Adams County has financial assistance available to assist with business expansion, job creation, and capital investment in Adams County. Additionally incentives can be used to leverage incentives and financial assistance from state and federal sources. Below you will find additional information on available programs that foster economic growth and development.
Local Assistance
• Economic Development Grants
• Job Creation Incentives
• Tax Abatement
• Job Training Funds
• Low Interest Loans
Our economic development team and community leaders are ready to help you solve your financial challenges making your project a success. Contact us today for more information.
Adams County has financial assistance available to assist with business expansion, job creation, and capital investment in Adams County. Additionally incentives can be used to leverage incentives and financial assistance from state and federal sources. Below you will find additional information on available programs that foster economic growth and development.
Local Assistance
• Job Creation Incentives
• Tax Abatement
• Job Training Funds
• Low Interest Loans
JobsOhio Growth Fund
JobsOhio Workforce Grant
State Tax Credits and Abatement
Ohio Enterprise Bond Fund
The 166 Direct Loan provides loans for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. The program provides low-interest loans up to 40 percent not to exceed $1.5 million.
Regional 166 Direct Loan
The Regional 166 Direct Loan provides loans for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. Regional economic development agencies administer the program. It provides low-interest loans up to 75 percent collateral value, not to exceed $500,000.
Research & Development Investment Tax Credit
The Research and Development Investment Tax Credit provides a non-refundable tax credit up to seven percent for qualified research and development expenses. Qualifying expenses fit into two categories: in-house research expenses, and contracted research expenses. Any unused portion of a tax credit may be carried forward for up to seven years.
Innovation Ohio Loan Fund
The Innovation Ohio Loan Fund provides loans for acquisition, construction, and related capital costs of technology, facilities, and equipment purchases. The fund was created to assist existing Ohio companies in developing next-generation products and services within the state’s Industry Sectors up to 75 percent ranging from $500,000 to $1.5 million.
Research & Development Investment Loan
The Research and Development Investment Loan Fund provides loan financing between $500,000 and $5 million for projects primarily engaging in research and development activity. Rates are fixed (at-or below-market rates) with other loan terms similar to those of commercial bank financing. Companies receive a dollar-for-dollar, non-refundable Ohio commercial activity tax credit for principal and interest payments made during the year up to $150,000 during the loan term.
State Grants
Roadwork Development (629)
Roadwork Development (629) funds are available for public roadway improvements, including engineering and design costs. Funds are available for projects primarily involving manufacturing, research and development, high technology, corporate headquarters, and distribution activity. Projects must create or retain jobs. Grants are reimbursable and provided to a local jurisdiction and require local participation
•Ohio Third Frontier
•Technology Investment Tax Credit Program
•Invest Ohio Program
•Site Selection Assistance
•Edison Technology
•Edison Technology Incubators
•The Ohio Venture Capital Authority (OVCA)
•OhioMeansJobs.com
•Ohio Business Gateway
•Appalachian Training Investment Partnership Program
•Appalachian Regional
•Regional Initiative Program
•Appalachian Regional Commission’s Federal Access Road Program
•Governor’s Office of Appalachia Rapid Response Fund
•Ohio Incumbent Workforce Training Voucher Program
The JobsOhio Growth Fund provides capital for expansion projects to companies that have limited access to capital and funding from conventional, private sources of financing. JobsOhio will consider loans to companies that are in the growth, established or expansion stage, and that have generated revenues through a proven business plan.
The JobsOhio Growth Fund’s loan decisions are based on a number of project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment, and project location.