to 10 years until 2020 for qualified businesses with less than 100 employees. Firms engaged in production, installation and related clean energy development may qualify.

More information: http://sfced.org/incentives-resources/san-francisco-incentives/

http://oewd.org/tax-credits-incentives

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Fresno:

Qualifying businesses in Fresno County will receive a 30% Enhanced Rate reduction on their monthly electricity costs. The PG&E EDR is a 5 year program designed for businesses with high energy loads (200 kW/month or greater) that are: Considering locating within California and have other out-of-state options, are relocating from California to other states, or are closing their existing California operations.

Qualifying job producing projects may defer 75% the County’s Plan Review/Building fees, with a maximum of $50,000 deferment per project. Fees are repaid 25% annually for three years. Project must create at least 20 full-time jobs, either directly or indirectly.

iDifer program will reduce or eliminate development impact fees for qualifying industrial job producing development projects.

Fresno County only wage reimbursement hiring program available to employers hiring qualifying Fresno County residents. 100% reimbursement for first 3 months, 75% reimbursement for months 4-6.

City of Fresno Incentive Program – For significant investment and job production the City is willing to consider and craft an incentive package that meets the needs of the particular company. The City has previously approved incentive agreements that include infrastructure reimbursement, property tax increment, and business license tax rebates.

More information: http://fresnocountycities.com/incentives-local

http://www.fresnoedc.com/Business%20in%20Fresno%20County.pdf

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Sacramento:

Businesses located in a fully designated Local Agency Military Base Recover Areas (LAMBRA) are eligible for similar incentives as Enterprise Zones with enhanced hiring tax credits and sales tax credits on purchases of qualified equipment.

Sewer Credit Program may offer reductions on sewer connection fees for commercial, new construction and residential homeowner projects. The Treatment Capacity Bank’s objective is to provide economic incentives for commercial and industrial sewer customers and facilitate new employment opportunities. This program can save businesses up to 88 percent on connection costs.

More information: https://www.cityofsacramento.org/Economic-Development/Grow-Here/Incentives

http://www.economic.saccounty.net/IncentivePrograms/Pages/default.aspx

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Oakland:

Oakland is home to two EB-5 regional centers which seek to attract entrepreneurial immigrants to engage in a commercial enterprise that will benefit the U.S. economy and directly create at least ten full- time jobs.

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Santa Ana:

N/A

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Anaheim:

Economic Development / Business Retention Rate Incentive-- Efficiency-minded commercial/industrial customers with plans to grow in the Anaheim community may be eligible for a monthly credit – starting at 15%.

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State of Texas:

The Texas Enterprise Fund is a cash grant used as a financial incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with another viable out-of-state option. (Statewide)

The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and significant private investment that will assist economically distressed areas of the state. Approved projects are eligible to apply for state sales and use tax refunds on qualified expenditures. (Statewide)

The Texas Economic Development Act provides a ten-year limitation on the taxable value of the property extended to a taxpayer who agrees to build or install property and create jobs. (Statewide)

Manufacturing Exemptions provide state sales and use tax exemptions to taxpayers who manufacture, fabricate or process tangible property for sale. The exemption generally applies to tangible personal property that becomes an ingredient or component of an item manufactured for sale, as well as taxable services performed on a manufactured product to make it more marketable. (Statewide)

A taxable entity may deduct relocation costs incurred in relocating the taxable entity’s main relocation costs incurred in relocating the taxable entity’s main office or other principal place of business to the State of Texas from another state or country. (Statewide)

The Texas Capital Fund Infrastructure Program is an economic development tool designed to provide financial resources to non-entitlement communities. Funds from this program may be utilized for public infrastructure (water, sewer, roads, etc.) needed to assist a business, which commits to create and/or retain permanent jobs (primarily for low and moderate-income persons). (Statewide)

Leased or purchased machinery, equipment, replacement parts, and accessories that have a useful life of more than six months, and that are used or consumed in the manufacturing, processing, fabricating, or repairing of tangible personal property for ultimate sale, are exempt from state and local sales and use tax. (Statewide)

Texas companies are exempt from paying state and local sales and use tax on electricity and natural gas used in manufacturing, processing, or fabricating tangible personal property. The company must complete a “predominant use study” that shows that at least 50 percent of the electricity or natural gas consumed by the business directly causes a physical change to a product. (Statewide)

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Houston:

The Type A sales tax is primarily intended for manufacturing and industrial development. EDCs may use Type A revenue to fund land, buildings, equipment, facilities expenditures, targeted infrastructure and improvements for projects.

Employers who commit to creating or retaining permanent jobs, make capital investment, and fill at least 25% of its new jobs with individuals who are either economically disadvantaged or residents of an enterprise zone can receive State Sales & Use Tax refunds on items purchased for the project site.

Houston Industrial Development Corporation - provides financing for manufacturing and industrial projects. Projects may be anywhere within the corporate limits of Houston and must meet legal requirements defining tax-exempt facilities.

More information: http://www.houstontx.gov/housing/eec-incentives.html

http://www.houston.org/business/taxes-incentives.html

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San Antonio:

The City of San Antonio offers a Tax Abatement of up to 100% on real and/or personal property taxes on improvement values for a maximum term of up to 10 years.

The Economic Development Incentive Fund (EDIF) provides economic development grants and/or loans to eligible companies seeking to create or retain jobs and invest in San Antonio.

The Industrial Development Authority (IDA) can issue taxable and tax-exempt bonds up to $10M to acquire land and construct industrial or manufacturing facilities with development costs under $20M.

The Bexar County Innovation Policy for Economic Development provides grants to support economic development and Technology Ecosystem growth by persuading innovation companies from outside the Bexar County market to expand into or to relocate their operations to Bexar County.

Industrial District-- The City may designate, at the request of the applicant, a qualified parcel of land as an industrial district, providing that it is 10 acres or larger and adjoins the city limits of San Antonio, exempting the property from City ad valorem taxes. It also specifies that the City will provide certain municipal services for the same period at an established rate.

San Antonio commits $4 million annually in impact fee waivers to be used in the TIA. The award and distribution of City and SAWS fee waiver incentives will follow the goals to increase redevelopment of underused buildings and sites; increase rehabilitation, upgrade, and adaptive reuse of existing buildings; increase business recruitment and expansion in the City’s targeted industries.

More information: http://www.sanantonio.gov/EDD/Development-Opportunities/Incentives

http://www.sanantonioedf.com/stay-and-grow/taxes-incentives/

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Dallas/Fort Worth:

Tax abatements are offered by individual cities in DFW and are available to eligible properties to encourage businesses to invest or expand.

More information: https://businessintexas.com/services/incentives-financing

https://www.dallaschamber.org/wp-content/uploads/2014/09/TaxesandIncentives-State-and-Local-Incentives-150-153.pdf

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Austin:

No personal or corporate income tax and one of the lowest state and local tax burdens in the United States.

The Emerging Technology Fund encourages the development and commercialization of new technologies. This program involves partnerships between the state, the Greater Austin Chamber of Commerce, the City of Austin, institutions of higher education, and private industry to focus greater attention on the research, development and commercialization of emerging technology.

The International Trade and Investment Program provides assistance to international companies establishing operations in Austin. Services include one-on-one coaching, mentoring, industry connections, business forums, and seminars featuring local and regional advice.

Throughout Central Texas, local governmental and economic development organizations work to develop incentive packages for qualified companies. Projects are generally reviewed on a case-by-case basis with consideration given to type of industry, number of employees, average wages, capital investment, financial strength, community involvement and other factors.

More information: https://www.austinchamber.com/economic-development/taxes-incentives

http://www.austintexas.gov/business/incentives-and-grants

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El Paso:

Chapter 380 of the Local Government Code provides legislative authority for Texas municipalities to provide grants or loans of city funds or services in order to promote economic development.

More information: https://www.elpasotexas.gov/economic-development/business-services/incentives

https://borderplexalliance.org/site-selection/incentives/el-paso-and-texas

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Arlington:

Arlington has no municipal personal income tax. Tax abatement may be granted for eligible facilities on all or a portion of the increased taxable

value of real and/or personal property over the Base Year Value. Projects may be eligible for up to 90% abatement on real or personal property, but not both unless negotiated, for a period of ten years.

Projects may also be eligible for an abatement of County taxes for a period of ten years on the value added to real or new business personal property.

The City of Arlington has a track record of facilitating development through enhancement of water, sewer, and roadway infrastructure relevant to sites selected for significant projects as needed.

The City of Arlington provides for a full waiver of all development fees including Platting, Building Permit, Electrical, Mechanical, and Plumbing on eligible projects.

Arlington has Triple Freeport, the exemption of Freeport property from taxation by all three taxing jurisdictions- The City of Arlington, Tarrant County and the Arlington Independent School District for inventory leaving the State within 175 days.

Tax Increment Financing Districts-- Reimburses private developers for public infrastructure improvements that may contribute to a financial gap on a specific project.

More information: http://www.arlington-tx.gov/business/incentives/

https://www.arlingtoneconomicdevelopment.com/business-services/move-or-expand-a-business/incentives/

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Corpus Christi:

The City of Corpus Christi will give consideration to providing economic incentives to an applicant in accordance with the policies and procedures as authorized by Chapter 380 of the Texas Local Government Code.

Business and Job Development Incentive Fund (Type A)-- provides economic development grants and/or loans to eligible companies seeking to create or retain jobs and invest in Corpus Christi.

Industrial District Agreement-- contractually protects companies located in the designated district from annexation and City requirements such as permitting and platting in exchange for a Payment in Lieu of Taxes (PILOT).

Corpus Christi Tax Increment Reinvestment Zone

More information: http://www.cctexas.com/services/general-government/economic-development-incentive-programs

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Plano:

The City of Plano offers tax abatement on improvements to real and business personal property.

Plano's Chapter 380 grants focus on stimulating employment and wages and have resulted in creating and/or retaining over 27,000 jobs and $1.6 billion in property improvements.

Businesses involved in the export of tangible property such as goods, wares, and merchandise may be eligible for the Freeport Exemption.

Plano businesses are eligible for training grants from the Texas Workforce Commission (TWC) Skills Development Fund. The Skills Development program enables businesses to receive customized training for existing employees or for programs tailored to develop critical skills for new hires.

Plano Tax Increment Finance Zone Plano’s Neighborhood Empowerment Zone #1 seeks to increase economic development and

create and rehab affordable housing. The zone is located east of U.S. 75 in eastern Plano. It waives most development fees in the zone.

State of Texas Data Center Incentives-- will eliminate much of the sales tax for new data centers that take up more than 100,000 square feet of space and have at least a $200 million investment. The law provides a sales tax exemption for electricity consumption and equipment purchases, such as servers, generators, storage devices, software and other systems necessary for data center operations.

More information: https://www.planotexas.org/224/Incentives

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Laredo:

City of Laredo/Webb County Tax Abatement on the value added to a particular property on account of a specific development project that meets the eligibility requirements set forth in this policy.

Chapter 380 Agreement Tax Reimbursement offers qualified companies a tax reimbursement incentive. Terms are negotiated based on the merits of the project. Qualifying criteria includes the size of the capital investment, number of employees hired, average wage of all payroll located in Laredo, the benefit package offered, and the demonstrated ability of the applicant. The awards are generally in 25% increments up to 100% for a period up to 10 years.

The City of Laredo offers qualified companies a Project Development Grant. These are cash awards paid to the company at a specific time after the negotiated company performance criteria has been achieved. The most common criteria used is the number of employees hired above a negotiated hourly wage equivalent.

Infrastructure improvements-- This incentive is handled on a case-by-case basis with either the city or the provider of the infrastructure required by the project and can include the company’s requirements for roads, utilities, rail access, and other similar project components.

Laredo offers qualified companies an expedited permitting process that includes using Laredo’s one-stop-shop process, organization of a project team to provide project support, provide parallel path activity for certain components and, for approved projects, waiving permit costs up to 100%.

Texas Back To Work: South Texas’ participating employers may receive up to $2,000 for retaining eligible new hires for at least 120 days.

Laredo is a Double Freeport community with the City of Laredo and the County of Webb granting this exemption. This exemption has no expiration date and continues as long as you elect to manually claim this exemption.

More information: http://www.laredoedc.org/site-selection/incentives/

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State of New York:

The Excelsior Jobs Program provides job creation and investment incentives to firms in targeted industries such as biotechnology, pharmaceutical, high-tech, clean-technology, green technology, financial services, agriculture, software development and manufacturing. Firms in these industries that create and maintain new jobs or make significant financial investment are eligible to apply for up to four fully refundable tax credits. (Statewide)

Businesses new to New York State that make new investments in production property and equipment may qualify for tax credits of up to 5% of their eligible investment. New businesses may elect to receive a refund for many of these credits, and all unused credits can be carried forward for 15 years. (Statewide)

Economic Development Fund (ESD) offers financial incentives to assist with site location, new facility construction, existing facility expansion or modernizing existing operations. (Statewide)

New Market Tax Credit Financing-- Interest-only loans at below-market rates, a portion of which may be forgiven upon maturity, used for the purpose of subsidizing long-term capital investment in order to foster job creation and community development in designated low-income communities throughout New York State. Preference will be given to borrowers with: development costs between $5 million and $25 million and/or projects that are likely to create new jobs and/or retained jobs at risk of being lost. (Statewide)

New York State Job Development Authority Direct Loan Program-- Loans from $50,000 to $3.5 million to encourage businesses to expand, locate or modernize their facilities in New York State. Open to businesses in manufacturing, distribution, warehousing and certain service industries. (Statewide)

Small Cities Grant-- Company must be located in an eligible area and make a capital investment into the organization that will result in the creation or retention of at least 7 new jobs. (Statewide)

New York State Investment Tax Credit-- Companies that create new jobs and make new investments in production property and equipment may qualify to receive up to a 10% tax credit on their investments. (Statewide)

New Business Refund-- Businesses new to New York State are entitled to a 50% cash refund of unused EZ-WTC and ITC amounts. Other businesses may carry forward unused credits indefinitely. (Statewide)

The Empire Zone Program assists eligible companies committed to growing their labor forces. In exchange for creating new jobs, these companies are given the opportunity to operate on an almost "tax free" basis for up to ten years. (Statewide)

Center for Advanced Technology (CAT) Grant-- In order to encourage collaboration between private industry and universities in the development and application of new technologies, the foundation is authorized to designate for advanced technology such areas as integrated electronics, optics, biotechnology, telecommunications, automation and robotics, electronics packaging, imaging technology and others identified by the foundation as having significant potential for economic growth in New York. Maximum amount available is $150,000 (typically $50,000). (Statewide)

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The Industrial Building Redevelopment Program provides grants of up to $250,000 (based on the amount of capital investment) to property owners who are upgrading electric and/or natural gas infrastructure to return these properties to active industrial use for manufacturing, regional warehousing/distribution centers, scientific research and development, data centers, or “Back office” operations. (Statewide)

The Power Quality Enhancement Program provides assistance to qualifying businesses in manufacturing, research and development, health care, or data centers in the service territory of National Grid New York. The program helps fund eligible customers for installation of power quality mitigation equipment and services. (Statewide)

Economic Transformation and Facility Redevelopment Program Tax Credit—This credit is open to companies with a new business location within an Economic Transformation Area, and has created five net new jobs, and is in a high-tech, clean-tech, manufacturing or other strategic industry. The credit is equal to the sum of jobs tax credit, investment tax credit, training tax credit, and real property tax credit. (Statewide)

26

New York City:

Business Incentive Rate-- designed to encourage economic growth in the manufacturing and industrial sectors by offering a discount off of Con Edison’s electric delivery charges.

Commercial Expansion Program-- Tax abatements up to $2.50 per square foot for property owners to help increase tenant occupancy in a designated abatement zone. For manufacturing businesses, the abatement lasts for up to ten years depending on the lease.

Commercial Tax Incentives-- The decision to provide benefits will be made after a series of rigorous quantitative and qualitative analyses. NYC may offer the following benefits: sales and use tax exemptions, mortgage recording tax waiver, real estate tax exemptions.

Con Edison’s Economic Development team will help businesses by providing expert guidance to government-incentive programs in their specific area and the most cost-effective and efficient electric-service options.

Emerging Developer Loan Fund provides low-interest loans to New York City-based real estate projects including mixed-income housing, mixed-use, industrial and commercial projects, and projects with development costs under $30 million.

Businesses that qualify and operate in one of two New York City Empowerment Zones may be eligible for an employer wage credit for increased depreciation tax deductions.

The Energy Cost Savings Program (ECSP) can reduce regulated energy costs up to 45% and regulated natural gas costs up to 35% for businesses that relocate to in Brooklyn, Queens, the Bronx, Staten Island, and Manhattan above 96th Street.

Private companies may be able to use triple tax-exempt bonds to finance the construction, renovation and equipping costs associated with the following types of projects:

o Airport facilitieso Dock and wharf facilitieso Solid waste disposal facilitieso Recycling facilitieso Transportation-related infrastructure

Futureworks NYC Growth Initiative provides early-stage companies using and developing advanced manufacturing technologies with up to $30,000 in funding over two years to support their growth in New York City.

The IDA Life Sciences Program (ILSP) provides eligible Life Sciences companies and developers of Life Sciences space with real estate tax reductions, mortgage recording tax waivers, and sales tax exemptions on purchases of materials used to construct, renovate or equip facilities.

ICAP provides property tax abatements for renovation or construction for varying periods up to 25 years. Eligible industrial and commercial buildings must be built, modernized, expanded, or otherwise physically improved.

Industrial Business Zone Relocation Tax Credit is a one-time tax credit of $1,000 per relocated employee, up to $100,000, available to industrial and manufacturing firms relocating to or within one of the City’s IBZs.

27

The Industrial Incentive Program (IIP) provides eligible industrial companies with real estate tax reductions, mortgage recording tax waivers and sales tax exemptions on purchases of materials used to construct, renovate or equip facilities.

Lower Manhattan Relocation and Employment Assistance Program-- tax credit up to $3,000 per job for 12 years for eligible businesses that relocate to the eligible area of Lower Manhattan from outside NYC.

Manufacturing Facilities Bond Program-- Manufacturers of tangible personal property acquiring, developing, renovating or equipping facilities for their own use can access triple tax-exempt bond financing and real estate, mortgage and sales tax reductions.

The NYC Industrial Developer Fund is a $150 million public/private fund to provide project financing for industrial real estate development projects in New York City.

Three types of tax credits are available for Qualified Emerging Technology Companies (QETCs) including an Employment Credit for job creation; a Facilities, Operations, and Training Credit for certain facilities, operations, and employee training; and a Capital Tax Credit for investors in QETCs.

The Relocation and Employment Assistance Program (REAP) provides a refundable business tax credit for commercial and industrial businesses relocating to designated areas of New York City and making capital improvements to their space. Relocation tax credit up to $3,000 per employee for 12 years.

