Performance Based Economic Incentive Grants have been utilized to assist businesses such as
Engineered Material Systems with new road infrastructure and fiber optic installs.

Performance Based Economic Incentive Grant
These are need and return on investment (ROI) based grants to assist companies with costs associated with infrastructure needed for the project (including fiber) but can be negotiated to assist with other project related costs such as School Pilot Payments, etc.


They are negotiated to be the equivalent of of a percentage of annual payroll taxes paid to the company for a maximum of five years.

A project must be at a 50% or greater ROI after other incentives including tax abatements are applied utilizing the following formula in order to qualify for.

((Projected Income Tax from New (not retained unless it is shown that a company will leave without the abatement on an expansion/retention project) Payroll for Entire Term of Projected Abatement  X (multiplied by) Most recent IMPLAN multiplier for industrial or commercial)
MINUS
Projected Total Potential Incentive Package Value Over the Course of the Term of the Incentive with the Longest Period – (subtracted by) Total of School Pilot Payments if Negotiated
DIVIDED BY
Projected Total Potential Incentive Package Value Over the Course of the Term of the Incentive with the Longest Period – (subtracted by) Total of School Pilot Payments if Negotiated


Forms, Applications and Downloads

SEARCH PROPERTY DATABASE

CONTACT US


Sean Hughes M.S.
Economic Development Director
Business Concierge
740.203.1016
shughes@delawareohio.net


 Kelsey Scott
 Economic Development  Specialist
 Business Concierge
 740.203.1018
 kscott@delawareohio.net

City of Delaware   ·   1 South Sandusky Street   ·   Delaware, Ohio 43015   ·  740.203.1016   ·   opportunity@delawareohio.net


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