Pre-1994 Community Reinvestment Areas (CRAs)
Strongsville currently has nineteen (19) Pre-1994 Community Reinvestment Areas established for its Tax Abatement Program.
All industrial zoned land in the city is a part of a Community Reinvestment Area Incentive. This means that eligible companies may receive tax incentive on the real estate improvement, upon application, for ten years based on 100% of the real estate improvements actually made at the site.
Strongsville Job/Payroll Creation Incentive Grant Program
The City of Strongsville has established a Job/Payroll Creation Incentive Program that offers annual grants based on withholding percentages to eligible projects that create new, full-time jobs and generate significant new payroll.
Limited Enterprise Zone
The city also has a Limited Enterprise Zone and, therefore, can offer limited real estate tax incentives. Tax incentive is limited to resident and new companies qualifying under the state program. We will be happy to work with you and negotiate a fair project for you and the City of Strongsville.
Foreign Trade Zone
Foreign-trade zones (FTZ) were created by Congress in 1934 to stimulate economic growth and development in the United States. The FTZ program was designed to promote American competitiveness by encouraging companies to maintain and expand their operations in the United States. The FTZ program encourages businesses to locate in the United States by removing various disincentives commonly encountered. Under the program, companies may reduce, defer or eliminate Customs duties on imported parts, materials or components entered into the zone.
A Foreign Trade Zone has been defined within the City of Strongsville and can be adjusted to incorporate additional projects.
If you have any questions regarding tax incentives please contact Brent Painter,Director of Economic Development at (440) 580-3118 or at email@example.com