New York City businesses are entitled to an exemption from the eight and one-quarter percent City and State sales tax on purchases of electricity, fuel oil, natural gas and steam that are used directly and exclusively in the manufacturing, processing or assembling of tangible personal property for wholesale.

More information: https://esd.ny.gov/doing-business-ny/tax-based-incentives

https://www.nycedc.com/service/financing-incentives

28

Buffalo:

Property Tax Abatements (on new building construction and expansions), Sales Tax Abatements (on non-production equipment and construction materials), and/or Mortgage Recording Tax Abatements (a 1% tax).

Low-cost hydropower has been reserved by New York State law for companies planning to build or expand in the Buffalo Niagara region. The program offers renewable hydroelectric power at an affordable cost. Allocations depend on project size and scope, in particular, new job creation.

Center for Advanced Technology (CAT) Grant-- Non-dilutive matching grant monies available to companies that engage with a college/university partner on a research & development project that facilitates commercialization of a technology and brings it closer to market.

More information: http://www.buffaloniagara.org/GROW-YOUR-BUSINESS/INCENTIVES.aspx

29

Rochester:

Genesee/Finger Lakes Regional Revolving Loan Fund-- Purchase of machinery and/or equipment, rehabilitation of industrial property, purchase of industrial property and site development and expansion.

MCIDA Loan Fund-- Expansion projects that create/retain jobs. Global Export Market Service-- Helps businesses expand through increased export activities.

Can provide up to $25,000 in export marketing consultant services for individual companies, and up to $50,000 for groups of companies or industry associations. Small- to medium-sized manufacturer or service with 500 or fewer employees and whose New York State production content is at least 51%.

Enhanced JobsPlus Property Tax Abatement-- Manufacturers or technology-based producer service companies, and a minimum $15 million investment in new plant, machinery and equipment or renovation of an existing building, and the creation of a 100 or more jobs and projects must use all local labor and suppliers in constructing or renovating. The 10-year program abates 100% of the property tax in the first three years, followed by 90% abatement in the fourth year, and reductions by 15% in the amount abated in each of the following years.

JobsPlus Property Tax Abatement-- Manufacturers, technology-based producer service companies, or projects using all local suppliers in constructing or renovation of facilities, industrial renovation projects, and minimum 10% job creation goal. The 10-year program abates 90% of the property tax in the first year and reduces the percentage of property tax abated by 10% each following year.

Capital Investment Incentive Program-- Business attraction and expansion projects that involve an existing or prospective customer with a monthly peak electric demand of at least 300 kilowatts. Grants fund improvements for electric infrastructure or certain business projects that involve major capital investment.

The County of Monroe Industrial Development Agency (COMIDA) offers conduit financing for industrial and non-industrial projects through the issuance of tax-exempt industrial revenue bonds (IRBs), taxable IRBs and tax-exempt bonds. COMIDA can assist projects for the purchase of land, existing facility and new machinery & equipment, the construction of new facilities or the renovation of existing facilities.

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Yonkers:

Wage Tax Credit (WTC) is available for up to five consecutive years for companies hiring full-time employees in newly created jobs. For employees in special targeted groups, this credit equals $3,000 per year, with a credit of $1,500 for all other new hires.

EZ Investment Tax and Employment Incentive Credit (ITC-EIC)-- Businesses, which create new jobs and make new investments in production, property and equipment, may qualify for tax credits of up to 19% of the company's eligible investment.

The Yonkers local zone office is staffed with professionals qualified to assist businesses locating or expanding in the EZ.

Sales and Use Tax Exemption-- For qualified projects the IDA can provide a sales tax exemption on the cost of goods and services related to construction, reconstruction, equipment and installation. 

31

Syracuse:

N/A

32

Albany:

JOBS Now-- Offers financial assistance for major business expansion and attraction efforts that will create or attract significant numbers of permanent, full time private sector jobs in New York State. The program is primarily directed toward large projects that create a minimum of 300 new fulltime jobs. Funds can be used for real estate acquisition, demolition, construction, site and infrastructure, machinery and equipment, inventory, and planning and design.

Al Tech Loan Fund-- Proceeds from the loan can be used for: working capital, purchase of fixed assets and equipment, acquisition and renovation of commercial real estate. The current amount available for request is $50,000 - $1 million.

Albany Local Development Corporation Fund-- Loans should promote employment at that business and project should have an economic impact on the City of Albany. Loans and lines of credit from $1,000 - $25,000.

The Capitalize Albany Corporation Business Development Loan Program provides qualifying projects that can demonstrate a significant economic impact with financial assistance to spur economic development activity in the City of Albany. Loan proceeds can be used for acquisition of real property, machinery and equipment, construction, renovation or rehabilitation of real property, and purchase of fixed assets.

City of Albany 485 B Industrial Commercial Incentive Exemption Program-- : The requirement is the rehabilitation of an existing industrial or commercial structure or the new construction of an industrial or commercial structure. This is a five year abatement program as follows: 50% in year one, 40% in year two, 30% in year three, 20% in year four and 10% in year 5.

IDA Urban Reinvestment Tax Incentive Program (URTIP)-- The City of Albany administers this program to projects meeting job retention, creation and other criteria. There will be a seven year 100% abatement of the increase in assessed value resulting from the project. The abatement will be reduced by 25% in each of the next four (4) years until taxes are paid on 100% of the assessed value of the property.

33

New Rochelle:

The NR Industrial Development Agency (IDA) and NR Local Development Corp. (LDC) provide support to manufacturing and commercial businesses. It can be a vehicle for long term, low-interest financial assistance for capital projects. Financing can be used for acquisition, expansion, rehab, and purchase of equipment through the issuance of State bonds and other incentives, such as mortgage, sales and property tax exemptions.

34

Mount Vernon:

The County of Westchester Industrial Development Agency (CWIDA) offers:o Issuance of Tax Exempt Bonds and Noteso Sales Tax Exemptions on new construction, expansion or renovation projects, or the

acquisition of new equipmento Mortgage Recording Tax Exemptions on the purchase of Real Estate

CWIDA provides exemptions from use and sales taxes for certain expenditures related to construction, furnishings, business equipment and related capital improvements.

35

Schenectady:

Community Renewal Tax Relief Act-- Provides various tax incentives to businesses undertaking construction and rehabilitation projects within the designated areas, including wage credits, bond financing, capital gains exclusions and tax deductions known as Commercial Revitalization Deductions (CRDs).

36

Utica:

Capital grant funding is available from the Mohawk Valley Regional Economic Development Council for capital-based economic development projects intended to promote jobs or increase business or economic activity.

Oneida County Industrial Development Agency provides major local incentives to new companies and expansion projects:

o Payment in Lieu of Taxes (PILOT) Programs offset local real estate taxeso Relief from Sales Tax (8.75%) on building materials and supplieso Exemption from Mortgage Recording Tax

The Economic Reinvestment Program (ERP) was created to help attract new private investment that results in the creation of new jobs, the retention of existing jobs, and the expansion of the City of Utica's tax base. This revolving loan fund acts as a supplement to normal financing arrangements for low and moderate income businesses. ERP funds are leveraged against private and other funding sources to provide a below-market blended interest rate. Interest rates are fixed at 85% of prime at the time of closing.

37

State of Florida:

Qualified Targeted Industry (QTI)-- Available for companies that create high wage jobs in targeted high value-added industries. This incentive includes refunds on corporate income, sales, ad valorem, intangible personal property, insurance premium, and certain other taxes. Pre-approved applicants who create jobs in Florida paying 115 percent or more of the State of Florida average wage, receive tax refunds of $3,000 per net new Florida full-time equivalent job created. For businesses paying 150 percent of the average annual wage, add $1,000 per job; for businesses paying 200 percent of the average annual salary, add $2,000 per job; businesses falling within a designated high impact sector or increasing exports of its goods through a seaport or airport in the state by at least 10 percent in value or tonnage in each year of receiving a QTI refund, add $2,000 per job. (Statewide)

High-Impact Performance Incentive (HIPI)-- Negotiated grant used to attract and grow major high impact facilities in Florida. In order to participate in the program, the project must: operate within designated high-impact portions of the following sectors– clean energy, corporate headquarters, financial services, life sciences, semiconductors, and transportation equipment manufacturing; create at least 50 new full-time equivalent jobs (if a R&D facility, create at least 25 new full-time equivalent jobs) in Florida in a three-year period; and make a cumulative investment in the state of at least $50 million (if a R&D facility, make a cumulative investment of at least $25 million) in a three-year period. (Statewide)

Capital Investment Tax Credit (CITC)-- Used to attract and grow capital-intensive industries in Florida. It is an annual credit, provided for up to 20 years, against the corporate income tax. Eligible projects are those in designated high-impact portions of the following sectors: clean energy, biomedical technology, financial services, information technology, silicon technology, transportation equipment manufacturing, or be a corporate headquarters facility. Projects must also create a minimum of 100 jobs and invest at least $25 million in eligible capital costs. (Statewide)

Florida has no corporate franchise tax, no state personal income tax, no taxes on inventories and no taxes on foreign income. (Statewide)

Qualified Defense and Space Contractor Tax Refund (QDSC): Florida is committed to preserving and growing its high technology employment base by giving Florida defense, homeland security, and space business contractors a competitive edge in consolidating contracts or subcontracts, acquiring new contracts, or converting contracts to commercial production. (Statewide)

Economic Development Transportation Fund: The Economic Development Transportation Fund is an incentive tool designed to alleviate transportation problems that adversely impact a specific company’s location or expansion decision. The award amount is based on the number of new and retained jobs and the eligible transportation project costs, up to $3 million. (Statewide)

The State of Florida offers various sales and use tax emptions in the research, development and manufacturing of goods. (Statewide)

Florida First Business Bond Pool-- This program reserves 20% of Florida's total annual private activity bond allocation for large industrial projects making significant contributions to Florida's economy. (Statewide)

38

Sales Tax Exemption on Electricity and Steam-- Businesses in specific industries are eligible for an exemption of sales tax paid on electricity and steam. (Statewide)

FloridaFlex-- Provides partial reimbursement to relocating or expanding businesses for expenses related to training new or existing employees after jobs have been created or retained and training has occurred. Eligible businesses will be in a qualified targeted industry, have an exportable good or service, and have wages 115% above state or local wages. (Statewide)

Clean Technology-- Renewable Energy Technologies, Machinery, Equipment, and Material Sales and Use Tax Refund allows businesses to apply for a refund of sales and use taxes paid on equipment, machinery, and other materials for renewable energy technologies. (Statewide)

Semiconductor, Defense, or Space Technology Exemptions: Semiconductor, defense and space technology-based industry transactions involving manufacturing or research equipment are subject to tax exemptions. (Statewide)

39

Jacksonville:

The Northwest Jacksonville Economic Development Fund (NWJEDF) is a public fund accessible to prospective businesses in the Northwest Jacksonville area. The goals of the NWJEDF are to:

o Create access to jobs for Northwest area residents.o Support the expansion of existing businesses within the Northwest area and encourage

the creation of new service and retail businesses to serve the needs of the community.o Encourage redevelopment of vacant and underutilized buildings within the Northwest

area.o Stimulate new investment within the Northwest area, adding to the tax base.

Industrial Revenue Bonds (IRBs) - An IRB is a financing tool, similar to a loan, used to help companies build or buy a facility or buy land and/or equipment. IRBs are offered as a way to encourage relocations and expansions of companies that provide jobs and expand economic opportunities.

Recapture Enhanced Value (REV) Grant-- Designed to bring private capital investment and redevelopment into a nonresidential project site. The company is required to be in a Targeted Industry Category. The company must create at least 10 new full-time jobs. Wages must be greater than or equal to 100 percent of the State of Florida average wage. The company must commit to a minimum of $3 million in private capital investment.

Closing Fund-- While Jacksonville is a premium location for a company to locate or expand, competition still remains. This fund provides Jacksonville an opportunity to aggressively compete for a project that was deemed to be highly desirable, but also highly competitive. The company is required to be in a Targeted Industry Category. The company must either create at least 200 new full-time jobs or commit to a minimum of $30 million in private capital investment.

40

Miami:

The Targeted Jobs Incentive Fund (TJIF) Program is intended to spur business activity and promote the growth of Miami-Dade County's economy. New business establishments in Miami-Dade and companies considering relocating to the county are eligible for a TJIF incentive. The TJIF Program awards cash incentives to companies in selected industries that create new above-average paying jobs (at least 10 new jobs) and make a capital investment of at least $3 million.

Urban Jobs Tax Credit Program-- This program provides up to $1,000 tax credit per job for new businesses with a minimum of 20 new jobs which are regular and full-time.

Florida Flex is a state-funded grant program that assists qualifying businesses to train their net new, full-time employees. This program provides grant funding for customized, skills-based curriculum development and training, through partial reimbursement, to new or expanding businesses in Florida’s targeted industries. These industries are high-skill industries, have an exportable good or service and have wages of 125 percent above state or local wages. Funding is provided in the form of a performance-based reimbursable grant, for a 12-month maximum term.

41

Tampa:

Economic Development Ad Valorem Tax Exemption Program-- Exemptions on Ad Valorem property and tangible taxes are available for qualifying businesses. The business must also be classified as a Target Industry such as Environmental Technology; Manufacturing; Information, Financial and Professional Services; Life Sciences; Corporate Headquarters; and Aviation, Aerospace, Security/Defense or a High Value Business that has a significant economic impact.

There is no corporate franchise tax on capital stock, nor are there state-level property tax assessed. There is no property tax on business inventories or on goods-in-transit for up to 180 days. There is no sales and use tax on goods manufactured or produced in Florida for export outside of the state.

The Corporate Business Development team within Hillsborough County Economic Development assists existing and prospective large businesses with re-locations and job creation expansions. Services include permit facilitation and negotiating and coordinating state and local financial incentives.

Duke Energy Economic Development Rider Program-- This five-year program offers an electrical discount to companies that add 25 net new jobs.

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St. Petersburg:

Commercial Revitalization Program-- Provides grant awards to projects that enhance established business districts by redeveloping properties, decreasing vacancy rates, adding to the tax base, creating new jobs, and improving the quality of life for surrounding neighborhoods. Funding levels, determined by project scope: $25,000; $50,000; or $100,000.

Ad Valorem Tax Exemption Program-- Ad valorem tax exemptions may be granted to qualifying new businesses and expansions of existing businesses that create new full-time jobs.

Reduced Transportation Impact Fee-- The city collects transportation impact fees (TIF's) for land development projects to fund needed transportation system improvements to support new trips generated by the project. To encourage capital investment, projects located in certain areas of the city are eligible for reduced TIF rates.

43

Orlando:

The Business Assistance Program (BAP) is a matching grant program designed to encourage small businesses to locate, expand, or redevelop in the City. BAP provides matching funds to new and expanding businesses in the City to assist in off-setting development fees, including sewer and transportation impact fees, building permit fees, and all elements of public right-of-way infrastructure within the City’s jurisdiction that may require new installation, repair, replacement, or relocation.

Orlando Utilities Commission: For large power users who meet certain qualification criteria, OUC can negotiate rates even further to fit their business needs.

Orlando Economic Partnership Services:o Works directly with international companies looking to expand into the United States

and offers global business assistance, market intelligence and site selection services.o Coordination of counseling sessions on visa/immigration issues, tax laws and corporate

structure with professionals in these areas.o Recommendations for professionals for business service providers including payroll

preparation and employee benefits.o Assistance in locating qualified labor and connection to workforce agencies.o Referrals to residential housing realtors.o Preparation of customized data and reports to meet the needs of each client.o Identification of property sites that meet project-specific requirements, including

transportation.

44

Hialeah:

N/A

45

Tallahassee:

Targeted Business Program (TBP)-- Provides a rebate for a portion of property taxes, development fees and permit fees for businesses that fall into one of eleven targeted industries. The level of rebate is based the number of jobs created, the percentage of higher paying jobs, the level of capital investment, location within a targeted area, and environmental sensitivity in the design.

CareerSource Capital Region-- Provides comprehensive workforce services by connecting employers with talent and Floridians with employment opportunities. Employer incentives include recruitment assistance, skills assessments for applicants, customized training and information on tax incentives.

Expedited Permitting-- Provides streamlined procedures for plan and permit review and approval for certain advanced technology projects.

46

Fort Lauderdale:

The Direct Cash incentive program is a local community inducement that is designed to encourage the growth of high skill /high-wage qualified jobs. Both new and existing businesses creating high skill/high wage jobs and serving multi-state or international markets may be eligible for this incentive. The incentive is a direct cash incentive paid to companies creating jobs in excess of the 115% of the County's average annual wage. Companies could receive up to $2,000 per new job created to a maximum of $200,000 per company.

The South Florida Regional Planning Council Revolving Loan Fund provides loans of $50,000 to $300,000 to small to medium-sized businesses in Broward, Miami-Dade and Monroe Counties. The loans are for existing businesses looking to expand or relocate, create jobs and/or retain jobs. Examples of loan uses include financing to expand to a new location, upgrading equipment and providing needed working capital.

The Greater Fort Lauderdale Alliance helps businesses navigate through the relocation or expansion process by serving as a liaison to government to expedite project activity. In addition, the Alliance provides site selection assistance.

47

Port St. Lucie:

Job Growth Investment Grant – St. Lucie County offers this job creating grant for existing and new businesses. The Board of County Commissioners may grant awards in the range of $1,500 to $3,000 per new job with a minimum of 10 new jobs created. A salary requirement of 107% of the County’s current hourly wage must also be met.

Ad Valorem Tax Exemption – The County offers an Ad Valorem Tax Exemption for existing or new business expansions that create new jobs. The exemption can be granted for up to 10 years. The length of the exemption is based upon the number of jobs created, the wage rate and the amount of capital investment. A new business must create at least 10 manufacturing jobs or 25 jobs if non-manufacturing and have a sales force of at least 50% outside of Florida.

Expedited Site Plan Review and Fast Track Permitting – Available for proposed new businesses that will create long term jobs within the County.

Impact Fee Mitigation – Mitigation of County imposed impact fees are also available for targeted industries. This includes reduced and waived fees based upon the number of jobs created, average wage and the amount of the capital investment.

Florida Power & Light incentives are available to new and expanding businesses creating 25 new jobs per 350 kW of new electric demand. Eligible companies receive declining discounts on their standard base energy and demand charges over four years. The discount increases to five years if the company moves into a vacant, existing building.

