Discover How Easy it is to do business in the dayton region
JobsOhio West, an initiative of the Dayton Development Coalition, provides targeted assistance to businesses of all sizes that want to benefit from the region’s many assets. We help you tap into the incentives and advantages that make Ohio one of the Top 5 business-friendly states in the nation—and the Dayton region one of the best places to start, relocate, or expand a business.
Learn how the Dayton region’s reduced operating costs, competitive wages, access to markets, and talented workforce can work to your benefit—and how we can partner with you to get results.
Ohio has assembled a number of incentives to provide the financial assistance that businesses need to meet their strategic goals—including job growth. We help you evaluate, identify, and apply for opportunities that may fit your profile and needs.
JOBSOHIO LOAN & GRANT PROGRAMS
JobsOhio Development Grant
The JobsOhio Economic Development Grant was created to promote
business expansion, and job creation by providing funding for eligible projects in the State of Ohio.
JobsOhio Revitalization Program
The JobsOhio Revitalization Program is focused on helping revitalize sites in end-users that support future job creation opportunities for Ohioans.The program, comprised of both loans and grants, is available to public and private entities seeking to clean up and redevelop sites across Ohio.Learn More
JobsOhio Growth Fund Loan
The JobsOhio Growth Fund 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.Learn More
State LOAN & GRANT PROGRAMS
R&D Investment Loan Fund
The Research and Development Investment Loan Fund provides loan financing between$500,000 and $5 million for projects primarily engaging in research and development activity. Rates are fixed (at- or below-market rates) with other loan terms similar to those of commercial bank financing. Companies receive a dollar-for-dollar, non-refundable Ohio commercial activity tax credit for principal and interest payments made during the year, up to $150,000 during the loan term.Learn More
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.Learn More
Ohio Enterprise Bond Fund
The Ohio Enterprise Bond Fund provides revenue bond financing through an S&P rated fund, whereby proceeds from the sale of bonds are loaned to companies for fixed-rate, long-term capital asset financing. Rates are market-driven and fixed prior to funding. Loan terms range between 7 to 10 years for equipment and 15 to 20 years for real estate. Up to $10 million in financing is available through the program.Learn More
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.Learn More
Roadwork Development (629)
Roadwork 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.
State Tax Credits
Job Creation Tax Credit
The Job Creation Tax Credit is a refundable tax credit to companies generally creating at least10 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 state income tax withholdings 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.
Data Center Tax Abatement
The Data Center Sales Tax Exemption provides a tax exemption rate and 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. Final approval of the tax exemption is contingent upon the approval of the Ohio Tax Credit Authority.