Enterprise Zone Program - Ohio Department of Development

The Ohio Enterprise Zone Program (EZ) is a state economic development tool administered by municipal and county governments to encourage businesses to expand or locate within designated zones.

The core benefit is a real and personal property tax exemption on the value of eligible new investments (such as new buildings or equipment). This incentive is:

• Locally Negotiated: The percentage of the tax exemption (which can be up to 75% for up to 10 years) is negotiated through an agreement between the business and the local government.
• Job Focused: The agreement often requires a commitment from the business to create or retain a specified number of jobs.

This program is essential for businesses making substantial capital improvements that need tax relief to offset high start-up or expansion costs.

Link: https://development.ohio.gov/business/state-incentives/ohio-enterprise-zone-program