48

Pembroke Pines:

N/A

49

State of Illinois:

Large Business Development Program-- Provides grants for major expansions or relocations involving private investment and the creation and/or retention of a large number of Illinois jobs. (Statewide)

Corporate headquarters Relocation Program-- Provides tax breaks for large company headquarters relocations. (Statewide)

High Impact Business Program-- Provides investment and sales tax breaks on machinery and building purchases for companies investing at least $12 million and creating 500 full-time jobs, or $30 million and retaining 1500 full-time jobs. (Statewide)

The River Edge Redevelopment Zone program was created by the State of Illinois to stimulate the safe and cost-effective development of environmentally challenged properties adjacent to or surrounding rivers using tax incentives and grants. Goals of the River Edge Redevelopment Zone program include creating and retaining jobs, stimulating business and industrial retention and growth, and returning brownfield sites to productive use. (Statewide)

EDGE Tax Credit (Economic Development for a Growing Economy)-- Provides special tax incentives to encourage companies to locate or expand operations in Illinois when there is active consideration of a competing location in another state. EDGE can provide tax credits to qualifying companies, equal to the amount of state income taxes withheld from the salaries of employees in the newly created jobs. (Statewide)

Illinois State Treasurer’s Economic Program-- The Treasurer will deposit up to $25K into the business’ bank at below market rates for each full-time employee created or retained. That bank, in turn, can lend those funds to the business at below prevailing rates for a term of between 1 and 5 years. (Statewide)

50

Chicago:

Class 7(c) Tax Incentive-- Offers real estate tax incentives for commercial properties regardless of where they are located. Qualifying properties can receive a five-year reduction in real estate assessments from the standard Cook County commercial rate of 25 percent with no minimum investment required. Qualified properties are assessed at 10 percent for the first three years, 15 percent for the fourth year and 20 percent for the fifth year. Must be new construction, rehabilitation, or re-occupancy.

The Class 8 program offers reduced Cook County property tax rates on commercial and industrial projects in areas experiencing severe economic depression. Qualifying properties can receive a 12-year reduction in real estate assessments from the standard Cook County rate of 25 percent.

Businesses located within Chicago’s six enterprise zones are eligible for State of Illinois tax incentives, exemptions, and other benefits that stimulate economic activity.

o Combined Sales Tax Exemption (State, Cook County, City) of 9.25 percent for building materials.

o Machinery and Equipment Consumables/Pollution Control Facilities Sales Tax Exemption: 6.25 percent for property to be used for manufacturing or in the operation of a pollution control facility.

o Utility Tax Exemption: A state exemption on gas, electricity and the Illinois Commerce Commission’s administrative charge/telecommunication excise tax.

o Investment Tax Credit: A state investment tax credit of 0.5 percent is allowed for machinery, equipment and buildings.

o Dividend Income Deduction: Zero tax on dividend income from corporations doing substantially all their business in an Enterprise Zone.

o Jobs Tax Credit: Allows a business a $500 credit on Illinois income taxes for each job created in the Zone for which a certified eligible worker is hired.

o Interest Deduction: Financial institutions are not taxed on the interest received on loans for development within an Enterprise Zone.

o Contribution Deduction: Double the value of a cash or in-kind contribution to an approved project of a designated Zone organization from taxable income.

The City of Chicago issues tax-exempt Industrial Development Revenue Bonds (IDBs) and lends their proceeds to manufacturing companies to finance qualified development projects. IDB proceeds may also be used for either new construction or renovation.

Negotiated Sales Program—Arranges the sale of City-owned properties for redevelopment. Properties in the department’s inventory consist of vacant residential, commercial, and industrial land and also improved properties. Cost write-downs may be available for projects that provide tangible public benefits, such as new or retained jobs.

Streamlined-TIF provides expedited access to valuable grants for the improvement of industrial, commercial, retail or residential mixed-use properties in TIF districts citywide. The program pays up to 25 percent of renovation, expansion, or redevelopment costs. Assistance ranges from $25,000 to $1 million.

51

Tax Increment Financing provides financial assistance to businesses that are investing in designated parts of the city that are blighted or in danger of becoming blighted. Funds for private development projects are allocated to build and repair roads and infrastructure, clean polluted land, and put vacant properties back to productive use.

52

Aurora:

The Finish Line Downtown Grant is a streamlined grant program geared towards assisting property owners in TIF District #1 and a portion of TIF District #3 with rehabilitation projects in order to increase the economic viability of downtown Aurora. The purpose of this grant is to assist property owners in the completion of rehabilitation projects in downtown Aurora. Property that will be rehabilitated must be commercial or mixed-use property.

Community Development Assistance Program (CDAP)-- Revolving loan (RLF) fund available to companies locating or expanding in the Aurora Township, typically used to acquire land, buildings, and equipment. Projects eligible for the loans will be job creation or retention projects that benefit at least 51% low-to-moderate income individuals.

The City of Aurora has the ability to issue tax-exempt industrial revenue bonds (IRBs) on behalf of manufacturing companies to finance the acquisition of fixed assets including land, buildings, equipment, and also new construction and renovation.

The New Markets Tax Credit program is designed to attract investment for economic development projects in low income areas. Investors contribute to a community development entity which then makes an investment in a qualified active low income community business. The investor receives a 5% tax credit in each of first three years and a 6% credit in each of the remaining four years for a total of a 39% tax credit over seven years.

53

Rockford:

River Edge Redevelopment Zone-- The City portion of property taxes on a parcel may be abated for a period of three years unless the property is in a TIF district or an area designated as a Redevelopment Area under the Industrial Jobs Recovery Law.

River Edge Zone businesses may claim an extra 0.5% of the cost (“basis”) of qualified depreciable property placed in service in the River Edge Zone as a credit on their state income taxes. This credit is in addition to existing 0.5% investment tax credit allowed all manufacturers in Illinois on state income taxes.

Any building materials used in new construction or rehabilitation of properties located within Rockford’s River Edge Zone and permanently attached to the real estate may be sales tax exempt (8.25%) if a retailer is provided with a Certificate of Eligibility signed by Rockford’s Zone Administrator and a Purchaser’s Statement.

The City of Rockford offers tax exemptions on many aspects of business. Exemptions through the Enterprise zone include

o Investment Tax Credito Building Material Sales Tax Exemptiono Utility Tax Exemptiono Machinery and Equipment Sales Tax Exemptiono High Impact Service Facility Machinery and Equipment Sales Tax Exemptiono City of Rockford Tax Abatement

Municipalities throughout Winnebago County have the ability to consider local property tax abatement on a project-by-project basis. Abatements are generally based on the creation and/or retention of jobs.

Dependent Care Assistance Program Credit-- A 5% credit for a business primarily engaged in manufacturing for on-site dependent care expenses.

Research and Development Credit-- A 6.5% credit for qualifying expenses in support of research and development.

Equipment Exemption / Sales Tax Exemption-- Sales Tax exemption for the purchase of machinery and equipment for manufacturing, assembling tangible personal property, agriculture, coal and aggregate mining.

Municipal Revolving Loans-- Companies that are creating new jobs and/or expanding within Winnebago County are eligible for low-interest loans through local programs.

54

Joliet:

Will County and many communities offer abatement of ad valorem real estate taxes as an incentive to new or retained business. As a result of the application evaluation, a project can receive 50% abatement on improvements for 3, 4 or 5 consecutive tax levy years.

The DesPlaines River Valley Enterprise Zone-- Available incentives include a state tax exemption on building materials purchased locally, access to state and federal job training funds, access to state industrial revenue bonds and a waiver of the state added natural gas utility tax.

Tax increment financing is available in many locations throughout the county. TIF allows a community to capture the increase in local property taxes (the increment) that results from a redevelopment project to pay for a variety of eligible costs involved in the project.

The Nicor Gas EEP Economic Redevelopment Program focuses on serving communities that are in need of economic redevelopment, as well as businesses and organizations that create jobs, offer social services or provide affordable housing. Projects that complete the recommended energy efficiency upgrades can qualify to receive up to $100,000 in rebates.

Will Kankakee Regional Development Authority (WKRDA)-- The Authority's powers enable it to issue taxable or tax-exempt quasi-state guaranteed revenue bonds on behalf of the company for the purpose of developing, constructing, acquiring or improving properties or facilities locating in or expanding within the territory of the Authority.

55

Naperville:

The City of Naperville has been allocated just under $14.5 million in volume cap for Industrial Revenue Bonds. IRBs are a means of financing the construction, expansion and/or equipping of, primarily, manufacturing facilities. The proceeds of the bond issue may be used to finance the cost of land, construction of new or expanded facilities, and purchase of equipment.

56

Springfield:

The City of Springfield has designated eight defined areas of the city as Tax Increment Financing Districts. The TIF districts were established in order to attract private developers to blighted areas that were in need of redevelopment.

The Springfield County Enterprise Zone offers state and local tax incentives, regulatory relief, and improved governmental services. Businesses located or expanding in an Illinois enterprise zone may be eligible for the following incentives:

o An exemption on the retailers’ occupation tax paid on building materialso An investment tax credit of .5 percent of qualified property against State Income Taxo Local Property Tax Abatement

The Central Illinois Economic Development Authority (CIEDA) can issue double tax-exempt bonds for Manufacturing. Benefits of CIEDA bonds include long term, low interest rate, and flexible terms.

57

Peoria:

Peoria Urban Enterprise-Zone Benefits – Benefits for commercial property improvements within the zone include: property tax abatement (100% first 3 yrs., 50% next two years from participating taxing bodies), and sales tax exemption on purchased building materials.

River’s Edge Redevelopment Zone– Benefits similar to Enterprise Zone with the addition of Federal/State income tax credits equal to 20 to 25%.

City Revolving Loan Fund – A fixed rate, low-interest loan at 4% interest is available for a variety of uses. Amount of loan is the lesser of $25,000 per job (up to $35,000), 33% of project costs (up to 50%), or $250,000.

Industrial Revenue Bonds – Industrial operations may obtain low-interest, fixed-rate, long-term financing for fixed assets through bond financing.

Highly Underutilized Business (HUB) Zone– Businesses located in the HUB zone with 35% of their staff living in the HUB Zone can become HUB Zone certified to improve their chances in procuring federal contracts.

One-Stop Shop Development Assistance – Businesses and developers seeking City permitting and licensing assistance can attend the One Stop meetings held every Monday.

Business Technical Assistance – Professional services in business planning, property searches, marketing assistance, and financing proposals are available. In addition to incentives provided within the City, a comprehensive incentive proposal to include regional, State, and federal incentives can be provided.

Community Development Assistance Program For Economic Development (CDAP-ED)—A federally funded program that is designed to provide grants to units of local government for economic development activities related to business retention and or expansion opportunities. Local governments qualifying to receive grant funds can then make these funds available in the form of loans to businesses locating or expanding in their community. A local government may request grant funds of up to $750,000. Funds may be used for machinery and equipment, working capital, and building construction and renovation.

Peoria County G.A.P. Loan-- Secondary financing, not to exceed 40% of total financing package. There must be at least 10% equity participation from business. County will lend $10,000 per job created or retained, not to exceed $150,000. Fixed interest rate 3% below prime (not lower than 3%). Term will be one year for each $15,000 loaned (7 years maximum for loans for inventory and working capital).

58

Elgin:

Customized Incentives-- Businesses may qualify for incentives depending on the number and types of jobs created or retained, the scope of the project and the amount of the investment.

Tax Increment Financing (TIF)-- The City of Elgin has created three TIF Districts to serve as a powerful tool to spur economic growth. Tax revenues generated by improvements in the area can be invested back in district for use in land acquisition site preparation, building rehabilitation and public improvements.

Industrial Revenue Bonds (IRBs)-- IRBs are issued under City of Elgin authority. The bonds proceeds may be used for acquisition, construction or renovation of industrial properties.

Elgin Incentive Program-- Up to 50% contribution for technology infrastructure improvements for downtown-based businesses.

Special Loan Program for Building Improvements - Interest on loans made for improvements to commercial buildings may be subsidized by the City of Elgin.

59

Waukegan:

Industrial Revenue Bonds-- Issued to finance the capital expenditures of manufacturers. This type of financing can be used for the acquisition of fixed assets such as land, buildings, or equipment and for renovation and new construction.

Lake County Enterprise Zone-- Operating companies are qualified for the following incentives: Investment Tax Credit, Sales Tax Deduction, EZ Machinery and Equipment Sales Tax Incentive, Utility Tax Exemption, Jobs Tax Credit, and Property Tax Incentives.

60

State of Pennsylvania

Philadelphia

http://www.phila.gov/commerce/Industries/International.pdf

The City of Philadelphia invites businesses from around the world to explore the many benefits of locating here. A diverse city with a growing international reputation of vibrancy and excellence, 12% of Philadelphia’s population are foreign-born or immigrants.

We play an integral part in attracting foreign business and investment and increasing opportunities for Philadelphia-based companies looking to expand abroad, whatever the size or industry. We provide comprehensive assistance through our strategic partnership with key partners such as the World Trade Center, Philadelphia Convention and Visitor Bureau, State of Pennsylvania, and Citizen Diplomacy International. We can help you identify: Best markets and networks

Trade leads

Investment opportunities

Financing Location Financial Incentives

Commerce also helps coordinate inbound and outbound trade missions for Philadelphia representatives, raising

our profile among foreign investors and increase international business opportunities for Philadelphia businesses. https://business.phila.gov/credits-grants-other-incentives/

Business Security Camera Program: The City encourages businesses to install exterior security cameras to increase safety in public areas by reimbursing the cost of equipment and installation. Through the program, the Commerce Department awards applicants up to 50% of the total cost of eligible improvements with a maximum reimbursement of $3,000 per single commercial property. Applicants must apply and be approved before starting work.

High Performance Building Program: This State of Pennsylvania program provides grants (up to $500,000 or 10% of the total eligible building construction/renovation costs, whichever is less) or loans to help underwrite the cost premiums associated with the design and construction or major renovation of high-performance buildings, as identified in the guidelines.

PA Alternative and Clean Energy Program(ACE): The Alternative and Clean Energy Program (ACE) provides financial assistance in the form of grant and loan funds to eligible applicants for the utilization, development and construction of alternative and clean energy projects in the state.

Pa. Dept. of Economic Development Business Assistance Programs : These State of Pennsylvania programs are available to PA residents for land and buildings, machinery and equipment, working capital, workforce development, and research & technology development activities.Contact:(866) 466-3972

Small Business Energy Efficiency Grant Program: Reimbursement grants up to $25,000 are available from the PA Department of Environmental Protection (DEP) to help small businesses acquire equipment or adopt processes that promote energy efficiency.

Training Grants : Philadelphia Works can help businesses find and train new employees.Location-Based Incentives Keystone Innovation Zones (KIZ ): KIZs are geographic zones where technology and life science companies

that are less than eight years old, and located in a zone, can apply for up to $100,000 of salable tax credits from the State of Pennsylvania annually. Philadelphia has three KIZs. For more information visit – the Navy Yard KIZ, the University City KIZ, and the BioLaunch 611 + KIZ.

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Keystone Opportunity Zone Program(KOZ): KOZs are parcel-specific areas where property owners and/or businesses that meet capital investment or new employment targets pay little or no taxes through 2018 or 2025. These taxes include the Business Income and Receipts Tax, Use and Occupancy Tax, Real Estate Tax, Net Profit Tax, State Business Tax, and State sales tax on items consumed at the KOZ site. KOZ sites are located throughout the City, including industrial parks, high tech centers and the Navy Yard.

Storefront Improvement Program (SIP): This program reimburses owners of commercial buildings and businesses within designated commercial corridors who make storefront improvements. The program can reimburse up to 75% of the cost of eligible improvements to a maximum of $10,000 for a single commercial property, or up to $15,000 for a multiple-address or corner business property.

Other Incentives

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Kiva

Kiva is a website that enables financially excluded and socially impactful entrepreneurs to access 0% interest small business loans. These loans are crowdfunded by hundreds of lenders from around the world who read your story, lend you as little as $5 each, and rally around your business as potential customers, business advisers, and brand ambassadors.

Small size – First loans are $10,000 or less; subsequent loans can be larger Short loan term – 36 months or less 0% interest Administered via PayPal Crowdfunded on Kiva

Entrepreneur Works Small Business Loans: Entrepreneurs participating in either a peer group, business course or individualized

training are eligible for a direct loan product. The Small Business Loan (SBL) program offers loans of up to $25,000 for existing businesses and up to $15,000 for start-ups. SBLs are not tied to membership in a peer group and those applying are eligible to receive assistance assembling their loan package. Unlike a peer loan, applying for a SBL will require a credit check and assignment of collateral.

Peer Loans: Entrepreneurs who become members of an Entrepreneur Works chartered peer group are eligible to apply for loans graduating in steps from $500 to $5,000. Individual members must make loan requests through their peer group. Peer loans follow a stepped-loan model, where an individual takes a small loan, successfully repays it, and is then eligible to borrow at a higher loan level (e.g. borrower takes a first loan of $500, successfully repays, and returns to borrow $1,000). Peer loans range from $500 to $5,000 and start at two levels: $500 (basic) or $1,500 (accelerated) depending on the length of their business ownership/experience. Both tracks cap out at $5,000 using a graduated step process. Peer loans do not require a certain credit score or the pledge of collateral; however, each loan must be unanimously approved by the borrower’s peer group members. Peer borrowers are not judged on their credit but are offered the opportunity to have their credit pulled and reviewed.

Loan Partnering and Referrals (for requests over $25,000): In certain cases, Entrepreneur Works will work with partner programs to provide loans over $25,000. For more information, visit www.MyEntrepreneurWorks.org

Contact:111 S. Independence Mall East, Suite 810 The Bourse Building Philadelphia, PA 19106 Phone: 215.545.3100, Fax: 215.925.2485

Greater Philadelphia Urban Affairs Coalition (GPUAC) Philadelphia Business Builder Loan Program This program provides a pathway for small businesses with

higher credit risks to obtain bank financing. Loans can be used for working capital, inventory, equipment purchase or capital improvements. This program is intended to increase the flow of capital to small businesses located in low- and moderate-income and /or predominately minority communities in the City of Philadelphia. More Information Contact:1207 Chestnut Street, 6th Floor Philadelphia,19107 Phone: 215-851-1738, Fax: 215-564-9912

PECO – PECO offers a variety of programs and incentives to help your business at their Ways to Save For Your Businesspage.PGW – PGW has developed a number of efficiency incentives designed to help your business survive now and thrive in the months and years to come. Read about their Efficient Equipment Rebates, Construction Grants and Building Grants for commercial and industrial projects and get in on the money-saving side of conservation.The Enterprise Center Capital Corporation (TEC-CC) Micro-Lending TEC-CC through the Grow Philadelphia Fund, finances Philadelphia-based businesses. Loan Packaging TEC-CC offers loan packaging services for small business owners at affordable prices.

Through this program, many businesses have obtained U.S. Small Business Administration Guaranteed Loans.

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Third Party Transactions TEC-CC acts as a financial intermediary to secure financing (up to $35,000) for clients through traditional financial institutions, non-traditional lenders, and quasi-government agencies. More Information: Contact:4548 Market Street Philadelphia, PA 19139 Telephone: 215-895-4026, Fax: 215-895-4001

Women’s Opportunities Resource Center of Greater Philadelphia (WORC) Economic Opportunities Fund (EOF): This fund offer loans, investment products and services to low-income

and under served populations in the Philadelphia Metropolitan Area looking to start or expand their businesses, with a special focus on women and minorities.

