![]() The ban will be phased in over six months for crude and eight months for diesel and other refined fuels. The grant is based on the actual growth in annual municipal income tax that is generated from eligible new employees and payroll associated with the company’s project.Thoughts on the ban of Russian oil’s impact on global energy supply and demand: The European Union’s pending embargo on Russian oil imports (save for pipeline-supplied oil to Hungary and other counties) may re-order the entire globe’s long-held status quo in the supply of energy.Īt the time of this writing, the European Union is crafting the details of its ban on Russian tanker-transported crude oil and refined fuels like diesel, which represent 2/3 of the Union’s oil purchases from Russia. The Toledo Expansion Incentive program provides a monetary, performance-based grant to attract and retain businesses in the City of Toledo. We're targeting businesses in downtown Toledo and revitalization areas of Toledo and we'll provide business advising and support along the way!Īpply now Learn more Toledo Expansion Incentive Program This fund was established to support business growth and neighborhood investment. Minimum loan of $300,000.Īre you a manufacturing company and need help growing your business? We're offering small business loans at competitive interest rates through the Toledo Business Growth Fund. Developer deals or income producing properties are also eligible. Loan terms up to 20 years at lower interest rates than those offered through conventional financing. The grant is based on the actual growth in annual municipal income tax that is generated from eligible new employees and payroll associated with the company’s project.įlexible low-interest long term financing for a variety of business needs and uses. The Municipal Jobs Creation Tax Credit program provides a monetary, performance-based grant to attract and retain businesses in the City of Toledo. Further, it holds the purpose of establishing, expanding, renovating or occupying facilities and hiring new employees and preserving jobs within said zones in exchange for a tax credit.Īpply now Learn more Municipal Jobs Creation Tax Credit Program The Enterprise Zone Tax Abatement Program was designed to create jobs and promote economic growth in a specified geographical area of the City of Toledo. ![]() The EDL Program’s primary goal is to secure the retention and creation of jobs for low and moderate income residents of the City of Toledo by providing subordinated, long-term financing at attractive rates.Īpply now Learn more Enterprise Zone Tax Abatement Program In addition, the EDL Program is intended to directly serve the needs of disadvantaged business enterprises that quite often lack the resources to obtain credit through conventional means. This program is intended to encourage private lenders to provide credit to firms which have difficulty securing reasonable financing that promotes growth, while preserving working capital. The White Box Grant program helps property owners bring vacant commercial first-floor spaces, located in low- to moderate-income census tracts, up to current code to create a functional "white box" space ready for customization and occupancy by a business.Īpply now Learn more Enterprise Development Loan Program The Facade Improvement Grant program helps property owners transform the facade of commercial, industrial, and mixed-use buildings by providing a 50% matching grant to reimburse expenses incurred during a comprehensive facade improvement.Īpply now Learn more White Box Grant Program Learn more Facade Improvement Grant Program The City of Toledo’s CRA program works to promote investment to properties located within neighborhoods that have experienced decline as a result of disinvestment. This program provides real property tax abatement for new construction or for the rehabilitation of residential, commercial or industrial structures within pre-designated areas. A "brownfield" is defined as an abandoned, idled, or under-used industrial, commercial, or institutional property where expansion or redevelopment is complicated by known or potential releases of hazardous substances or petroleum. The Brownfield Revolving Loan Fund program provides low-interest long-term financing and grant funding for the cleanup and subsequent redevelopment of brownfield properties. We offer a variety of loan options, incentives, and tax credit programs to help local businesses get the resources they need for their business.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |