Delaware, OH
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Economic Development
1 S. Sandusky Street
Delaware, OH 43015
740-203-1018
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Incentives
The City of Delaware offers competitive incentives that are negotiated based on the return on investment of your project. Our team will quickly give you an idea of potential incentives and, after receipt of an incentives application, will make a recommendation to the Incentives Negotiation Team on what you should be offered. The recommendations of the Negotiation Team become a letter of intent that then formulate agreements which are presented to City Council for their Consideration. Most incentive packages can be completed and passed by Council in 90 days or less depending on scheduling of meeting dates and the amount of countering involved.
The following is a list of our incentive programs. These are often times in addition to state incentive packages. We can arrange a meeting with our OneColumbus project manager and your team to discuss potential state incentives. State incentives can include Job Creation Tax Credits, workforce training grants, road development grants, and loans. Contact us to begin discussions on how your project may qualify for incentives!
- Community Reinvestment Area (CRA) Property Tax Abatements
- Performance Based Economic Development Incentive Grant
- Tax Increment Financing (TIF)
- Facade Grant (Downtown Only)
- Consolidated Electric Cooperative Rural Development Revolving Loan Fund - A low-interest financing loan program intended to fill capital financing gaps in order to encourage economic development.
- Delaware County Finance Authority Property Assessed Clean Energy Financing (PACE) - The PACE program is a cost-effective way to finance 100% of HVAC or other energy efficiency improvements to an industrial or commercial building while keeping the debt off the company's balance sheet. More about the Delaware County Finance Authority programs.
- Delaware County Finance Authority Construction Sales Tax Incentive - By utilizing the Delaware County Finance Authority as a pass through agency on new manufacturer construction projects a company can save as much as 50% on sales tax for construction materials. More about the Delaware County Finance Authority programs.
- American Electric Power Incentives for New Construction Projects - This program is designed for new construction or major renovation projects. It’s perfect for owners, architects/designers, and engineers looking to build the highest level of energy efficiency into their project–with the quickest possible payback period.
- Columbia Gas of Ohio Small Commercial Construction Incentive - For new commercial buildings up to 20,000 sq. ft., Columbia Gas' energy efficiency incentive saves money up front and lowers overhead for the life of the property.