Types of Loans include:o Credit Builder Loans of $500 to $1,000o Direct Loans of $500 to $2,500o Credit Lines of up to $2,500o Small Business Loans of up to $10,000 (for existing business only)o Near Equity Loan Product – up to $35,000 More Information: Contact: 2010 Chestnut Street

Philadelphia, PA 19103 Phone: 215-564-5500, Fax: 215-564-0933

• The Merchants Fund (TMF): The mission of The Merchants Fund (TMF) is to provide financial assistance to current and past merchants in Philadelphia. Beneficiaries of TMF are current or former business merchants and must demonstrate a legitimate financial need. TMF provides assistance in three areas: Operating Businesses: The Merchants Fund is committed to providing for the economic needs of the

merchant community with modest grants in the areas of Business Stabilization and Loan Matching. ReStore Retail Grants The Merchants Fund is making this new program available through funding from the

City of Philadelphia Commerce Department. Special Grants The Merchants Fund selectively awards grants to foster the betterment of a group of

merchants on a corridor or in a business district. More Information: Contact:The Merchants Fund 1616 Walnut St, Suite 802 Philadelphia, PA 19103 Phone: 215-399-1339, Fax: 215-399-1340

General InformationThe Local Initiatives Support Corporation (LISC) The LISC Products and Services Guide outlines financial products and community services that LISC provides to community development corporations for building and developing sustainable Philadelphia communities. These include:

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Pittsburgh

Incentives listed in chart form in PDFhttps://www.pittsburghregion.org/wp-content/uploads/2016/08/LocalEconomicDevelopmentPrograms.pdfhttps://www.pittsburghregion.org/wp-content/uploads/2016/08/BusinessInvestment.pdfKey Sectors:

Advanced Manufacturing Energy Financial and Business Services Healthcare and Life Sciences Information Technology

https://www.pittsburghregion.org/wp-content/uploads/2017/08/PRA_FDI_WorldMap.pdf

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Allentown

Keystone Opportunity Zones: Keystone Opportunity Zones (KOZs) eliminate specific state and local taxes within underdeveloped

and underutilized areas, providing tax abatements for county and township property taxes, corporate net income taxes, and school taxes for a period of 10 years. Created in 1999 by the Commonwealth of Pennsylvania to cultivate community and economic development, the program has spurred the creation of more than 34,000 jobs and about $10.7 billion in business development over the last 13 years.

LVEDC administers the program on behalf of the Pennsylvania Department of Community and Economic Development. Businesses looking to relocate from outside of Pennsylvania to a KOZ need to own or lease property within the zone for at least half the tax year to claim an exemption from state and local taxes. Businesses already in Pennsylvania can also move into a KOZ and be exempt from taxes, provided they either increase full-time employment by at least 20 percent in their first full year in the zone or make a capital investment equal to 10 percent of their previous years gross revenues.

Allentown Neighborhood Improvement Zone(NIZ): Widely considered one of the most powerful incentive programs on the East Coast, the

Neighborhood Improvement Zone (NIZ) is a special taxing district that encourages development and revitalization in downtown Allentown, comprising about 128 acres in the city’s downtown neighborhood and riverfront district. All taxes generated by the NIZ, with the exception of school district and city taxes, can be used to pay debt service on any financed improvements within the NIZ.

The centerpiece of the NIZ is the PPL Center hockey arena, the home of the Lehigh Valley Phantoms, the minor league affiliate of the Philadelphia Flyers. The 8,500-seat arena also hosts concerts and events. All potential NIZ projects must be geographically located within the NIZ zone and must go through a pre-qualification, application, and if approved, closing process. Watch the video below for more information:

For more information, contact the city of Allentown at (610) 437-7610.

Bethlehem City Revitalization & Improvement Zone (CRIZ):

The CRIZ consists of 130 acres of parcels designated for economic development and job creation within the city of Bethlehem. State and local taxes collected within the CRIZ will be used to repay debt service to stimulate economic development projects within the zone. Bonds will be issued by the Bethlehem Revitalization and Improvement Zone Authority (BRIA), which will then be paid off using various State and Local Tax Revenues created in the zone.

The focus of this program is to spur new growth, by enhancing development opportunities that will help to revive Bethlehem and create new jobs for the residents of the city. The parcels included in the CRIZ include vacant, desolate, underutilized, and abandoned properties that are ready for redevelopment. These developments will help to create jobs, increase personal income, grow local and state tax revenues, and improve the overall quality of living for residents.

For more information, contact the Bethlehem Community & Economic Development at (610) 865-7085 or econdev@bethlehem-pa.gov.

Southside Bethlehem(KIZ):

Keystone Innovation Zones (KIZs) are designated areas within Pennsylvania that foster entrepreneurial growth in coordination with the efforts of institutions of higher education. The Southside Bethlehem KIZ, adjacent to Lehigh University , lets startup

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companies qualify for multiple financial and advisory support benefits. Among them is a $15,000 technology transfer grant that helps a company market and commercialize a product or service, as well as student internship grants totaling $2,500 for undergraduate students and $5,000 for graduate students.

In the past year alone, the Southside Bethlehem KIZ has created 44 jobs, increased revenue by $4 million, and led to $1.2 million in leveraged funding, including $1 million in investment capital and $177,000 in third party loans. The KIZ is also the home of Partnership for Innovation (Pi), a startup business incubator with shared facilities and private, secure office suites ranging from 115 to 1,900 square feet.

The Southside Bethlehem KIZ is managed by the Bethlehem Economic Development Corporation . For more information, contact (610) 865-7085 .

Foreign Trade Zone #272

A foreign trade zone (FTZ) is a physical location within a United States customs territory, where merchandise receives the same treatment as if it were outside the commerce of the United States. This allows merchandise, while located in the FTZ, not to be subjected to customs duties and other tariff and taxes. This allows domestic-based manufacturers to import foreign-sourced parts or materials into the FTZ without being responsible for paying duties on them. They could then incorporate those parts or materials into their products, utilizing U.S. labor, and sell the part or materials in the domestic market, thus selecting whether to have the customs duty apply to the components or the finished product.

Distributors can also benefit as the FTZ allows for direct delivery from the ports into the zone, which can save time, money, and reduce customs processing fees. Merchandise can also be moved from one FTZ or another without being subject to customs duty via a process called Zone-to-Zone Transfer.

Local Economic Revitalization Tax Assistance (LERTA):

Authorizing local taxing authorities to provide for tax exemption for certain deteriorated industrial, commercial, and other business property and for new construction in deteriorated areas of economically depressed communities; providing an exemption schedule and establishing standards and qualifications.

Redevelopment Assistance Capital Program (RCAP):

A commonwealth grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects.

Tax Increment Financing (TIF):

A public financing methods that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects. TIF uses future gains in

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taxes to subsidize current improvements, which are projected to create the conditions for said gains.

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Erie

n/a Reading

https://www.greaterreading.com/site-selection/incentives-financing/ Greater Reading Economic Partnership operates under a single principle—helping businesses grow and succeed in our community. Using our existing connections and available resources, we can connect you to exclusive financing opportunities to fund your business’s next project. From loans to grants to tax credits and training dollars, Greater Reading Economic Partnership is fully equipped to get you connected to the right resources to turn your vision into action.

GREP can connect you with financial resources including: Loans for land acquisition, building construction, machinery and equipment, and working capital Grants for customized job training Tax credits for job creation Tax incentives for job creation and investments in targeted geographic locations

The interest rates below are an example of the available financing through the Commonwealth of Pennsylvania – additional financing options are available.

Type Rate DateReal Estate 4.00% (15 year)

3.00% (7 year)1/2017

Equipment 4.00% 1/2017Working Capital & Accounts Receivable lines of credit 4.00% 1/2017Pollution Prevention & Energy Efficiency 2.00% 1/2017

Loan and interest rates are subject to change. Commonwealth of PA loans are administered by the Greater Berks Development Fund.

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Scranton

http://pennsnortheast.com/site_selection/financial

Ben Franklin Technology Partners

Provides funding, business and technical expertise and access to a network of innovative, expert resources to both

early-stage and established companies.

NEPA Loans:

NEPA Loans are loans created for for-profit businesses in Northeastern Pennsylvania with an emphasis on

manufacturing and industrial business. These loans help businesses that will create more jobs in our area.

SBA 504 Loans:

Business owners can receive long term, fixed-rate financing at reasonable interests rates with SBA Loans. Equity is

typically limited to 10%.

Small Business Loan Programs- MetroAction

MetroAction specializes in working with people who cannot borrow from a bank due to lack of business

experience, credit history or insufficient collateral.

Land Development and Construction Fee Waiver Program

A job-creation incentive program targeted toward businesses looking to expand or relocate operations in

Lackawanna County. The County will reimburse a portion or all municipal fees and construction permit expenses

for businesses creating ten permanent, full-time jobs in Lackawanna County.

Luzerne County's Business Development Loan Program

The goal of Luzerne County’s Business Development Program is to create improved employment

opportunities while strengthening our labor market through job training opportunities.

In order to receive a loan under this program, the business must demonstrate a positive direct impact on

the community in which it is located, on residents of that community, or on the local and/or regional economy.

The applicant must demonstrate the need for assistance through the program and commit to creating employment

opportunities that meet the job creation incentives.

Loan funds are available for eligible businesses at an interest rate of 1.5% for terms of 7 or 15 years. The

County can finance up to 50% of the eligible project costs. Monthly repayments of principal will be required for the

term of the loan. County funds will be secured by a letter of credit from a financial institution. Funding will be

provided for land and/or business acquisition, construction/renovation activities, purchase of machinery and

equipment, and professional and financial fees. Funding may also be obtained for working capital by

manufacturing firms. To view the details of the program or for more information, please

visit www.luzernecounty.org.

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Bethlehemhttps://www.bethlehem-pa.gov/econdev/index.html

REAL ESTATE DEVELOPMENT INCENTIVES

Community Revitalization and Improvement Zone (CRIZ)The CRIZ consists of 130 acres of parcels designated for economic development and job creation within the City of Bethlehem. State and local taxes collected within the CRIZ will be used to repay debt service to stimulate economic development projects within the zone. Bonds will be issued by the Bethlehem Revitalization and Improvement Zone Authority (BRIA), which will then be paid off using various State and Local Tax Revenues created in the zone. The focus of this program is to spur new growth, by enhancing development opportunities that will help to revive Bethlehem and create new jobs for the residents of the City.

The parcels included in the CRIZ include vacant, desolate, underutilized, and abandoned properties that are ready for redevelopment. These developments will help to create jobs, increase personal income, grow local and state tax revenues, and improve the overall quality of living for residents. Potential CRIZ projects include the redevelopment of Martin Tower and adjacent parcels, the redevelopment of Bethlehem Steel Machine Shop NO. 2, Majestic’s Bethlehem Technology Facility, and various developments along W. 3rd and W. 4th Streets on the Southside.The CRIZ is administered by the Bethlehem Revitalization and Improvement Zone Authority (BRIA).

Local Economic Revitalization Tax Assistance (LERTA)LERTA is a tax abatement program that was created in 1977 to incentivize property investment and redevelopment of difficult and undesirable properties- such as brownfield sites. LERTA creates a graduated increase in tax payments on new construction and property rehabilitation for owners of commercial, industrial, and business properties located within designated zones in the City. LERTA does require that property owners pay full land taxes, while taxes on improvements to the land grow incrementally over 10 years. The LERTA abatement applies to the tax increment from any substantial renovation or new construction, but does not make a property tax-free. Applications for LERTA may be submitted within 60 days of a building permit, but not after a Certificate of Occupancy has been issued.

Enterprise ZoneCertain zones in the City of Bethlehem are targeted by the Pennsylvania Department of Community and Economic Development to encourage private investment, promote job growth and economic development. Pa DCED authorizes tax credits for certain specified Pennsylvania taxes to private companies making qualified investments in rehabilitating, expanding, or improving buildings or land in designated Enterprise Zones. Loans are available for property and building acquisition, renovation, and machinery and equipment purchase carry an interest rate of 3.75% for businesses located within the Enterprise Zone.

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 Tax Incremental Financing (TIF)The TIF is administered by the Bethlehem Redevelopment Authority (RDA). The TIF Zone includes 124 acres of former Bethlehem Steel sites, where most new tax revenue can be captured by RDA and utilized for further development. TIF funds are utilized only for projects that will be open to and used by the public. Future TIF funds will be used for the redevelopment of the Hoover-Mason Trestle, parking improvements, and infrastructure improvements at the Bethlehem Steel General Office Building, Carpenters Shop and Cold Draw buildings.For more information on the TIF, please contact the Bethlehem Redevelopment Authority at (610) 865-7055.

BUSINESS DEVELOPMENT INCENTIVES

Keystone Innovation Zone (KIZ)The Southside Bethlehem Keystone Innovation Zone (KIZ) was established in 2004 and is now in its 14th year of operation. The KIZ has had a profound impact on innovation and entrepreneurship in Bethlehem by offering critical financial resources and assistance to early-stage startup companies. To date, the KIZ has invested over $7 million dollars in 90 companies since the program’s inception.

Partnership for Innovation (Pi)Pi is a startup business incubator located on the 2nd floor of a 1911 silk blouse factory in the heart of the Bethlehem's artistic and tech-savvy Southside. There are shared facilities and private, secure office suites ranging from 115 to 1,900 square feet. The building’s industrial feel is retained in wood floors, brick walls and open ceilings designed to help your creativity flow. Pi is located in a state-designated Enterprise Zone and a Keystone Innovation Zone, affording tenants substantial tax advantages, as well as qualifying them for various grant opportunities through the KIZ.

Site Selection AssistanceWhether you’re choosing a neighborhood for your business, or trying to identify the best use for a property that you own- the City of Bethlehem Department of Community & Economic Development can help. Through our work with organizations like the Chamber of Commerce, the Downtown Business Association, and Historic Bethlehem Partnership, we promote the quality of life and business in the City of Bethlehem. Our staff can help businesses identify appropriate locations or neighborhoods for a business, propose locations that best meet their needs, help existing businesses locate larger facilities or additional locations, and review potential sites under consideration by a business to identify any issues before a lease or sale. The staff can also provide maps of incentive zones such as the Enterprise Zone, KIZ, LERTA, and CRIZ, and confirm your eligibility for these services and programs.

Our staff does not work with residential properties, participate in any real estate negotiations, assist with investment strategies, steer to particular locations, or recommend specific realtors or service providers.

Technical AssistanceWe work with entrepreneurs and business owners in developing their business ideas. Our experienced staff can guide you through the vast number of State financing programs and grants available to

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business. We can also assist with applications and compiling documentation needed to secure funding. Other assistance includes help with determining licenses, permits and regulatory requirements, available financing, workforce development, marketing, and any other steps necessary to build and maintain a vibrant business climate.

Bethlehem Small Business Loan FundThe Bethlehem Small Business Loan Fund provides financing to eligible business in order to create jobs for people who earn up to 80% of Bethlehem’s median income as determined by the U.S. Department of Housing and Urban Development. These loans are intended to be utilized as gap-financing in conjunction with other traditional funding options. Funds range from $25,000-100,000 and can be used for acquisition of property, construction, substantial renovations, and equipment purchases. Borrowers must create one full-time equivalent position for each $35,000 borrowed within three years of the loan, and submit semi-annual financial statements and employment statistics.

The Small Business Loan is administered by the Rising Tide Community Loan Fund at CACLV. For more information on the Loan Fund, please contact Chris Hudock at (484) 893-1039 or chudock@caclv.org.

Exterior Building Improvement Loan FundThe Exterior Building Improvement Loan Fund is designed to properly correct building exterior deficiencies, code violations, and to incorporate overall improvements to the building stock in our business districts. While the façade is the primary focus, improvements to the roof, sidewalks and other visible areas of the building are of importance to the integrity of the overall building and to the public safety. The Exterior Improvement Loan Program’s strength is in its ability to address the requirements of clean, safe, affordable building ownership while preserving the architectural significance of the building. Grants up to $20,000 are available for the installation of ADA compliant fixtures or the removal of barriers to ADA compliance. An additional $60,000 is available at prime minus .5% over 5 to 7 years for other improvements. View Guidelines and Application

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Lancasterhttp://www.cityoflancasterpa.com/business/investment-incentives-tax-credits-financing http://edclancaster.com/incentives-financing/

CRIZThe City Revitalization & Improvement Zone (CRIZ), created by a state law in 2013, is a special

zone that encourages development and revitalization in certain sized communities across the Commonwealth. Lancaster is one of two cities to receive the first designations. The CRIZ consists of approximately 130 acres in Downtown Lancaster and in selected areas in the remaining parts of the City. The Commonwealth created the CRIZ to spur community revitalization by allowing certain state and local taxes to be provided to the CRIZ community through the annual reporting and certification process to help finance redevelopment and new construction opportunities.

The focus of the Lancaster CRIZ Program is on the development of vacant and underutilized properties within the City. The CRIZ Act provides that qualified state and local tax revenues may be used for payment of debt service on bonds or loans issued for the acquisition, improvement and development of qualified capital improvements within the CRIZ. The CRIZ Authority has developed a set of guidelines to assist businesses, developers and other interested parties who may be interested in seeking financing from and through the CRIZ.

FINANCINGEDC Finance Corporation is a community-based private, not-for-profit organization that was founded by the Economic Development Company of Lancaster County (EDC) in 1987 to provide Lancaster County businesses access to state and local economic development incentive financing resources. Through the 1990s to early 2000s, EDC Finance expanded its product offerings to include lending resources to support Lancaster’s production agriculture community and local real estate developers. In April, 2008, EDC Finance Corporation received the Certified Development Company designation from the U.S. Small Business Administration to administer the federal SBA 504 program throughout the entire state of Pennsylvania. Today, EDC Finance Corporation is a leading Certified Development Company (CDC) and Certified Economic Development Organization (CEDO), delivering many diverse economic development funding opportunities to Lancaster County businesses, developers, and farmers.

INCENTIVESEDC can assist your business by serving as a conduit to state incentive programs and by providing information on various local economic development tools. Please contact us for more information.Several other Lancaster organizations are available to provide financial and business counseling, including:

ASSETS Community First Fund SCORE – Lancaster Kutztown Small Business Development Center (SBDC) Ben Franklin Technology Partners

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Local Economic Revitalization Tax Assistance (LERTA)

LERTA provides exemptions of taxes on improvments located in certain areas of the City. For

information on the required improvement amount, the designated LERTA area and how to apply, please

read below

Tax Increment Financing (TIF) ProgramAssists in the development, redevelopment and revitalization of Brownfield and Greenfield sites. The program provides credit enhancement for TIF projects to improve market access and lower capital costs through the use of guarantees to issuers of bonds or other indebtedness.

