Loans, Grants, Incentives
Now that we've made office leasing simple, we wanted to reach out to our customers and provide them with the tools to make their business life simple. We have compiled a list of invaluable links to various governmental bodies in Columbus, Cleveland and Pittsburgh that will point you in the right direction if you are looking for loans, grants and other local and federal assistance to get your new business off to a running start.
http://www.business.gov – This is a unique website that provides an avenue for business owners to locate financing or other assistance. It also contains a myriad of useful information such as how to find loans and grants, register a business name, search or register a corporation, obtain a business license, get information on employment laws, and bid on government contracts.
Pittsburgh Entrepreneur Fund is a revolving loan fund for start up and growing businesses including emerging technology based firms, such as Information Technology, Life Sciences and Green / Energy and other start up enterprises. It provides low interest loans for working capital and related start up costs, as well as couple clients with a technical assistance. FMI see http://www.ura.org.
Tax Incentives for new businesses to the City of Cleveland with 5+ employees, 1% payroll tax rebate for 3 years through Technology Business Grant Program, Downtown Business Grant Program, and Green Technology Business Grant Program.
Working Capital Loan Program whereby businesses who can show that the bank has cut their line of credit in the last 60 days and are credit worthy, and have an ability to re-pay debt.
Moving Expenses Reimbursed: City of Cleveland will reimburse moving expenses for any business moving into the City of Cleveland with five or more employees, up to $5,000. All a business needs to do is show receipts.
For more information, go to http://www.city.cleveland.oh.us
Tax incentives for business expansions or relocations.
- Business Development Loan Fund—loans up to $200,000 for acquisition of machinery and equipment
- Working Capital Loan Fund—Loan of up to $50,000 per year for five years to be used for operating costs.
- Office Incentives if you plan to relocate your company from outside Columbus city limits to Downtown Columbus and will employ ten or more people.
For more information, visit http://columbus.gov.
STATE OF OHIO
- Ohio Job Retention Tax Credit - Provides corporate franchise or state income tax credit for businesses that commit to retain a significant number of full-time jobs.
- Ohio Job Creation Tax Credit - Provides corporate franchise or state income tax credit for businesses that expand or locate in Ohio.
- Research and Development Investment Tax Credit - Provides a nonrefundable tax credit against the corporate franchise tax and is designed to encourage Ohio’s corporations to invest in increased research and development activities.
- Training Tax Credit - Provides tax credits for employers that train existing employees who are at risk of losing their jobs primarily due to skill deficiencies.
- Technology Investment Tax Credit - Offers a variety of benefits to Ohio taxpayers who invest in small, research and development and technology-oriented forms.
For more information, go to http://www.odod.state.oh.us