Incentives & Financing
Economic Development Incentive Programs
Economic development incentives from a state, regional, and local level are available to assist with business expansion, job creation, and capital investment in Gallia County.
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Grants
JobsOhio Economic Development Grant
The JobsOhio Economic Development Grant promotes economic development, business expansion, and job creation by providing funding for eligible projects throughout the state. Grant decisions are based on several project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment, and project location. Learn more
JobsOhio Workforce Grant
JobsOhio Research & Development Center Grant
JobsOhio Inclusion Grant
The JobsOhio Inclusion Grant provides financial support for eligible projects in distressed communities and/or for businesses owned by underrepresented populations like minorities, women, veterans, and people with disabilities across the state.
Grant decisions are based on several project factors, including but not limited to company location, company ownership, jobs created and/or retained, and project fixed asset investment. Support is intended for small to medium-sized companies with annual revenues of up to $25 million. Learn more
JobsOhio Vibrant Community Program
The Vibrant Community Program recognizes that distressed communities may not have adequate resources to develop and implement economic development projects that can attract private investment and create new jobs. The program was established to assist distressed small and medium sized communities with the implementation of catalytic development projects that fulfill a market need and represent a significant reinvestment in areas that have struggled to attract new investment. Learn more
Roadwork Development (629) Funds
The Roadwork Development (629) Funds are available for public roadway improvements, including engineering and design costs. Funds are accessible for projects that create or retain jobs and primarily involve manufacturing, technology, research and development, corporate headquarters and distribution activity. Grants are provided to local jurisdiction and require local participation. They can be used to reimburse accumulated costs. Learn more
Other Grant Resources
Low-Interest & Working Capital Loans
Ohio Valley Regional Development Commission (OVRDC) Revolving Loan Fund
OVRDC offers assistance to businesses looking to expand or start up in our region through our gap funding program. If your business meets the following criteria, we may be able to help with low interest financing:
- You own a private-for-profit business in Adams, Brown, Clermont, Fayette, Gallia, Highland, Jackson, Lawrence, Pike, Ross, Scioto, or Vinton County or plan to start a new one
- Your project would create or retain jobs
- You have a bank or private lending company loan approval but they are not willing to do the entire project and you must find GAP financing.
Ohio Micro-Loan Program
This loan program is designed to stimulate the growth of new and existing businesses by providing micro-loans at 0% interest. The minimum loan amount is $10,000 to a maximum of $45,000. Loans will be repaid within five years for permanent working capital and seven years for equipment. The business must have its principal place of business and its business operations located in Ohio. Learn more
Women's Business Enterprise Loan Program
This loan program is designed to stimulate the growth of existing women-owned businesses by providing loans at market rate or below market rate interest (currently up to 3%). The minimum loan amount is $45,000 up to a maximum of $500,000. Loans will be repaid within 10 years for equipment and machinery and 15 years for owner-occupied real estate. The business must have its principal place of business and its business operations located in Ohio. Learn more
Appalachian Growth Capital
Funding growth can be a challenge for businesses but AGC understands that supporting businesses creates jobs and strengthens communities by growing the local economy. AGC’s flexible terms helps businesses who have a hard time qualifying for conventional lending. And, we help coordinate your loan needs by connecting you with other possible partners including peer CDFIs, banks, and non-traditional lenders. Learn more
JobsOhio Growth Fund
Research and Development Investment Loan Fund
The Research and Development Investment Loan Fund provides loan financing ranging from $500,000 to $5 million for projects primarily engaging in R&D activity. The loans have fixed rates (at or below market rates) and other loan terms similar to those of commercial bank financing. Companies receive a dollar-for-dollar, nonrefundable Ohio commercial activity tax credit for principal and interest payments made during the year up to $150,000 during the loan term. Learn more
166 Direct Loan
The 166 Direct Loan gives eligible businesses loans for land and building acquisition, construction, expansion or renovation, and equipment purchases. The program provides low-interest loans up to 40 percent of the cost, not to exceed $1.5 million. Learn more
Ohio Enterprise Bond Fund
The Ohio Enterprise Bond Fund offers revenue bond financing through an S&P-rated fund, whereby proceeds from the sale of bonds are loaned to companies for fixed-rate, long-term capital asset financing. Rates are market-driven and fixed prior to funding. Loan terms range from seven to 10 years for equipment and 15 to 20 years for real estate. Up to $10 million in financing is available through the program. Learn more
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 help Ohio companies develop next-generation products and services within the state’s key industry sectors. Loans range from $500,000 to $1.5 million and can cover up to 75 percent of the project cost. Learn more
Tax Credits & Abatements
Gallia County Enterprise Zone
The Ohio Enterprise Zone Program provides real property tax incentives for non-retail businesses that expand or relocate in Ohio. Businesses must apply to the local community to begin the process of applying for an Enterprise Zone agreement. Certain qualifying businesses may be eligible for additional benefits. The map below shows Gallia County’s existing Enterprise Zone, which encompasses the Dan Evans Industrial Park, more than half the US-35 corridor in the County, and the entire City of Gallipolis Learn more
City of Gallipolis Job Creation Incentive
The City of Gallipolis’ Job Creation Incentive Program is to encourage economic growth through business retention and/or expansion efforts and new business recruitment in the City of Gallipolis.
