Economic Development

Economic Development

 

The City has a program that provides property owners with an incentive for rehabilitation of existing buildings or for construction of new facilities within a specified geographic target area. Property owners within the designated community reinvestment area (CRA) may be granted real property tax abatements on any increase in property valuation which results from new construction or remodeling of existing structures. Applications for CRA abatements are reviewed and acted upon by the Community Reinvestment (CR) Council. The CR Council consists of seven (7) members who serve without compensation. Applications for CRA abatements are processed by the Planning and Community Development Office. The CR Council meets on an as-needed basis, however no less than annually

More information about economic development programs can be found at the website of the Jefferson County Port Authority, the area economic development agency, www.jcport.com, at ODOD’s website, development.ohio.gov, and at the Small Business Administration’s website, www.sba.gov . Information about minority business development can be found at www.mbda.gov 

 

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