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The Ohio Economic Development Partnership is a statewide association of government entities and businesses. The Partnership is a Certified Community Development Entity recognized by the US Treasury. The Partnership's primary mission is to provide financial support for projects that will create or retain jobs for low-income* households, and help develop, rehabilitate, or revitalize low-income communities throughout the State of Ohio. 

The Partnership's objectives include:

  • Stimulating a self-sustaining process of economic development
  • Creating jobs at acceptable wages, with benefits and career ladders for area residents
  • Producing goods and services that meet social needs
  • Establishing greater community control, accountability, and participation in basic economic decisions
  • Broadening business and asset ownership within low-income communities

The Partnership provides support to both businesses and government agencies. Support for businesses include a wide range of services.  Some of those services are:

  • Assistance in securing funding
  • Obtaining grants
  • Placing low interest loans or loan guarantees
  • Finding tax credit programs that encourage investments
  • Providing incentives to businesses whose projects take place in distressed areas
  • Obtaining low interest capital improvement loans
  • And various other financial mechanisms

An example of one of the other financial mechanisms:  Salable tax credits equal to 39% of a qualified investment. In Ohio, additional discretionary state incentives may be available as well.  Other examples of incentives for investment include the gift of land and/or buildings, cash grants, zero interest loans, and grants to train employees.

For more information, write to us at:  brooks@ohedp.com

or call us at (419) 687-7114.

 

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* Low-income is defined as 80% or less of the state-wide median family income

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