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Harrisburg

N/A

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Altoona

N/A

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State of Ohio

Columbus

http://columbusregion.com/doing-business/operating-costs/incentives/

Business Funding and Incentives:

Businesses in the Columbus Region benefit from:

No personal property tax No inventory tax No state corporate income tax

In addition to tax savings available to Columbus Region businesses, state and local governments offer tax incentives, credits, loans and grants to new businesses, small businesses and expanding companies. State and local resources are below.

Companies with questions about incentives are encouraged to contact the Columbus 2020 team of location experts for further information and help navigating available programs.

Ohio Tax Incentives and Abatements:

Ohio Job Creation Tax Credit

The Ohio Job Creation Tax Credit is a refundable tax credit for eligible companies creating at least 10 new jobs (within three years) with a minimum annual payroll of $660,000 that pay at least 150 percent of the federal minimum wage. The tax credit is measured as a percentage of the payroll for all new employees hired under the program, and is applied toward the company’s commercial activity tax liability. Should the amount of the credit exceed the company’s commercial activity tax liability for any given year, the difference is refunded. A business must apply for the credit before committing to the project. Applicants must be approved through the Ohio Tax Credit Authority before hiring begins.

Ohio Data Center Sales Tax Exemption

The Data Center Sales Tax Exemption provides a tax exemption rate & term that allows for partial or full sales tax exemption on the purchase of eligible data center equipment. Projects must meet minimum investment and payroll thresholds to be eligible.

Ohio Business Grants:

JobsOhio Workforce Grant

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, but not limited to job creation, additional payroll, fixed-asset investment commitment, project ROI and the project location.

JobsOhio Economic Development Grant

The JobsOhio Economic Development Grant was created to promote economic development, business expansion, and job creation by providing funding for eligible projects 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.

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JobsOhio Research and Development Grant

The JobsOhio Research and Development Grant was created to facilitate strategic corporate R&D centers in Ohio. R&D 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.

Roadwork and Infrastructure Development (629)

Roadwork and Infrastructure Development (629) funds are available 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 create or retain jobs. Grants are reimbursable and provided to a local jurisdiction and require local participation.

Financing:

JobsOhio Growth Fund Loan

The JobsOhio Growth Fund Loan provides capital for expansion projects to companies that have limited access to capital and funding from conventional, private sources of financing. JobsOhio will consider loans to companies that are in the growth, established or expansion stage, and that have generated revenues through a proven business plan. The JobsOhio Growth Fund’s loan 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.

Innovation Ohio Loan Fund

The Innovation Ohio Loan Fund provides loans for acquisition, construction, and related capital costs of technology, facilities, and equipment purchases. The fund was created to assist existing Ohio companies in developing next-generation products and services within the state’s Industry Sectors up to 75 percent ranging from $500,000 to $1.5 million.

166 Direct Loan

The 166 Direct Loan provides loans for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. The program provides low-interest loans up to 40 percent not to exceed $1.5 million.

Regional 166 Direct Loan

The Regional 166 Direct Loan provides loans for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. Regional economic development agencies administer the program. It provides low-interest loans up to 75 percent collateral value, not to exceed $500,000.

JobsOhio Revitalization Program Loan and Grant Fund

The JobsOhio Revitalization Program Loan and Grant Fund is focused on helping revitalize sites in preparation for end-users that support future job creation opportunities for Ohioans. The program, comprised of both loans and grants, is available to eligible public and private entities seeking to cleanup and redevelop sites across Ohio. The JobsOhio Revitalization Program Phase II Assessment Fund provides grant funding to eligible applicants to assist in the review of potential environmental risks on sites where redevelopment for job creation or retention is likely to occur.

Local Incentives: Dependent on geographic location, additional incentives may be available at the local municipality or county level. Such incentives may include:

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Performance-based or job growth incentives Workforce training assistance and/or grants Loan programs

Ohio Enterprise Zone Program

The Ohio Enterprise Zone Program provides real property tax incentives for eligible businesses making real property improvements and creating jobs in an enterprise zone in Ohio. To secure benefits, businesses must apply to the local community.

Community Reinvestment Areas

Community Reinvestment Areas provide eligible companies locating in a designated Community Reinvestment Area an exemption of up to 100 percent of improvement value for up to 15 years on real property taxes. To be eligible, a company must enter into a contract with the local community prior to going forward with the qualifying project.

Each local incentive is determined on an individual project basis by considering factors such as job creation, payroll and capital investment.

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Cleveland

Lists same benefits as Columbus

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Cincinnati

http://choosecincy.com/Economic-Development/Programs-Services/Incentives-Financing.aspx

City of Cincinnati Tax Increment FinancingDevelopers making a large-scale investment that requires substantial public infrastructure improvements may be able to use Tax Increment Financing (TIF) to offset a portion of those costs. The city has several tax increment districts and in some cases will create a TIF specific to a project. In certain limited circumstances, TIF dollars may be used more broadly for urban redevelopment purposes.

What Are the Benefits?Tax Increment Financing provides a method to fund public infrastructure and other eligible site improvements adjacent to and within new commercial developments.

Potential Advantages

Encourages investment in the City of Cincinnati by offering developers a tool to fund public infrastructure improvements and, in certain cases, other eligible uses.

Reduces the City’s need to provide funding for roadway improvements from its limited capital resources.

Enhances development sites by funding the portion of parking improvements.

City of Cincinnati Job Creation Tax Credit: The City of Cincinnati may offer a job creation tax credit (JCTC) to a company that is considering expanding in, or moving to, Cincinnati. The JCTC provides an increase to a company’s yearly profits by reducing their tax obligation to the City.A JCTC is a tax credit provided to a company that commits to expand or relocate into the City of Cincinnati.  The City of Cincinnati may offer a job creation tax credit to a company that is considering expanding in, or moving to, Cincinnati. The credit is offered in consideration for net, new jobs created in the City.

CTC ExampleA company creates 100 new jobs averaging $20 per hour and the City offers a 50% JCTC for five years:

100 jobs @ $20/hour = $4.16M payroll $4.16M x 2.1% earnings tax = $87,360 50% annual credit = $43,680 Total city incentive = $218,400

What Are the Benefits?The JCTC provides an increase to a company’s yearly profits by reducing their tax obligation to the City.

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Advantages

If a company creates more jobs and a larger payroll than initially agreed upon, they receive the advantage of the tax credit for these additional amounts.

JCTC agreements assist businesses that expand and stay within the City by providing them a tax break for the creation of new jobs and employment opportunities for residents.

JCTC agreements reduce the City’s need to provide grants or other direct subsidies to assist a company with expansion plans.

Community Reinvestment Area Commercial AbatementThe City of Cincinnati offers a Community Reinvestment Area (CRA) abatement program to companies and developers building or renovating a residential, commercial, industrial, or mixed-use facility in cases where the new or renovated facilities will result in job creation.

How Do They Work?Commercial and Multifamily CRA Tax Exemptions are property tax exemptions authorized by Ohio Revised Code Sections 3735.65 et seq. and issued by municipalities that have established special CRA districts. The entire City of Cincinnati is one such district. The City of Cincinnati offers CRA Tax Exemptions to multifamily properties of three or more units, commercial properties, or industrial properties. In addition to these programs, the City also offers a separate Residential CRA program.

What Are the Benefits?CRA Tax Exemptions reduce the operating expenses of a development project, thereby lowering the risk of the development and increasing the initial development investment beyond what would have been feasible without a tax exemption.Commercial projects are eligible for a maximum net tax exemption of up to 75% for up to 15 years. Developers may choose to enter into a Voluntary Tax Incentive Contribution Agreement (VTICA) and in such instances, those developers would be eligible for a maximum net tax exemption of up to 75% for up to 15 years, but the effective abatement will also be net of any contribution made pursuant to a VTICA. City Council has directed the Department of Community and Economic Development to consider contributions of 15% or more to be a substantial positive factor in reviewing abatement applications.

The tax exemptions depend on if the project is new construction or renovation and if the project is LEED-certified or visitable by individuals with disabilities. Certain registered historic properties may be eligible for an additional ten-year extension.

Advantages:

CRA Tax Exemptions can encourage investment in Cincinnati by offering developers a tool to reduce the operating expenses of a project.

CRA Tax Exemptions can reduce the City’s need to provide direct construction subsidy.

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The CRA tool can be used to encourage certain kinds of development. For example, the City currently offers LEED developments more favorable tax exemption terms compared with non-LEED developments. 

Toledo

http://toledo.oh.gov/services/department-of-economic-business-development/development-programs/

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The City of Toledo Department of Development offers a variety of loans options, incentives, and tax credit programs to help local businesses get the resources they need to their business started. Programs include:COMMUNITY REINVESTMENT AREA (CRA)The Community Reinvestment Area Program provides real property tax abatement for new construction or for the rehabilitation of residential, commercial or industrial structures within pre-designated areas. The City of Toledo’s CRA program works to promote investment to properties located within neighborhoods that have experienced decline as a result of disinvestment.ENTERPRISE DEVELOPMENT LOAN PROGRAM: This program is intended to encourage private lenders to provide credit to firms which have difficulty securing reasonable financing that promotes growth, while preserving working capital. In addition, the EDL Program is intended to directly serve the needs of disadvantaged business enterprises that quite often lack the resources to obtain credit through conventional means. The EDL Program’s primary goal is to secure the retention and creation of jobs for low and moderate income residents of the City of Toledo by providing subordinated, long-term financing at attractive rates.Learn More >

ENTERPRISE ZONE - TAX ABATEMENT PROGRAM

The Enterprise Zone Tax Abatement Program was designed to create jobs and promote economic growth in a specified geographical area of the City of Toledo. Further, it holds the purpose of establishing, expanding, renovating or occupying facilities and hiring new employees and preserving jobs within said zones in exchange for a tax credit. Learn More >

TOLEDO EXPANSION INCENTIVE (TEI) PROGRAMThe purpose of this program is to provide incentives to attract and grow businesses in key Standard Industrial Classifications (SIC) Codes and site locations within the City of Toledo. This program may be used in conjuction with other financing and incentive programs available through the federal government, State of Ohio, Toledo-Lucas County Port Authority and/or any other City of Toledo Department of Development incentive programs provided for herein. Learn More >

MUNICIPAL JOBS CREATION TAX CREDIT (MJCTC) PROGRAMThis program was designed to create jobs and increase Toledo’s tax base. It authorizes the City of Toledo, through the Mayor and City Council, to grant credits to businesses, by ordinance, against municipal income taxes (payroll taxes) on businesses net profits based upon new municipal income tax revenues generated from new jobs.Learn More >

Akron

https://www.ohio.com/wp-content/uploads/2017/07/59653ea8c6ad2.pdf

COMMUNITY REINVESTMENT AREA RESIDENTIAL TAX ABATEMENT PROGRAM

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What is a Community Reinvestment Area?

A Community Reinvestment Area (CRA) is an area of land in which a property owner can receive tax incentives for investing in real property improvements. The entire City of Akron has been designated as a CRA. The CRA provides for temporary tax abatement of increased real property taxes on significant residential remodeling or new residential construction within the area (for mixed-use projects, only the residential portion will be eligible for the abatement). CRA’s are used to encourage revitalization of the existing housing stock and the development of new structures.

What is Akron’s residential CRA Tax Abatement?

The abatement allows owners to pay taxes solely on the preimprovement assessed value of their residential property for 15 years after improvements are completed. Property owners will not be required to pay property taxes on any increase in value that resulted from renovation or new construction on the property for a period of 15 years. The abatement stays with the property for the 15-year duration of the abatement. If it is sold during the 15-year period of the abatement, the new owner continues to receive the abatement. At the end of the 15 years of abatement, the property will be taxed at its total post-improvement assessed value.

What types of improvements qualify? Major improvements that MAY qualify homeowner for tax abatement: Build a new porch Remodel a basement/attic into living space New additions to an existing structure Install a sunroom New construction Gut and renovate a home or apartment building Build or enlarge a garage Install indoor fireplace Install new additional bathroom Improvements that LIKELY WILL NOT increase assessed value of residential property: Exterior Residential Improvements Interior Residential Improvements New roof installation Remodel kitchen Solar panels Paint/wallpaper/redecorate Aluminum siding installation Add closets Siding repair Resurface floors Storm window/door installation Resurface ceilings/walls Adding windows/doors Repair plaster Repair/replace/add shutters Install window blinds Install awnings Add built-in bookcases Add/replace gutters/downspouts Add built-in cabinets Repoint, repair, replace masonry Replace furnace with same kind Add window boxes Replace hot water heater Repair/replace porches/steps Replace oil or gas burner Install outdoor lighting Replace plumbing Install sprinkler system Rewire completely Plant lawns/shrubs/grass/plants Add electrical circuits/outlets Scrape/paint house Install/replace light fixtures Install/repair/replace sidewalks Swimming pool

Are there any restrictions? Appropriate building permits must be issued to qualify for the tax abatement. Certificates of Occupancy or final inspections signed PRIOR TO APRIL 24, 2017 WILL NOT qualify the property for abatement. The property must be located in the City of Akron and identified on the Summit County Fiscal Office Auditor property card as being located within the City of Akron. Property taxes and assessments cannot be delinquent. July 2017 The property must be appropriately

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maintained or the tax exemption may be revoked. Only residential structures are eligible for the abatement. For mixed-use structures, only the residential portion will be eligible. Properties must meet City of Akron zoning requirements. A minimum $5,000 investment in renovation or construction is required to apply. Per the Ohio Revised Code Section 3735.67, if the housing structure qualifies as a historic structure, the appropriateness of the remodeling must be certified, in writing, by an authorized person or organization prior to issuance of abatement.http://www.akronohio.gov/cms/Financing/index.html Investing, Facilitating and Syndicating The City of Akron places significant importance on attracting biomedical companies worldwide. As a result, we have developed a strong pipeline of qualified companies interested in establishing and/or growing their business in the Akron Biomedical Corridor. ABF II is an important differentiator that attracts companies to the Akron region. It is also a valuable resource to help ensure the company’s success once it arrives in Akron. 

For more information on investment opportunities, please contact us.

The Akron region assists companies with the ongoing challenge of raising money through an array of financing options that facilitate the process. ABF II is often the first money in for late incubation, demonstration and early market entry stage companies. Additionally, Ohio is home to the #1 and #4 largest Angel investor groups in the U.S. The Ohio Third Frontier program also offers funding to qualified high-technology companies. 

ABF II Product Development Award (up to $25,000)

High-potential biomedical/technology-based companies at the late incubation stage  Funds awarded as a loan  Companies must commit to stay in Akron for a defined 

period of time (usually 3 years)  Funds for proof of concept, prototyping, market 

assessment and business plan development

ABF II Rapid Commercialization Award* (up to $250,000) 

High-potential biomedical/technology-based companies atthe demonstration stage or near market entry stage 

Funds awarded as a loan, convertible debt or equity  Funds can be used for working capital to accelerate wealth and job creation  Companies must commit to stay in Akron for a defined period of time (usually 7 years)  Companies must create a specified number of new jobs in a defined period of time after

receipt of award (usually 10 jobs within 3 years)

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http://www.akronohio.gov/cms/international_investment_handout/international_investment_in_the_akron_region.pdf

Dayton

http://www.downtowndayton.org/pdfs/Incentives.pdf

Financial Incentives

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The City of Dayton and the State of Ohio have earned national recognition for their innovative packaging of incentive programs for new and expanding businesses. Here are some of the benefits that can help your business in moving to downtown Dayton.

OHIO JOB CREATION TAX CREDIT

This program offers one of the nation’s most powerful tax credits to businesses that create at least 25 new full-time jobs. The credit is based on a percentage of state payroll tax and extends for multiple years. The City of Dayton takes a lead role in helping businesses obtain the maximum benefit from this key program.

ENTERPRISE ZONE TAX ABATEMENT

Many companies can benefit from tax abatements arranged under the City of Dayton’s expansive Enterprise Zone program. Abatements, which are stepped over multiple years, are applied to the purchase of real and tangible property.

ED/GE FUNDING

The City of Dayton participates in a novel local economic development program designed to provide special funding for economic development projects that create a significant number of new jobs. Funds are typically used to fill gaps, assist in improvements, and meet other project-specific needs. The City of Dayton acts as the applicant for these benefits on behalf of the business.

LOAN FINANCING

As appropriate, local and State programs are available to assist in funding projects. The City of Dayton relies on CityWide Development Corporation, its own non-profit development financing corporation, to package deals for businesses. CityWide is one of the nation’s oldest and most successful non-profit community development corporations.

TECHNOLOGY INVESTMENT TAX CREDIT

This program encourages investment in start-up and early-stage businesses that would otherwise encounter difficulty in obtaining external capital. The investment must be a purchase of common stock, preferred stock, membership interest, partnership or other equity position that does not exceed $150,000. Ohio taxpayers that invest in small research-and-development and technology-oriented firms may reduce their state taxes by up to 25% of the amount they invest. The Dayton community is noted for its creativity in structuring financing and incentive packages for new businesses. Each business is treated on a case-by-case basis, assuring that careful, in-depth attention is provided. If you think your business might be a candidate for one or more of the incentive programs mentioned above -- and you’re interested in locating your business downtown -- contact the Downtown Dayton Partnership at (937) 224-1518 for more information.

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Parma

Programs Offered to Business: Enterprise ZoneReal and personal property benefits for business that expands or

locates in Parma. Limited to industrial projects that agree to retain or create employment; establish, expand, renovate or occupy a facility in the Enterprise Zone and invest in new real and/or personal property prior to project initiation. Up to 75%

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exemption on real property improvements or personal property tax valuation for up to 10 years.

Community Reinvestment AreaProvides local real-property tax incentives for residents and businesses that invest in designated areas of Parma. Incentives available for residential, commercial, and/or industrial projects involving remodeling or new construction. Commercial and industrial projects must have an agreement in place prior to investment. Up to 100% exemption of the improved real property tax valuation for up to 15 years.

Economic Development Grant ProgramProvides a cash rebate of payroll taxes received by the city for businesses that expand or locate within Parma. An agreement must be in place prior to a payroll qualifying for rebate. Maximum 50% rebate for 15 years in city-wide locations. The Economic Development Review Board determines eligibility for participation and grant award.

Storefront Renovation ProgramA 50% matching grant on expenses incurred by a building owner or tenant desiring to upgrade, renovate and/or improve a commercial storefront in select census tracts within Parma. Maximum grant is $21,000. An agreement must be in place prior to the improvements.

Commercial Loan ProgramA low-interest loan available for start-up costs, equipment purchases, job creation, expansion and other costs associated with assisting in the growth of the enterprise. 1 job must be created for every $35,000 borrowed. Eligibility and project approval determined by the Loan Review Committee.

Canton

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The City of Canton has two income tax incentives for businesses to create jobs at a new or existing facility. While these incentives can be combined with a CCIC loan or property tax incentive, the income tax incentive programs cannot both be used on the same project.

