5350 Pleasant Ave. 513-867-5345 (phone) 513-867-5324 (fax) development@fairfield-city.org | Welcome: Development Services: Economic Development Business incentive programsA variety of business incentive programs are available to companies already located in Fairfield or those new to the city. The State of Ohio, Butler County and the City of Fairfield all offer programs and often will coordinate incentive packages to fit individual business needs. Tax incentive programsEnterprise zones Download the Enterprise Zone Application. The Enterprise Zone Program provides real and personal property tax incentives for businesses that expand or locate in Fairfield. The program is limited to non-retail projects in which significant investment is made in real and personal property and new employment is created. For more information, contact Greg Kathman of the City of Fairfield at (513) 867-5345 or gkathman@fairfield-city.org. Community Reinvestment Areas The Community Reinvestment Area (CRA) Program provides real property tax incentives for businesses that expand or locate in certain defined areas in Fairfield. Eligible businesses agree to make significant investment in new construction or rehabilitation of an existing facility and to create new employment opportunities. For more information, contact Greg Kathman of the City of Fairfield at (513) 867-5345 or gkathman@fairfield-city.org. Ohio Job Creation Tax Credit Download the Ohio Job Creation Tax Credit Application. The Job Creation Tax Credit Program provides corporate franchise or state income tax credit for businesses that expand or locate in Fairfield. Eligible businesses must create at least 25 new full-time jobs (10 jobs under special circumstances) within three years. For more information, contact Greg Kathman of the City of Fairfield at (513) 867-5345 or gkathman@fairfield-city.org. Financing programsSmall Business Administration 504 Loan Program The Small Business Administration 504 loan program provides growing businesses with long-term, fixed-rate financing for major fixed assets (real estate, machinery and equipment). Minimum project size is $120,000. For more information, contact the Certified Development Company of Butler County at (513) 887-3404 or www.cdcbutlercountyohio.org. Butler County Revolving Loan Fund The Butler County Revolving Loan Program provides low interest loans to growing businesses for fixed assets or working capital. Minimum loan size is $15,000. For more information, contact the Certified Development Company of Butler County at (513) 887-3404 or www.cdcbutlercountyohio.org. Training ProgramsOhio Investment in Training Program Download the Ohio Investment in Training Application. The Ohio Investment in Training Program (OITP) provides financial assistance and technical support for customized employee training for new and expanding Ohio businesses. OITP provides up to 50% reimbursement for instructional costs, materials and training-related activities. For more information, contact Jennifer Spohr of the Ohio Department of Development at (513) 852-2828 or jspohr@odod.state.oh.us. Other helpful links and resourcesFor more information regarding incentives, please visit the following sites: Last updated: 10/19/2007 |