Doing Business in Putnam County
Doing Business in Putnam County, Ohio
Partnerships and Incentives
Ohio Community Reinvestment Areas: The Ohio Community Reinvestment Area (CRA) incentive program permits municipalities, townships or counties to designate areas where investment is targeted to encourage revitalization of the existing area and development of new structures. There are CRA areas in every community in Putnam County. Having a CRA agreement abates part or all business property taxes for a specific amount of time. The Putnam County CIC helps businesses understand the program, provides applications and manages the application through steps to completion.
Ohio Tax Increment Financing: Tax Increment Financing (TIF) is an economic development mechanism available to local governments to help finance public infrastructure improvements. A TIF works by locking in the taxable worth of real property at the value it holds at the time the authorizing legislation was approved. Payments derived from the increased assessed value of any improvement to real property are directed to a separate fund to finance the construction of public infrastructure defined within TIF legislation. The Putnam County CIC provides applications and manages the program.
Foreign Trade Zones: There are incentives for locating within a FTZ in Putnam County. Contact us to learn more.
Raise the Bar Putnam County: A systematic partnership between education and employers to align the learning system with the needs of the business community so that we prepare, connect and grow an adaptive workforce to meet current and emerging employment needs. Raise the Bar Putnam County is a leader in creating pathways for a highly skilled workforce.
Regional Growth Partnership: RGP is our regional economic development partner. Putnam County is one of 17 counties in the NW Ohio economic development region. We partner with RGP on site and building inventory management, business attraction, workforce development and in some cases, financial incentives.
Putnam County sits in one of the most advantage locations in the Midwest, with easy access to major highways, railways and the CSX Intermodal. Its proximity to US 30 and I-75, as well as Interstates 80 and 90, provide excellent access to the Midwest business corridor.
Northwest Ohio has developed a diverse industry base which capitalizes on our regional competitive assets spanning the traditional sectors such as a prepared workforce, geographic location, education, transportation and quality of life.
Business development efforts mirror the five primary industry sectors driving growth in Northwest Ohio:
- Advanced manufacturing
- Food Processing & Agri-Business
- Logistics & Transportation
- Chicago: 242 Miles
- Ann Arbor: 109 Miles
- Indianapolis: 185 Miles
- Detroit: 124 Miles
- Cleveland: 167 Miles
- Cincinnati: 146 Miles
- Toledo: 64 Miles
- Dayton: 92 Miles
- Louisville: 244 Miles
- Columbus: 112 Miles