Job Creation Incentive ProgramThe City of Canton may provide a percentage of the employees' 2% income tax withholdings paid to the City as a yearly payment for a defined period of time. To qualify, a new or existing business within the City of Canton must meet the following basic eligibility requirements:

Enterprise must create or relocate a minimum of 25 full time or full time equivalent net new jobs. Applicant must apply for the incentive prior to expanding the business, signing a lease, constructing a new

facility, annexing or purchasing a building within the City of Canton. Applicant must be approved for a Job Creation Tax Credit from the State of Ohio. Applicants receiving a Net Profit Tax Incentive are not eligible for the Job Creation Incentive Program. Enterprises with annual payroll of over $1 million that are receiving property tax incentives are not eligible for

the Job Creation Incentive Program.

The percentage of tax withholdings returned and the length of the agreement will be based on a number of factors, including:

Number of jobs created Total payroll Total project investment Terms of contract with property owner Infrastructure needs

Net Profit Tax IncentiveThe City of Canton may provide a percentage of the net profits tax paid to the City as a yearly payment for a defined period of time. To qualify an enterprise must meet the following basic eligibility requirements:

The enterprise must be new or relocating to the City of Canton. Employer must be subject to the City of Canton’s 2% net profit income tax. Enterprise must create or relocate a minimum of 25 full time or full time equivalent new jobs to the City of

Canton. Applicant must apply for the incentive prior to signing a lease, constructing a new facility, annexing or purchasing

a building within the City of Canton. Applicants receiving a Job Creation Incentive are not eligible for the Net Profit Tax Incentive. Enterprises with annual payroll of over $1 million that are receiving property tax incentives are not eligible for

the Job Creation Incentive Program.

The percentage of the net profit taxes returned and the length of the agreement will be based on a number of factors, including:

Number of jobs created Total payroll Total project investment Terms of contract with property owner Infrastructure needs

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Property Tax Incentives

The City of Canton has three property tax incentives for businesses that locate or expand in Canton. While in most cases these incentives can be combined with a CCIC loan or income tax incentive, any one project cannot use more than one property tax incentive. Businesses with an annual payroll of more than $1 million that receive a property tax incentive are not eligible to also receive an income tax incentive.

Community Reinvestment Area (CRA)Enterprise ZonesTax Incremental Financing (TIF)

Youngstown

https://www.youngstownohio.gov/cped-economic

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Funds for the Youngstown/SBA Initiative will be utilized for priority areas within designated corridors and priority nodes identified on City of Youngstown Corridors Map (see below).

The Youngstown/SBA Initiative is a joint partnership between local banks, The United States Small Business Administration (SBA) and The City of Youngstown. It was designed to provide greater access to capital for entrepreneurs who want to start, grow, or relocate a Business in Youngstown. The program combines SBA loan guarantees and The SBA Hubzone program with additional resources such as grants and tax abatements by The City of Youngstown, creating unique growth opportunities for businesses.

Businesses located in specified areas within the City of Youngstown qualify to participate in the HUBZone Empowerment Contracting Program and benefit from enhanced opportunities to contract with the federal government and provide goods or services.

HUBZone Home Page HUBZone Map Page

The Ohio Enterprise Zone Program permits local municipalities, townships and / or counties to encourage new business investment projects by providing direct tax incentives. The incentives generally take the form of real and / or personal property tax exemptions or a specific term on eligible project assets.

Ohio Enterprise Zone Program - Application (PDF) Ohio Enterprise Zone Program - Fact Sheet (PDF)

The City of Youngstown and the Office of Community Planning & Economic Development are actively developing Business/Industrial Parks in our region with extremely competitive incentives that include the following:

Fully improved property for $10 that can be used as equity in your project. Future expansion space available. 10-year, 75% real and personal property tax abatement. All utilities brought to the project. Excellent freeway/interstate access. Environmental warranties, if needed. Float Loans available for up to $2million at 1/4% for 18 months. Industrial Park Maps (PDF)

A Community Reinvestment Area (CRA) is a targeted area of land designated by the City of Youngstown on which property owners can receive tax incentives for constructing new or renovating existing buildings. The CRA Program permits municipalities, townships, or counties to designate areas where investment has been lagging to encourage revitalization of the existing housing stock and the development of new structures. Residential, commercial, and industrial projects are all eligible.

Ohio's Community Reinvestment Area Program was created in 1977 and revised in 1994 in sections 3735.65-70 of the Ohio Revised Code.

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Youngstown City Council passed Ordinance 11-137 creating Community Reinvestment Area One on May 18, 2011 and was amended on July 20, 2011 by Ordinance 11-246.

Incentive Structure

Residential Remodeling (2 units or less; minimum $2,500): 10 year Exemption – 100% improved

value only Remodeling (more than 2 units; minimum $5,000): 12 year Exemption – 100% improved

value only New Construction: 15 year Exemption – 100% (improvements only, land value not

exempted)Commercial/Industrial(Application fee of $750 payable to Ohio Department of Development applies. Local monitoring fee equal to 1% of amount of taxes exempted also applies. Minimum fee $500/ Maximum fee $2,500.)

Remodeling (minimum $5,000): Up to 12 years as negotiated and approved in a CRA Agreement

New Construction: Up to 15 years as negotiated and approved in a CRA AgreementHow to Apply

ResidentialThe Community Reinvestment Area Tax Abatement Program Application (see below) is to be submitted post-construction.

Community Reinvestment Area Certified Census Tracts in Youngstown (PDF) Community Reinvestment Area Tax Abatement Program Application (PDF)

Commercial/IndustrialApplications for Commercial/Industrial projects must be approved prior to construction.

Lorain

See Chart at city of Lorain chart here: https://www.cityoflorain.org/cms/files/File/Economic%20Incentive%20Matrix.pdf

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State of Georgia:

Single Factor Apportionment-- This apportionment formula treats a company’s gross receipts, or sales in Georgia, as the only relevant factor in determining the portion of that company’s income subject to Georgia’s six percent corporate income tax. Most states still use a traditional apportionment formula in which a company’s in-state property and payroll factor into the calculation of a company’s corporate income tax. Single Factor Apportionment significantly reduces the effective rate of Georgia income taxation of companies with substantial sales to customers outside Georgia.

Georgia offers a range of corporate tax credits that enable companies to minimize or completely eliminate state corporate income taxes which, at six percent, are already among the lowest in the nation.

Companies and their headquarters that are engaged in strategic industries such as manufacturing, warehousing & distribution, processing, telecommunications, broadcasting, tourism, and research and development may qualify for Georgia’s Job Tax Credit Program. Credits may be taken against 50-100% of state corporate income tax liability.

The Port Tax Credit Bonus-- Available to taxpayers who increase imports or exports through a Georgia port by 10 percent over the previous or base year. Base year port traffic must be at least 75 net tons, five containers or 10 TEUs.

Port Tax Credit Bonus for JOB Tax Credits-- This “port bonus” is an additional $1,250 per job credit for taxpayers with qualified increases in shipments through a Georgia port. The $1,250 is added to the Job Tax Credit.

Port Tax Credit Bonus for INVESTMENT Tax Credit-- This “port bonus” increases the Investment Tax Credit to the equivalent of a Tier 1 location regardless of the tier level. The port bonus would therefore be equal to five percent of the qualified investment in expenses directly related to manufacturing or providing telecommunication services with the credit increasing to eight percent for recycling, pollution control and defense conversion.

Quality Jobs Tax Credit-- Companies that create at least 50 jobs in a 12-month period where each job pays wages at least 110 percent of the county average are eligible to receive a tax credit of $2,500-$5,000 per job, per year, for up to five years.

Research & Development Tax Credit-- Georgia offers an incentive to new and existing business entities performing qualified research and development in Georgia. Companies may claim a 10 percent tax credit of increased R&D expenses.

Mega Project Tax Credit-- Companies that employ at least 1,800 net new employees, and either invest a minimum of $450 million or have a minimum annual payroll of $150 million may claim a $5,250 per job, per year tax credit for the first five years of each net new job position.

Work Opportunity Tax Credit Program (WOTC)-- The WOTC program is a federal tax credit incentive that the U.S. Congress provides to private-sector businesses for hiring individuals from nine target groups who have consistently faced significant barriers to employment. Participating companies are compensated by being able to reduce their federal income tax liability with a tax credit from $1,200 to $9,000 per qualified employee, depending on the target group.

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Sales and Use Tax Exemption-- Qualified equipment purchases or leases are exempt from sales tax when the equipment purchased is used in the manufacturing process.

Inventory Tax Exemption-- Business inventory is exempt from state property taxes.

More information: http://www.georgia.org/wp-content/uploads/2013/09/Business_Incentives_Brochure.pdf

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Atlanta

Invest Atlanta serves as a redevelopment agent for all tax allocation districts (TADs) formed within the City of Atlanta. TADs, also known as tax increment financing (TIF), are one of the City of Atlanta’s key economic development tools used to incentivize a variety of developments, such as housing, community centers, commercial space and other essential elements key to vibrant, prosperous communities. These incentives are intended to promote development in areas of the city that are targeted for increased investment.

Opportunity Loan Fund-- The Fund will provide “gap” financing to assist small and medium-sized businesses who create at least five new jobs in the City of Atlanta. ADA will provide loans of $100,000-$200,000 at an interest rate of one-half of the current prime interest rate plus 2% (1/2 Prime+2), with a minimum rate of 4%.

Invest Atlanta can issue lease-purchase bonds to support the new capital investment that lead to job creation and/or retention and workforce housing in the City of Atlanta. The provided incentive is typically based on a ten-year tax payment schedule, with the reduction of taxes starting at 50%.

More information: https://www.investatlanta.com

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Columbus

Property Discounts – In certain instances, the Development Authority may offer reduced pricing to a company that is less than the appraised value and appropriate to the scope of the project.

Property Tax Abatements-- Property tax abatements may be provided by the local community if a company chooses to finance its capital investment (land, building and equipment) using Industrial Revenue Bonds (IRBs).

Permitting Fees – An accelerated timeline for obtaining necessary permits and/or provide a reduction in the fees normally assessed for permits may be arranged based upon project scope.

Utilities Rates – A particular utility may negotiate a reduced rate with a prospective consumer. Any reduction would be based upon the consumer usage.

Freeport Tax Exemption - Freeport inventory tax exemptions of 100% are available for raw materials and goods in process, finished goods held by manufacturers and finished goods held for “out-of-state” shipment.

More information: http://www.columbusgachamber.com/incentives

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Savannah

The City of Savannah has established Enterprise Zones to encourage business investment and job creation within these areas. The Enterprise Zone program offers City of Savannah property tax abatement, graduated over a 10 year period, and other incentives for business investments that create and maintain 5 new full-time jobs for the 10 year period or invest in residential construction or rehabilitation.

Water/Sewer Fee Waivers-- Water tap-in, sewer tap-in, and other water and sewer connection fees may be waived for economic development purposes for qualifying large employers which make new connections to the water and sewer system.

Property Tax Abatement-- SEDA is authorized to grant property tax abatements for qualifying new or expanding businesses. Projects can involve new construction, expansion or renovation.

Grant Financing/Discretionary Funding SEDA has an established Economic Development Incentive Fund to provide grant monies to

qualified businesses in order to defray cost as a result of relocation or expansion. Tax Exempt Industrial Revenue Bonds (IRBs)-- SEDA is authorized to issue both tax exempt and

taxable industrial revenue bonds for projects that meet state and federal laws. New or existing businesses may qualify for additional incentives including:

o Build-to-lease optionso Utility Infrastructureo Waiver of local permit and connection feeso Local road worko Environmental studies/soil boringso Subsidized rento Temporary office spaceo Cost offsets for LEED certification or sustainable buildingo Tax allocation district financing

More information: http://www.seda.org/Strategic-Advantages/Taxes-Incentives/Local-Incentives

https://www.savannahga.gov/1521/Business-Incentives

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Athens-Clarke

Athens-Clarke County provides a 100% Freeport tax exemption (ad valorem) with annual filing for the following classes of inventory: Raw materials and goods in process of manufacture, finished goods held by the manufacturer, finished goods destined for shipment out-of-state.

Industrial Development Revenue Bonds (IDRB)-- Tax exempt bond financing is available for companies seeking to finance the purchase of land, buildings and equipment for eligible manufacturing projects.

More information: http://www.athensbusiness.org/tax-information.php

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Sandy Springs

Economic Incentive Program-- Benefits of this program include an expedited permitting process, a waiver of permit fees and a waiver of business and occupation taxes. The Incentive Program is available to businesses that create 15 or more full-time jobs (meeting or exceeding the average wage level within the city), and make a real capital investment in a new or renovated building of more than of $1 million.

Workforce Housing-- This program allows a reduction in impact fee when a housing project proposes to create at least 150 new or replacement housing units and at least 20 percent of the units are made available to individuals or families with annual incomes of no more than 120 percent of the annual median income of all households in Sandy Springs. Exemptions are also possible for any housing project of at least 150 housing units that proposes to replace at least 150 existing rental housing units with no less than 75 percent of the units intended for home ownership.

Opportunity Zone-- A business locating or expanding within the Roswell Road/I-285 Corridor Opportunity Zone may qualify for Georgia’s maximum state Job Tax Credit of $3,500 per job. This credit offers tax advantages for businesses within the Opportunity Zone which create at least 2 new jobs.

Small Business Incentive Program-- For small businesses looking to expand or locate in priority redevelopment areas of Sandy Springs. For these areas, the Incentive Program job creation and capital investment thresholds have been lowered. The program is available to businesses that create five or more full-time jobs, and make a real capital investment of at least $250,000.

More information: http://www.sandyspringsga.gov/business/economic-development/incentives

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Macon

NewTown Initiatives Fund-- This fund is a combination endowment and line of credit. With this fund, NewTown is able to consider a wide variety of loans, including business loans.

Opportunity Zones-- Several locally-designated Opportunity Zones (OZ) are located in downtown, and most properties are eligible to be added to an OZ. Businesses located within an OZ are allowed a job tax credit of $3,500 per net 2 new full-time jobs. This credit can be carried forward up to ten years and applies first to income tax liability, then to withholding.

NewTown Macon operates a venture capital fund for businesses seeking to open, expand or relocate to downtown Macon. If you are interested in soliciting an equity investment, the process is the same as applying for a business loan.

Special Tax Valuation Schedule (STVS)-- Macon-Bibb consolidated government and the Bibb Board of Education offer a Special Tax Valuation Schedule (STVS) for qualifying projects. The STVS is a local property tax abatement on all new property at a given project. The STVS is based on verified jobs and new investments in real and personal property for a project.

Fast Track permitting provides the following services: Expedited administrative and technical reviews for all eligible projects, negotiated permit schedules and fees, a single point of contact through the entire permitting process, protection of natural resources and promotion of smart growth.

More information: https://mbcia.com/wp-content/uploads/2017/06/Special-Incentives.Update.20170302.pdf

http://www.newtownmacon.com/building-businesses/business-incentives/

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Roswell

Opportunity Zone program-- Businesses are eligible for a job tax credit of $3,500 per job for five years after creating two net new jobs.

Waiver or Reduction of Permit Fees-- The City may waive or reduce all building permit fees associated with the business location/expansion including all building fees associated with new construction, plan review and tenant finishes.

Waiver or Reduction of Impact Fees-- Businesses locating to the City that meet the criteria defined in this policy may qualify for a waiver or reduction from impact fees.

Waiver or Reduction of Business Registration Fees-- The City may waive or reduce applicable business license fees up to the sum of $7,130 each year for a period up to three years.

Expedited Permitting Process-- The City may expedite the permitting process required for business location or expansion.

Freeport Exemptions (Inventory) Distribution centers and warehouse inventories are exempt from property taxes if the

inventory is destined to be shipped out of the state.

More information: http://www.roswellgov.com/business/business-incentives-assistance

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Albany

N/A

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Johns Creek

The City of Johns Creek, through the Development Authority of Fulton County, is pleased to consider any project for possible incentives. However, each project is looked at individually and must meet the qualifying criteria set forth by the Development Authority of Fulton County.

Opportunity Zone-- Fulton County is a Tier 3 Opportunity Zone location, and any business located in a designated OZ and meet the following qualifications will receive $1,750 in job tax credits.

o Job requirement 15 net new jobs;o Must be permanent full-time jobs working a minimum of 35 hours per week;o Must pay in excess of the lowest average wage of any county in the state; ando Must be offered health insurance upon employment, although the employer is

not required to pay for such insurance.

More information: http://johnscreekadvantage.org/index.php/site_selection/incentives

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Warner Robins

Industrial Revenue Bonds (IRBs)—Houston County offers this financing mechanism for considerable savings for projects. In addition to the bond financing, the HCDA can assist companies in exploring alternate financing programs such as those offered through the U.S. Small Business Administration and the Georgia Small Business Lender, Incorporated.

Property Tax Schedule—The Development Authority of Houston County , in cooperation with the Houston County Board of Tax Assessors, may develop a revised tax schedule for new Real and Personal property for qualifying projects.

Military Zone-- Portions of the City of Warner Robins which are located in a certain proximity to Robins Air Force Base are part of the Military Zone, providing for the maximum job tax credit of $3,500 per job.

More information: http://houstoncountyga.net/inspired-incentives-state-local.php

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State of Michigan

Detroit

http://www.degc.org/why-detroit/incentives-and-financing/

RENAISSANCE ZONESDetroit’s Renaissance Zones total more than 1,200 acres in 12 distinct areas. Eligible businesses in these locations can receive a waiver from:

Non-debt real property tax Non-debt personal property tax Michigan personal income tax Detroit income tax Michigan’s 6 mill state education tax City utility users tax act

*To be eligible, a business must be located in a Renaissance Zone and demonstrate job creation and new investment.BROWNFIELD REDEVELOPMENTThe Detroit Brownfield Redevelopment Authority was established to promote the revitalization of environmentally distressed and blighted areas in the city. Developers of properties that qualify as contaminated, blighted or functionally obsolete and are part of an approved Brownfield plan may be eligible for Tax Increment Financing for both environmental and non-environmental activities, such as:

Baseline environmental assessments Due care activities Lead or asbestos abatement Demolition Site preparation Public infrastructure improvements

Built in Detroit is an exclusive DEGC program that advances an international economic development blueprint for the city. It is focused on growing international and export opportunities for local companies. The program also promotes Detroit’s story of resurgence to the global business community.

Through its network of public and private partners, Built in Detroit strengthens the regional trade ecosystem to expand the number of exporters and value of exports from Detroit. We advocate for the importance of exporters and export-led growth as a critical cornerstone of the regional economy, and we connect foreign corporate prospects to Detroit’s global business network in order to showcase industry assets and opportunities. To support the needs of global companies interested in doing business in Detroit, DEGC offers a variety of services:

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Research: DEGC’s researchers provide custom data to assist with the assessment of opportunities, including supply chain evaluations, leading industries, capital costs, tax comparisons and workforce data

Real Estate: Detroit’s commercial and industrial properties offer a rich urban experience at an affordable cost. Whether a company needs a downtown office or space for a new facility, Detroit has the ideal site.

