The City of Strongsville

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July 4, 2008

Tax Incentives
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TAX INCENTIVES

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 Strongsville will provide 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.

Click here for more details on CRAs

Limited Enterprise Zone

The city also has a Limited Enterprise Zone and, therefore, can offer limited real estate and personal property 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.

For more information regarding the Limited Enterprise Zone please visit the website listed below:

Click here for more details on Limited Enterprise Zones

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.

The Ohio Investment Training Program

The Ohio Investment Training Program (OITP) provides financial assistance and technical resources for customized training involving employees of new and expanding Ohio businesses.

The program is run by the Ohio Department of Development. For more details regarding OITP please view the link listed below:

Click here to learn more regarding the Ohio Investment Training Program

Additional State Business Incentives

If you have any questions regarding tax incentives please contact Gene Magocky, Director of Economic Development at (440) 580-3117