The City of Harrison works closely with the Ohio Department of Development and Hamilton County to assist existing and new companies benefit from a wide array of business assistance programs.
Ohio Department of Development - The Ohio Department of Development's Strategic Business Investment Division works to create, retain and expand job opportunities for all Ohioans. The Division focuses on issues affecting Ohio's economy and provides a variety of business development resources to help Ohio remain at the forefront of economic development.
Hamilton County Development Company - The Hamilton County Development Company is a private, not-for-profit economic development corporation that staffs and administers the programs of the Economic Development Office for Hamilton County, Ohio.
Tax Reform in Ohio - In 2005 the State of Ohio passed the most sweeping tax reform in 75 years, in a comprehensive effort to make Ohio competitive from an operating cost standpoint. Get the details on tax reform here.
Tax Incentive Programs
Enterprise Zone - The Enterprise Zone Program provides real and personal property tax incentives for businesses that expand or locate in Harrison. The program is limited to non-retail projects in which significant investment is made in real and personal property and new employment is created. For additional information on the program, please click here.
Ohio Job Creation Tax Credit - The Job Creation Tax Credit Program provides corporate franchise or state income tax credit for businesses that expand or locate in Harrison. Eligible businesses must create at least 25 new full-time jobs (10 jobs under special circumstances) within three years. For additional information on the program, please click here.
Small Business Administration 504 Loan Program - The Small Business Administration 504 loan program provides growing businesses with long-term, fixed-rate financing for major fixed assets (real estate, machinery and equipment). Minimum project size is $120,000. For more information, click here.
Ohio 166 Loan Program - The "166" Loan Program is designed to assist growing manufacturing businesses acquire machinery, equipment and real estate by reducing overall debt service requirements through blending the "166" loan with conventional bank financing. For more information, click here.
Ohio Grow Now Program - The Ohio Treasurer of State has set aside more than $600 million statewide for small business loans through the GrowNOW interest rate reduction program. When a business is approved for a loan at an eligible bank, GrowNOW provides an additional three percent discount on the loan's already negotiated interest rate. The program can be used by businesses that are organized for profit, have less than 150 employees and are headquartered in Ohio. The maximum loan is $400,000 and there is no application deadline. The borrower must demonstrate that the loan will be used to either create or retain jobs in Ohio. The loan may be used to purchase equipment or inventory, or to provide working capital. For more information, click here.
Ohio Investment in Training Program - The Ohio Investment in Training Program (OITP) provides financial assistance and technical support for customized employee training for new and expanding Ohio businesses. OITP provides up to 50% reimbursement for instructional costs, materials and training-related activities. For more information, contact Jennifer Spohr of the Ohio Department of Development at (513) 852-2828 or email@example.com.