Workforce: Through its network of partners, DEGC offers connections to a skilled labor pool as well as the resources to train talent in required skills. Federal visa resources are also available for international entrepreneurs and investors.

Business Development/Introductions: From development and construction to finance and banking, DEGC can connect international investors with local business service providers that have the capacity to work globally.

Financing: DEGC’s comprehensive economic toolkit offers information on a wide range of public and private sector partners to help international firms finance a venture in Detroit.

To learn more about DEGC’s international services, contact Business Development Manager for FDI, Sandra Choi,

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Grand Rapids

https://www.rightplace.org/why-west-michigan/financing-and-incentives/incentives

OMMUNITY DEVELOPMENT BLOCK GRANTThe Community Development Block Grant (CDBG) program is a federal grant program utilizing funds received from the US Department of Housing and Urban Development (HUD). Each year, Michigan receives approximately $30 million in federal CDBG funds, out of which various projects are funding through the state.

INDUSTRIAL PROPERTY TAX ABATEMENT (PA 198)Industrial property tax abatements provide incentives for eligible businesses to make new investments in Michigan. These abatements encourage Michigan manufacturers to build new plants, expand existing plants or renovate aging plants. High technology operations are also eligible for the abatement.

MICHIGAN BUSINESS DEVELOPMENT PROGRAMThe Michigan Business Development Program is an incentive program available from the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development Corporation (MEDC). The program is designed to provide grants, loans or other economic assistance to businesses for highly competitive projects in Michigan that create jobs and/or provide investment.

MICHIGAN BUSINESS GROWTH FUND LOAN PARTICIPATION PROGRAM

The Michigan Loan Participation Program participates with lenders to finance diversification projects when

faced with eligible borrower companies whose projected cash flows are considered speculative by the

lender.

MICHIGAN COLLATERAL SUPPORT PROGRAM

The Michigan Collateral Support Program supplies cash collateral accounts to lending institutions to

enhance the collateral coverage of borrowers. To qualify, a business must be engaged with a private

lender for the purpose of acquiring a commercial extension of commercial credit and must exhibit a

collateral shortfall according to the lender’s analysis.

COMMUNITY REVITALIZATION FUND

The Michigan Community Revitalization Program (CRProgram) is designed to promote community

revitalization that will accelerate private investment in areas of historical declining values, contribute to

Michigan’s reinvention as a vital, job generating state, foster redevelopment of functionally obsolete or

historic properties, reduce blight, and protect natural resources of this state. The program is designed to

provide grants, loans, or other economic assistance for eligible investment projects in Michigan.

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PERSONAL PROPERTY TAX RELIEF IN DISTRESSED COMMUNITIES (PA 328)

Personal Property Tax Relief in Distressed Communities allows distressed communities, county seats, and

certain border county communities to abate personal property taxes on new investments made by eligible

businesses.

PURE MICHIGAN BUSINESS CONNECT - PROGRAM OVERVIEW

Pure Michigan Business Connect (PMBC) is a public-private initiative that introduces Michigan companies

to opportunities that help them grow and expand. By participating in the program, companies receive:

business assistance at little to no cost; access to a new business-to-business (B2B) network; and find new

customers while also leveraging procurement resources to increase their supply chain.

SKILLED TRADES TRAINING FUND (STTF)

The STTF provides competitive awards for employer responsive-training that enhances talent, productivity,

and employment retention, while increasing the quality and competitiveness of Michigan’s businesses. The

STTF ensures Michigan’s employers have access to the talent they need to compete and grow, and

individuals have the skills they need for in-demand jobs.

SESA EXEMPTION PROGRAM

Under the State Essential Services Assessment (SESA) Exemption Program, companies may qualify for a

SESA exemption or alternative SESA when investing more than $25 million in personal property. SESA

exemptions are equal to 100% of the SESA amount for a period of years. Alternative SESAs are equal to a

50% exemption for a period of years. Terms will be determined by a formal review, including: level of

investment, amount of jobs created, level of wages, and connection to Michigan suppliers.

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WarrenN/A

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Sterling Heights

https://www.sterling-heights.net/247/Expansion-Business-Incentives CITY INDUSTRIAL TAX ABATEMENTSTo learn more about applying for an industrial tax abatement in the City of Sterling Heights, contact the City Clerk's office and review the information in this document.An overview and reference for the Industrial Facilities Tax Abatement Program:Industrial Facilities Tax Abatement Program Overview

BROWNFIELD REDEVELOPMENT AUTHORITYThe Brownfield Redevelopment Authority (BRA) provides a for the City to use to revitalize brownfields which are abandoned, undeveloped, or underutilized properties not being developed or fully utilized due to environmental contamination.

CORRIDOR IMPROVEMENT AUTHORITYThis Board meets monthly and coordinates the improvement and redevelopment of the designated commercial corridor through the use of tax increment financing.

LOCAL DEVELOPMENT FINANCING AUTHORITYThe Local Development Financing Authority (LDFA) was established per Pubic Act 281 of 1986 as a tax increment financing method to redevelop existing sites and spur growth specifically for manufacturing, agricultural processing, high tech, and alternative energy.

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Lansing

http://www.purelansing.com/Expanding-or-Locating-Your-Business/Incentives

CITY OF LANSINGCorridor Improvement Authority Act – PA 280 of 2005What - The Corridor Improvement Authority is a Mayoral Appointed board of volunteers who set

improvement priorities for public property within a Corridor Improvement District. The district is typically

along a commercial corridor and can use Tax Increment Financing, Special Assessments, Bonds, and

Donations to fund specific public infrastructure improvements like: beautification, sidewalks, bike racks,

street "furniture," parking improvements, bike lanes, and façade grants.

WHO - The Corridor Improvement Authority is overseen by a joint board made up by adjoining

municipalities and business owners in the district. For instance, the Michigan Ave. CIA board is made up of

representatives from the Cities of Lansing and East Lansing and the Charter Township of Lansing, as well as

members of the business community along Michigan Ave.

WHY - The Authority's goal is to carry out the vision of the affected municipalities and business

community. The CIAs in Lansing were created to better unify the look and function of the corridor for

visitors, residents, and businesses alike. The end result will create the finest commercial corridors in

Michigan, connecting the State Capitol, Michigan State University, and all adjoining municipalities.

LANSING TAX INCREMENT FINANCE AUTHORITY (LANSING TIFA)WHAT- The Lansing TIFA is incorporated under Michigan Public Act 450 of 1980 as amended. The TIFA

was created to prevent urban deterioration and encourage economic development, neighborhood

revitalization and historic preservation. PA 450 allows the TIFA to create and implement finance and

development plans and to provide for the creation of a board to govern the TIFA. It also allows the TIFA to

issue bonds and to use tax increment financing to fund public infrastructure and facilities in the plans.

WHO - The Lansing TIFA Development and Financing Plans were approved by the Lansing City Council in

1982. The plan contained public projects that supported and facilitated economic development in the

Lansing TIFA District. The District was designated as the core downtown area of Lansing. The Plans have

since been amended several times as projects were completed or added. The Plans have also been

amended to respond to changes in the economy and financing markets. The Plans utilize the authority of

the TIFA to issue public bonds to finance public projects. With tax increment financing, the taxable value of

the properties within the District the year the Authority was established becomes the base year taxable

value. Growth in the taxable value of the district is then "captured" and the revenue from that captured

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taxable value is available to the Authority to be used to pay for the projects as defined in the TIFA Plans or

to make bond payments on the bonds issued to finance projects.

Why- The Lansing TIFA provides a useful financing tool for the City to fund public infrastructure and facility

projects that promote economic development. Examples of projects financed by the TIFA include the

Lansing Center, the joint County/City Court Building, Public Parking Facilities and improvements to

Washington Square. All of these valuable public assets help promote economic activity and job creation in

Lansing.OBSOLETE PROPERTY REHABILITATION ACT (OPRA) - PA 146 OF 2000WHAT -  Obsolete Property Rehabilitation Act (OPRA) is a real property incentive, which "freezes" the

taxable value on the structural portion of a "functionally obsolete" or contaminated property for a period

up to 12 years. The incentive involves a two part process: 1) the creation of an OPRA District, 2) the

approval of an OPRA Certificate.

This incentive only abates taxable value on new improvements to the structural portion of a property. The

land portion of the property continues to be taxed at the new improved rate. Essentially, an owner will

pay real estate taxes as if the newly rehabbed building is still in disrepair.

WHO -  The OPRA incentive is available for use on properties slated for redevelopment that have been

deemed "functionally obsolete" by a level 3 or 4 Assessor or are environmental contaminated. The

property must be located in a State of Michigan designated Core Community like Lansing.

WHY - The OPRA incentive is utilized to induce the redevelopment of properties which have generally

experienced extreme neglect. These properties often have major structural deficiencies, inadequate utility

systems, and other costly prohibitives to redevelopment. Qualified properties have generally been a drag

on the value of surrounding properties, and are therefore in the best interest of the municipality to

redevelop,

EXAMPLE:

Obsolete Property Taxable Value = $200,000

Redevelopment Costs = $100,000

New Taxable Value Added = $50,000 (assumes 50% of true cash value of improvements)

Est. Tax Savings over 12 Years = $38,000

Redevelopment Sites and Brownfield Redevelopment

There are many sites in Michigan that are qualified Brownfields—contaminated, functionally obsolete, or

blighted properties—which can be great redevelopment sites with the right financing. Under any of the

Brownfield redevelopment sites incentives, sites that are remediated in Midwest areas may qualify for

business tax credits. For example, a Brownfield redevelopment project that has $100,000 in eligible costs

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in demolition, contamination clean up, and site preparation will also raise the taxes paid by $10,000 per

year once completed. After getting local government approval, the developer would then make all the

improvements including the Brownfield eligible expenses. Each year after the developer pays their taxes

the municipality will reimburse the new portion of taxes back to them until those eligible costs are

reimbursed. If you are looking for sites in the Midwest for your project, the Brownfield redevelopment

sites in Lansing, Michigan, these incentives as well as our other economic incentives, Michigan economic

development grants and corporate relocations assistance show that Lansing is exactly where you want to

be.

Neighborhood Enterprise Zone Act - PA 147 of 1992 - Neighborhood Enterprise Zone ProgramWhat - The Neighborhood Enterprise Zone (NEZ) is a program that provides a reduction in real property taxes for the rehabilitation of existing residential housing or for new construction of residential housing.  Who - The NEZ is available to eligible property owners who make taxable improvements to existing residential housing or for a newly constructed residential housing that is located in an NEZ District.  The City of Lansing currently has designated over 20 NEZ District areas.  The NEZ Program lowers real property taxes.Why - The purpose of establishing NEZs in Lansing is to promote home ownership and investment in areas where the greatest impact would occur and where such improvements will encourage additional investment in adjacent neighborhoods. After the Lansing City Council has approved a NEZ District, the eligible property owner must make application through the Lansing EDC Office before pulling a building permit.Example: For newly constructed properties, homeowners would pay one-half (1/2) of the State of Michigan's average millage rate with the exception of land.  A newly constructed property valued at $100,000 would pay an estimated $2,333 in annual real property taxes without the NEZ tax and would pay an estimated $1,077 in annual real property taxes with the NEZ tax.  The NEZ is typically approved for a period of 12 years by City Council.Example:  The amount of the NEZ tax on a rehabilitated residential structure is frozen at the pre-rehabilitated taxable value with the exception of land.  If

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a home has a current taxable value of $20,000 and the property owner makes improvements that would increase the taxable value by $15,000, the taxable value would remain at $20,000 rather than $35,000.  The NEZ is typically approved for a period of 12 years by City Council.Lansing Regional SmartZoneWhat - The Lansing Regional SmartZone (LRSZ) is a cooperative effort with the Michigan Economic

Development Corporation (MEDC) to stimulate the growth of technology-based businesses in the

Lansing Region. This is a partnership between the City of East Lansing, the City of Lansing, Ingham

County,

Lansing Regional Chamber of Commerce, MBI International, Michigan State University, the Michigan

State University Foundation and the University Corporate Research Park. We provide the support

services needed to build high tech companies. We empower entrepreneurs to build successful

technology businesses. The SmartZone is a dynamic organization of leaders from all backgrounds and

business sectors. Together, these visionaries are combining their talents and energy to transform the

Lansing Region into a high-technology powerhouse. The LRSZ has locations in MSU University Corporate

Research Par, Downtown East Lansing and Downtown Lansing.

Who - The LRSZ focuses on attracting, creating and expanding businesses in the fields of life sciences,

advanced manufacturing and information technology. Special attention is given to helping firms

capitalize on research and technical resources at Michigan State University and (MBI).

Why - The Lansing Regional SmartZone offers: Incubation, office, dry and wet lab space Network of business, professional and technical services Access to university resources, including technical research equipment and laboratories Linkages to sources of knowledge and expertise via the university and private industry resources Business development services and resources that are technical, managerial, financial, legal or

intellectual in nature, specific to the emerging businesses' needs Commercialization assistance Coaching and mentoring

Preparation for access and presentations to investors

Tax Free Renaissance Zones

What -Renaissance Zones are parts of Lansing which are virtually free of all state and local taxes for

businesses located within their boundaries for up to 15 years. These zones are established to promote

economic development throughout the state. There are over 150 geographic areas in Michigan that are

designated as Renaissance Zones. The City of Lansing currently has one active Renaissance Zone and is

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one of a select few cities in Michigan with ability to designate additional zones. Typically new zones are

reserved for major investment and job creation development projects.

Who- Any business operating, or resident living within a Renaissance Zone enjoys the tax benefits from

the Zone. To stay eligible for these benefits, both businesses and residents must remain current on any

taxes that are not exempted by the Renaissance Zone.

Why - Most state and local taxes are abated in the Renaissance Zones for 15 years. The tax benefits are

phased out at 25% increments during the Zone's final three years of existence. Property owners are still 

responsible for property taxes levied to pay for local bonded indebtedness, school sinking funds, and 

special assessments. Property owners not residing in the zone must also pay personal income taxes. The

following state and local taxes are abated for businesses and residents located in a Renaissance Zone: Local Real Property Taxes - General property taxes on land and buildings are nearly 100% abated Local Personal Property Taxes - These general property taxes are nearly 100% abated for the

business' personal property that is located in the Renaissance Zone. School Property Taxes Abated - Personal and real property taxes for schools are 100% eliminated in

the zone. Michigan Business Tax (businesses only) - A tax credit is allowed against the Michigan Business Tax

(MBT) for business activity attributable to the Renaissance Zone. Local Corporate Income Tax (businesses only) - City corporate income taxes, if applicable in the zone,

are 100% abated. State Personal Income Tax - Individuals living in a Renaissance Zone are exempt from paying the state

personal income tax. Local Income Tax - Individuals living in a Renaissance Zone are exempt from paying the local personal

income tax.

Industrial Development Districts & Plant Rehabilitation - PA 198 of 1974 - Property Tax

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Abatement

What - PA 198 allows for the abatement of taxes on manufacturing and high-technology related

investment in the city. The incentive is available for improvements to buildings and structures (real

property), as well as the purchase of machinery and equipment (personal property). The abatement is

for a period up to 12 years.

The incentive involves a two part process: 1) the creation of a Plant Rehabilitation or Industrial

Development District, 2) the approval of an Industrial Facility Tax Certificate.

Upon issuance of an Industrial Facility Tax Certificate for a new project, within a Plant Rehabilitation or

Industrial Development District, the company pays an abated Industrial Facilities Tax (IFT) on the new

qualified investment, which is approximately 50% of the standard millage rate. The exemption applies

only to the specific project that is the subject of the application. Any buildings and equipment that

existed prior to construction of the new facility or are not specified on the application are not exempt.

The incentive only abates taxable value on new improvements to the structural portion of a property,

and new personal property added within the district. Personal property (i.e. equipment) that is

currently being taxed anywhere within the state cannot receive the abatement.

If the project is rehabilitation of real property, the value of any preexisting obsolete property (as

determined by a level 3 or 4 Assessor) is exempt from ad valorem property taxes but will be used as the

base for the Industrial Facilities Tax.

Who - Eligible businesses include manufacturing plants, and related facilities such as office, engineering, and research and development.  As well as, high-technology business operations such as advance computing, advanced materials, bio-technology, and information technology.Why - PA 198 is used to encourage the creation and / or expansion of manufacturing and high

technology business operations. The incentive is to assist companies in making significant investment

and creating job opportunities within the city. It abates revenue that would not exist if not for the use

of the incentive, leaving at least half of the new revenue on the tax rolls.

Example:

Cash Value of New Equipment = $1,000,000

Building Redevelopment Costs = $2,000,000

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New Taxable Value Added = $1,500,000

(assumes 50% of true cash value of improvements and equipment)

Est. Tax Savings over 12 Years = $580,000

(estimate does not include depreciation of equipment)

Act 425 Intergovernmental Agreement for DevelopmentWhat - Act 425 Agreements allow two or more local governments to cooperate and share the costs and

benefits of economic development. For example, a City with excess capacity in utilities or special

development incentives, can partner with a Township that has large undeveloped tracts of land. By

doing so, both the City and Township can provide the ingredients that a business needs to grow. With

the Agreement, both the upfront public costs of infrastructure to support the development and the new

taxes it generates are shared by the City and Township. The two communities also can share the

responsibilities of providing police, fire and other vital services to the new development.

Who - Any two or more local incorporated governments in Michigan can enter into an Act 425

Agreement. For example two Cities, three Townships or a City and Township are three possible

combinations of parties to an agreement. The terms of the agreement are negotiable and provide the

flexibility to fit most economic development situations.

Why - Michigan with its strong form of local government, has thousands of local governments. Today's

competitive world makes it imperative that we cooperate regionally so we can continue to thrive

economically. Also diminishing local tax revenues and a struggling economy necessitate efficiency in

local government. Inter-governmental cooperation with the use of tools like the Act 425 Agreement is

vital if we want to retain the high quality of life and economic opportunities we are accustom to in

Michigan.

Personal Property Tax Abatement - PA 328 of 1998What - PA 328 allows for the abatement of all taxes on new personal property investments in the city.

The exemption includes only new personal property not previously subject to taxes in the state of

Michigan. The length of the abatement is negotiable based on investment, job creation, and economic

impact.

Who - Eligible businesses include: manufacturing, mining, research and development, wholesale trade

and office operations. It is only available to businesses that locate within a distressed core community

like the city of Lansing.

Why - PA 328 is used to encourage the creation and / or expansion of manufacturing, high technology,

and business operations. The incentive is to assist companies in making significant investment and

creating job opportunities within the city.

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Example:

The Lansing EDC is approached by a company with patented technologies derived from research at

Michigan State University, and they are looking for their first manufacturing facility to begin commercial

production of their product. However, being a new company, most likely running on venture capital,

they are attracted to locating in a township to save on their tax liability. Yet, the building and the work

force in the city are clearly advantageous to business growth. The LEDC utilizes a P.A. 328 for 12 years

to offset 100% of the company's personal property tax liability on the new equipment and secure the

company in the location that is most advantageous for business growth.

