Stark County Creates Custom Programs with Development Incentives
We tailor financial benefits that attract and retain businesses.
Stark County offers development incentives to lower the cost of investment and increase speed to market. According to The Journal of Tax Credits, it’s best when state efforts don’t stand alone. When local financial incentives are coordinated with those from the state, that disproportionally attracts more federal assistance to a given area.
Combined with greater local control, a complementary suite of county and community incentives different from those from federal and state governments grow local opportunities. Stark County employs these economic development mechanisms through creative deal-structuring and development incentives to reduce risk and encourage business growth.
We help create a strong partnership between Stark County, the State of Ohio, and the private sector to drive business investments, create jobs, and foster regional growth.
Stark County Tailors Financial Benefits to Attract and Retain Businesses
Local Incentives and Abatements
Local jurisdictions within Stark County can offer performance-based incentives to support qualifying projects. These may include:
- Income tax rebates tied to job creation and payroll growth
- Property tax abatements based on new construction and capital investment
Key considerations:
- Incentives are structured based on projected job creation, payroll, and capital investment
- Income tax incentives are typically structured as a percentage rebate of new income tax generated
- Property tax abatements are based on assessed value of new construction
- Property tax incentives may require school board approval and are generally reserved for high impact or large scale projects
- All incentives are subject to local government review and approval processes
Final incentive value is determined through formal evaluation and depends on the specifics of each project.
Small Business Support
JobsOhio also offers targeted support for small and mid-sized companies:
- Grant support up to $50,000
- Designed for companies with revenues between $100,000 and $25 million
- Focus on underrepresented ownership, including minority, women, Veteran, and disabled-owned businesses
- Requires demonstrated growth in jobs or payroll
These programs support expansion and help companies scale within Ohio.