The Ohio Enterprise Zone program (Ohio)

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Last modified on February 12, 2015.

EZFeed Policy

Place Ohio


   
Applies to States or Provinces Ohio
Name The Ohio Enterprise Zone program (Ohio)
Policy Category Financial Incentive
Policy Type Enterprise Zone, Property Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Ohio Department of Development
Primary Website http://www.development.ohio.gov/bs/bs_oezp.htm
Applicable Jurisdiction Each municipal and county government has its own jurisdiction: http://www.development.ohio.gov/OTEISearch/ez/contactsearch.aspx


Last Review 2014-09-15


Information Source http://www.development.ohio.gov/files/bs/ez_Eligiblenewinvestment.docx

http://www.development.ohio.gov/bs/bs_oezp_rules.htm


Summary

The Ohio Enterprise Zone program is an economic development tool administered by municipal and county governments that provides real and personal property tax exemptions to businesses making investments in Ohio. In order to use the Enterprise Zone program, communities petition to the Ohio Department of Development for certification of a geographical zone with a contiguous boundary. Once a zone is certified, communities may enter into negotiated agreements with businesses that invest in the zone.

Enterprise zones are designated areas of land in which businesses can receive tax incentives in the form of tax exemptions on eligible new investment. The zone's geographic area is identified by the local communities involved in the creation of the zone. The boundary should (1) include areas appropriate for business development, (2) have a single continuous boundary, (3) meet minimum population requirements, and (4) evidence the distress characteristics, when applicable. Once a zone is defined, the local legislative authority participating in the creation must petition the director of the Development Services Agency. The director must then certify the area for it to become an active Enterprise Zone.

Local communities may offer tax incentives for non-retail projects that are establishing or expanding operations in the State of Ohio. Real property investments are eligible for tax incentives, as well as personal property investments for those entities that continue to pay personal property tax. Tax incentives are negotiated at the local level, and an enterprise zone agreement must be in place before the project begins. Businesses interested in pursuing these incentives should contact the local Enterprise Zone Manager.



Policy Contact

Department Ohio Development Services Agency
Division Office of Strategic Business Investments, Tax Incentives Section




Phone (614) 466-2317



Website http://www.development.ohio.gov/bs/bs_oezp.htm
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Ohio Revised Code Chapter 5709
Date Effective 1997-07-01



















References