Cash Value of New Equipment: $2,000,000

Estimated Tax Savings over 12 Years: $63,000 (assumes 50% of true cash value of improvements)

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Ann Arbor

http://www.annarborusa.org/grow-here/funding-incentives

Financial incentives are available to assist businesses making a significant investment in the greater Ann Arbor region and SPARK can help you find them. SPARK has years of experience managing state and local incentive programs and can save you time and ease the burden of going through the process. SPARK will explain how these incentives impact business expansion decisions to potentially decrease costs and increase profitability.

The information below provides a snapshot of the state and federal programs available to qualified businesses. For a full assessment, contact Phil Santer, SPARK Vice President of Business Development, at Phil@AnnArborUSA.org.

State & Local Incentives:Pure Michigan Asset-Based Economic Development Incentives are available. The Michigan Economic Development Corporation has a pool of $175 million available to qualified firms that are growing in or relocating to Michigan. The pool is split into the following funds:

$100 million for attraction and economic gardening $25 million for business acceleration $25 million to support film and digital media industry

Review our PA 198 Best Practices age to learn more- Industrial property tax abatements provide incentives for eligible businesses to make new investment in Michigan. These abatements encourage Michigan manufacturers to build new plants, expand existing plants, or renovate aging plants. High-technology operations are also eligible for the abatement.

Financing and State Funded Programs

The Michigan Economic Development Corporation offers funding incentive programs to assist companies interested in growing their business in Michigan. These programs include access to capital, export assistance, private activity bonds and more.

Private Activity Bonds Private activity bonds are an attractive source of financial assistance to economic development projects in Michigan. They provide profitable firms with capital cost savings stemming from the difference between taxable and tax-exempt interest rates.

Small Business Administration (SBA) Whether you’re just starting a small business or expanding to take advantage of new opportunities, your business needs the right financing at the right time in order to succeed. SBA is committed to helping small businesses, which are the backbone of the nation’s

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economy, thrive. Working closely with a wide range of lending partners across the country, SBA has developed a number of financial programs that address the various needs of small businesses. > See more information on Funding & Incentives for Start-ups

Flinthttps://www.flintandgenesee.org/economic-development/site-selectors/financing-incentives/ Companies expanding and relocating in Flint-Genesee County have access to a wide variety of financing options. Our team helps new & established companies investigate and apply for financing.

Private and public financing resources are available for businesses through pre-seed financing, venture capital, traditional collateral based financing and government guarantees and loans.

Access to capital is one of the primary resources for any growing business. In addition to venture capital, grants and incentives, Michigan offers a number of business loan programs and financing options.We recognize businesses have varying capital needs, based on the timeline to profitability as they progress through various stages of development. Take a look at our business life cycle chart to determine where you are and we’ll help you explore your financing options.

IncentivesThe Flint & Genesee Chamber of Commerce Economic Team helps firms coordinate site searches and identify financing options and incentives. We will coordinate such efforts on your behalf with government leaders at the state, regional and local levels. Such incentives may include local tax abatements, project grants, and loans. A few are listed below but for a more inclusive list, click on either of the links below.http://www.michiganadvantage.org/Michigan-Business-Incentiveshttp://www.michiganadvantage.org/Site-Selection-Resources

Location-Based Tax Savings Programs:

Industrial Property Tax Abatement Provides a 50% industrial property tax abatement on new investment for both real and personal property for up to 12 years. This abatement can be granted by local municipalities or Next Michigan Development Corporation.http://www.michiganadvantage.org/cm/Files/FactSheets/IndustrialProptaxAbatePA198.pdf

Personal Property Tax Relief in Distressed Communities Allows distressed communities to abate 100% of the personal property taxes on new machinery and equipment. Genesee County municipalities eligible to participate include the Cities of Flint, Burton, and Mt. Morris, the Townships of Genesee, Montrose and Mt. Morris. This abatement can be granted by local municipalities or Next Michigan Development Corporation.

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http://www.michiganadvantage.org/cm/Files/Fact-Sheets/PersonalPropTax328.pdf

MEDC and State Tax Savings Programs:Michigan businesses, economic developers and communities now have new tools to spur investment, fuel job growth and support community revitalization. The MEDC and State of Michigan provides significant value to businesses looking to expand or locate their business here.

Dearborn

https://cityofdearborn.org/business/resources/incentives

He programs below help individuals to bridge the gaps in financing their new business. Often, they are specific to the property’s location, whether it is a certain site, city or county, monies are allocated differently. The following programs are contingent upon where you want to locate your business, so please pay attention carefully to the requirements noted.

Pure MichiganMichigan has reinvented the incentive process. Instead of offering tax credits that may provide future savings based on jobs and investment targets, MEDC has programs that provide immediate benefit. Couple these innovative programs with a low 6% Corporate Income Tax and the proposed elimination of the Personal Property Tax, Michigan offers one of the best pro-business environments in the country. Each year, $170 million is available in incentives and assistance. Plus, $100 million is available in loans to small and midsize businesses.

Property Tax AbatementsThese exemptions are offered solely at the discretion of the local unit of government. Policies and formulas for determining the term of years to be granted and other qualifications vary with each community. Follow the link to determine whether or not your property is eligible for tax abatements.

Federal Historic Tax Credit ProgramThe Federal Historic Preservation Tax Incentives program encourages private sector investment in the rehabilitation and re-use of historic buildings.

Michigan Saves

With Michigan Saves financing, you can power your food related business with less energy. Upgrading costly refrigeration units or HVAC systems, replacing old light fixtures, or even adding insulation to your commercial space can help you save. As a nonprofit dedicated to making energy improvements easy and affordable, Michigan Saves has negotiated hassle-free, fast financing up to $150,000 as low as 5.9% for up to 5 years.

Brownfield Redevelopment Authority (BRA)The Economic and Community Development Department of the City of Dearborn encourages the redevelopment of brownfield sites. “Brownfield” is a term describing the obstacle to property

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redevelopment caused by the threat of liability from existing contamination (environmental impairment, functional obsolescence, etc.). The ECD is prepared to partner with developers in the endeavor of identifying and vigorously seeking technical and financial assistance from various funding programs, depending on project eligibility. The ECD assists the BRA of the City of Dearborn in the processing of requests for assistance for brownfield redevelopment projects, contact the ECD at 313-943-2180, ext. 5 for additional information.

Livonia

http://www.ci.livonia.mi.us/Departments/EconomicDevelopment/AccesstoCapitalandIncentives.aspx

1. Industrial Facilities Exemption P.A. 198 of 1974Provides a tax incentive to manufacturers to enable renovations and expansion of aging facilities, assist in the building of new facilities, and to promote the establishment of high tech facilities. Click here for further details and qualifications on the P.A. 198 as outlined by the Michigan Economic Development Corporation (MEDC). Click here for instructions and steps to follow when filing an Industrial Facilities Exemption Certificate with the City of Livonia.

2. Commercial Rehabilitation Exemption Certificate, PA 210 of 2005Encourages the rehabilitation of commercial property by abating the property taxes generated from new investment for a period up to 10 years. Rehabilitation also includes new construction on vacant property from which a previous structure has been demolished and if the new construction is an economic benefit to the local community as determined by the qualified local governmental unit. The Commercial Rehabilitation Tax freezes the taxable value of the building and exempts the new investment form local taxes. Click here for further details from the MEDC.

3. Personal Property Tax Relief in Distressed Communities, PA 328 of 1998Allows distressed communities, county seats and certain border county communities to abate personal property taxes on new investments made by eligible businesses. Abatements under PA 328 reduce property taxes by the full millage rate, including state and local levies. The local community and the business negotiate the length of abatement for the new personal property tax. The law does not specify a maximum or minimum number of years. Click here for further details as outlined by the MEDC.

4. Property Assessed Clean Energy Program (PACE) The Property Assessed Clean Energy Program (PACE) is an innovative way to help businesses save money, create jobs, grow the tax base and promote environmental sustainability, all at no cost to Livonia taxpayers. The Lean & Green Michigan™ PACE Program, allows municipalities to create a PACE district at no cost, that enables investment in comprehensive energy efficiency, water efficiency and renewable energy projects that used to be virtually impossible. By financing such projects through PACE, businesses can eliminate the need for upfront capital and spread the costs over 10 or 20 years so that the savings generated from the project are greater than the annual PACE loan repayment – generating immediate positive cash flow. For further information on the PACE Program check out the PACE financing flyeror the Lean and Green Michigan™ PACE Program website at www.leanandgreenmi.com .

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Westland

N/A

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North Carolina

CharlotteState and local incentives may be available to projects that meet the requirements of several

discretionary programs as well as statutory programs. Charlotte Chamber economic development staff can provide an obligation free analysis of any project to determine if the project may potentially qualify for one or more programs. Contact any member of our recruitment team for a project specific analysis. At the state level, North Carolina has both statutory and discretionary incentive programs. The discretionary programs are targeted toward larger projects with significant job creation and capital investment associated with them. These programs include the Job Development Investment Grant program and the One North Carolina Fund program. Statutory programs include North Carolina’s highly regarded customized workforce training program. The following summary covers incentives available to companies that (a) invest in Charlotte or other locations in Mecklenburg County, (b) meet individual incentive program criteria, and (c) receive formal approval from the government authorities and utility company executives who administer these programs. The incentives described below relate to nine programs: 1.) Job Development Investment Grants from the State of North Carolina, paid as a percentage of state withholding taxes collected on new jobs created by approved projects; 2.) Cash grants from the One North Carolina Fund, a discretionary state program for projects that generate significant jobs and investment; 3.) Research and Development tax credits 4.) Cash grants available under the Charlotte-Mecklenburg Business Investment Program for investment in special zones or, in the case of “large economic impact” projects, anywhere in the City of Charlotte; 5.) Cash grants available from the towns of Huntersville, Cornelius, Davidson, Matthews and Mint Hill; 6.) Electricity and natural gas rate discounts; 7.) Free Employee Recruitment and Screening services from Charlotte Works and the North Carolina Division of Employment Security (DES). 8.) Training support + reimbursement of training expenses under North Carolina’s Customized Training Program;https://charlottechamber.com/clientuploads/Economic_pdfs/charlotte_incentives.pdf

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Raleigh

WAKE COUNTY BUSINESS DEVELOPMENT GRANTWake County’s Business Development Grant offers a series of five tiers with investment and job thresholds. Special consideration may be provided for corporate, regional, or Fortune 500 companies’ divisional headquarters projects and large international companies.

Highlights of the Grant include: Wake County will provide a local match for projects receiving state incentives. A company may be eligible for a Business Investment Grant if they meet both an investment threshold

and new jobs threshold. New or existing companies may be eligible for a Business Development Grant when the state incentives

require local government participation. Thresholds for the state matching tier are at least $5 million on new taxable investment and 25 jobs with

an average of at least 100% of the county average wage.

FDI Flyer (including advance manufacturing)http://files.raleigh-wake.org/business-advantages/data-demographics/international-employers/WCED-FDI-brochure-cover-8.19.16.pdf

MUNICIPAL INCENTIVESWake County has 12 municipalities. Each of these municipalities has their own incentive policy that can be used in conjunction with other county, workforce development, or state incentives. To learn more about these incentives, please contact us.

STATE OF NORTH CAROLINA DISCRETIONARY INCENTIVESThe State of North Carolina also offers discretionary incentive programs. The two programs are the Job Development Investment Grant and the One North Carolina Fund.

WATER AND SEWER INSTALLATION REIMBURSEMENTFor projects locating in the Research Triangle Park (RTP), Wake County allows for a reimbursement of the cost of the extension of water and sewer lines to within 5 feet of a building. The company or its contractors are eligible for the reimbursement.

IN-KIND RESOURCESWake County Economic Development can assist companies and their team members in a variety of ways. Contact us to learn more about these resources.

WORKFORCE DEVELOPMENT & TRAINING INCENTIVESHere in Wake County, we believe in collaborative partnerships between the education system, workforce boards and ourselves to help support the entire workforce pipeline.

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Greensboro

Economic development may involve using public resources to attract, retain or support the expansion of private companies or projects that will contribute to the economic health and quality of life of the community. In Guilford County, assistance may be offered by the Board of County Commissioners, at their discretion, based on the following policy guidelines. The general categories are as follows: 1) Tax Base – Companies that make substantial capital investment in buildings and equipment may be considered for assistance. Capital investment increases the tax base, and the public funds are paid back over time through increased property taxes. 2) High-Paying Jobs – Companies that create jobs in which the wages or salaries are near or above the average for Guilford County may be considered for assistance. High-paying jobs increase the prevailing wage rate for the community and have a higher “multiplier effect” in demand for goods and services than do lowpaying jobs. 3) Special Industries – Companies that fit into one of the following three categories may be considered for extra assistance based on the value they bring to the community. Educated Workforce companies that feature advanced design and technology, and pay their employees very high salaries, contribute to the community image as a place where innovation takes place. “Green” Industries, such as recyclers and alternative fuel providers convey a community concern for the environment. Central Business District (CBD) projects enhance the community image and have a high probability of attracting other downtown investment. Property values are highest in the CBD, so these projects should also repay the assistance in a short period of time.See details here: http://www.myguilford.com/wp-content/uploads/2014/10/Guilford-County-Economic-Development-Investment-Guidelines-2008.pdf

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Winston-Salem

IncentivesAnyone can push incentives. Winston-Salem, Forsyth County sets itself apart in how area businesses, government agencies, organizations, and community leaders work together to develop incentive programs. The result is an approach to incentives that makes sense for businesses relocating or expanding and the community.

Local Tax Credits and IncentivesBoth Forsyth County and Winston-Salem have written guidelines for economic development incentives. Local incentive support is based on net new capital investment and job creation. Each project is reviewed on a case-by-case basis, but history has shown that our community is aggressive in pursuing the right deals. Winston-Salem Business Inc. coordinates all local incentive requests with City/County staff prior to taking the request to the public bodies. If you would like to see what may be available to your company, please give us a call 336.723.8955.

Discretionary Programso Job Development Investment Grant – Provides a limited number of cash grants to new and expanding

businesses that will provide economic benefits to the State, and need the grant to carry out the project in North Carolina.

o One North Carolina Fund – Awards grants for job creation and/or retention in conjunction with local government matches.

o SBIR/STTR Small Business Technology Funding – Awards matching funds to firms who have been awarded a SBIR/STTR Phase I award from the federal government.

o Site and Infrastructure Grant Fund – Provides assistance for site development and infrastructure improvements for very high-impact projects.

o Building Reuse Program- Provides grant assistance to qualified companies for the renovation of vacant or existing buildings.

Incentives linksNC Department of Commerce https://edpnc.com/relocate-or-expand/incentives/

 Other Cost-Saving Programso Foreign Trade Zones – Provides opportunities to defer, reduce and/or eliminate import duties.o Industrial Revenue Bonds – Provides tax-exempt financing for eligible new or expanded

manufacturing facilities, certain solid waste disposal facilities and sewage disposal facilities.o Community Development Block Grants and Industrial Development Fund – Provides grants and loans

for infrastructure development to eligible local governments.o Road Access and Rail Access Programs – Provides funds for the construction of roads and rail access

to new or expanded industrial facilities.o Recycling Business Assistance Center – Provides grants, tax credits and loans to businesses involved

with recycling in North Carolina.

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o North Carolina Biotechnology Center – Provides loans and matches to help leverage larger financial awards for biotechnology companies.

o Film iNCentives – Provides tax credits and sales and use tax discounts to encourage film and television production in North Carolina.

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Durham

http://durhamchamber.org/economic-development/incentives-taxes Funds may be provided to organizations or enterprises relocating or expanding operations in Durham County provided that such enterprises are directly involved in the expansion of the County's primary economic base. Such enterprises must produce new capital investment of at least $50 million in new assessed valuation for a new firm or $30 million by in new assessed valuation by an expanding firm or create at least 200 new jobs within seven (7) years after start of operations unless otherwise determined by the Board of County Commissioners. For companies which are requesting incentives due to job creation, the following guidelines shall apply: a) 200-500 jobs – up to $1,000 per job; b) 501-1000 jobs – up to $1,500 per job; c) 1001 or more jobs – up to $2,000 per job.

Downtown and Community Development Areas: a) $500,000+ in capital expenditures and at least 10 jobs – up to 3% incentive not exceed $1 Million within 3 years b) 25+ jobs within 2 years – up to 6% incentive not to exceed $2 Million c) For Job creation only the incentive can be up to $2,500 per job but not more than $1 Million

Suburban Location: a) $20+ Million in capital expenditures within 3 years – up to 1.5% incentive not exceed $1 Million b) 100+ jobs within 3 years – up to 1.5% incentive

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Fayetteville

N/A

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Cary

Cary has a flexible incentive policy. Benefits can be tailored to specific projects and may include:

Job creation grants

Capital investment grants

Entitlement/permitting fee waivers and expedited administration

Site infrastructure and utilities

Traffic or transportation studiesAlso includes all the incentives for wake county… see Raleigh above.https://www.caryeconomicdevelopment.com/business-climate/incentives/

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Wilmington

No city/county specific incentives, just lists the state incentives.https://wilmingtonbusinessdevelopment.com/why-you-should-be-here-too/taxes-and-incentives/

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Highpoint

High Point is a globally-connected city, earning its nicknames as North Carolina's International City™ and Home Furnishings Capital of the World™.

Approximately 70 internationally-headquartered companies have year-round facilities in High Point - giving the city an impressive 37% of all such foreign-based companies in our 12-county Piedmont Triad region. Please see the listing below.

The High Point Market - the world’s largest home furnishings trade show - brings to town approximately 14,000 foreign guests each year. Those visitors represent more than 110 countries.

Scores of international companies show their products twice each year at the High Point Market.

City government encourages foreign investment, and the High Point Economic Development Corporation works closely with both its internationally-owned companies and foreign clients considering opening operations in High Point.

https://www.highpointnc.gov/356/International-Companies

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Greenville

Businesses looking to expand or considering Greenville for the first time will find a wide range of incentives, grants, and programs to work with. The Office of Economic Development helps companies navigate the various incentive programs available to develop a customized package that best fits their business needs. An incentive package is generally determined and offered based on one or more of the following factors:

Number of jobs created Average wages of those new jobs Capital investment Whether the project falls under one of Greenville’s target industries Other direct economic benefits to Greenville

The Office of Economic Development can facilitate a variety of relocation and expansion incentives and provide assistance in the following areas:

City of Greenville incentives, including: Capital Investment Grant and the Small Business Plan Competition

Financing/Development Agreements/Public-Private Partnerships State of NC economic development grants and incentives....learn more Expediting planning, zoning, permitting processes Utilities and infrastructure

http://www.growgreenvillenc.com/doing-business-here/grants-incentives

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