Business Incentives

Local Incentives
Realizing the importance of business and industry, the City of Greenville has taken a very proactive approach toward economic development. Greenville can offer a very competitive incentive packages to qualifying businesses that invest and create jobs in the City. Enterprise Zones and CRAs are available in areas seeking to attract business and industry. Other local incentives include City, State or County low-interest loans that may be available for your business project.

Enterprise Zone
The Enterprise Zone Program offers exemptions on real property or new tangible personal property for up to 10 years for eligible projects. Enterprise Zone agreements are negotiated with the City and the actual percentage of abatement usually depends on the dollars invested and the number of jobs created or retained. Other considerations include projected payroll, infrastructure needs, as well as other factors. Only non-retail businesses can qualify for Enterprise Zone abatements. The Enterprise Zone program is available within the incorporated limits of Greenville.

Community Reinvestment Act
The Community Reinvestment Area (CRA) program offers exemptions on improved real property for up to 15 years for eligible projects. An active CRA is established in the Downtown Central Business District of the City of Greenville.


Ohio Job Creation Tax Credit
State and municipal tax incentives are available for businesses that expand or locate in Ohio. State guidelines regulate the type of business and projects eligible for the incentive. Businesses must agree to create at least 25 new, full-time jobs within three years of operations and pay at least 150% of the current federal minimum wage. Other eligibility requirements must be met to qualify.

Greenville — A Red Carnation Community
In 1995, Greenville was awarded the prestigious "Red Carnation Award" by the Ohio Development Association for its outstanding achievements in economic and community development.