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.

JobsOhio: JobsOhio is our state economic development partner. Opportunities exist for employers to obtain incentives for capital investments and job creation in targeted sectors. Programs available from the state of Ohio can be found at http://jobs-ohio.com/why-ohio/incentives/. The Putnam County CIC will assist businesses with applications.