For approved projects, the City of Gallipolis shall provide a yearly payment to an enterprise up to 50% of employee’s 1% income tax withholdings that are paid to the City of Gallipolis. Learn more
Gallia County Community Reinvestment Areas
The Community Reinvestment Areas provide companies locating in a designated Community Reinvestment Area an exemption of up to 100 percent of improvement value for up to 15 years on real property taxes. To be eligible, a company must make an agreement with the local community prior to going forward with the qualifying project. Learn more
Gallia County Opportunity Zone
The Opportunity Zone program was established as part of the Tax Cuts and Jobs Act passed in December 2017 to encourage long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into designated Opportunity Zones. Census Tract: 39053953600 in Gallia County, OH has been selected as a Certified Opportunity Zone. Learn more
Job Creation Tax Credit
The Job Creation Tax Credit is a refundable and performance-based tax credit calculated as a percent of created payroll and applied toward the company’s commercial activity tax liability. Should the amount of the credit exceed the company’s commercial activity tax liability for any given year, the difference is refunded. Companies creating at least 10 jobs (within three years) with a minimum annual payroll of $660,000 and that pay at least 150 percent of the federal minimum wage are eligible for the credit; however, they must apply for the credit before committing to a project. The Ohio Tax Credit Authority must approve applicants before hiring begins. Learn more
Data Center Tax Abatement
Ohio Motion Picture Tax Credit
Workforce Development
TechCred
TechCred helps Ohioans learn new skills and helps employers build a stronger workforce with the skills needed in a technology-infused economy. These technology-focused credentials take a year or less to complete and prepare current and future employees for the technology jobs Ohio employers need.
JobsOhio Talent Acquisition Services
From employer brand building and attraction to screening and training, the Talent Acquisition Services program provides a customized approach based on the company’s needs. The goal is to build and execute a talent plan alongside the company’s existing recruiting efforts to help solve their biggest talent challenges. This program isn’t a grant or a loan, but rather a professional service offered by JobsOhio. Learn more
Industry Sector Partnership Grant
OhioMeansJobs - Gallia County
Foreign Trade Zone #138
Partnering with FTZ #138
A Foreign-Trade Zone (FTZ or zone) is a site within the United States that is legally considered outside of customs territory, allowing goods to be brought in without formal customs entry.
Because foreign merchandise admitted into a FTZ is considered still to be in international commerce, it may be:
Stored or exhibited
Repackaged, relabeled or broken into smaller lots
Mixed, manipulated or used in a manufacturing or value-added process
Transferred into another FTZ with no liability until it leaves the FTZ
The FTZ allows users to:
Reduce, eliminate or defer Customs duties
Avoid “duty drawback” on re-exported or scrapped merchandise
Increase logistics flexibility
Move merchandise directly to the factory or warehouse with no clearance delay
File Customs entry paperwork weekly rather than on each container.
Gallia County companies can partner with FTZ #138 for obtaining FTZ designation. For more information about FTZ #138, visit www.ftz138.com
