Tax Increment Financing (TIF) is an economic development mechanism available to local governments in Ohio to finance public infrastructure improvements...
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BUSINESS RETENTION
Forty to 80% of new jobs are created by existing firms, rather than by attracting new firms to a community. Keeping an existing business is often easier than recruiting new firms. Our retention & expansion program helps community leaders and communities work together to identify barriers local businesses face as they try to survive and grow. With the help of community surveys from small businesses, we analyzes the results and the reports provide valuable information and ideas to invigorate the local economy. Our reports don't sit on a shelf; because the retention and expansion strengthens community ties, and the ideas turn to action.
The City of Moraine is a proud member of the regional BusinessFirst! resource network. Our staff meets with hundreds of companies every year to provide information about these valuable resources.
For business assistance or more information about our development partners, please contact the City of Moraine Office of Economic Development at (937) 535-1034.
INCENTIVES
The Roadwork Development (629)
The Roadwork Development (629) Account grant funds are available for public roadway improvements, including engineering and design costs. This fund...
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Ohio Enterprise Zone Program (EZ)
Enterprise Zones are designated areas of land in which businesses can receive tax incentives in the form of tax exemptions...
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Ohio Community Reinvestment Area Program (CRA)
Community Reinvestment Areas are areas of land in which property owners can receive tax incentives for investing in real property...
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JRTC Guidelines Sales and Inventory Tax Exemptions
State and local sales taxes are exempted on certain types of purchases, including machinery and equipment used in the manufacturing...
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Job Retention Tax Credit (JRTC)
The Job Retention Tax Credit is a non-refundable Ohio Corporate franchise (income) tax available to companies retaining at least 1,000...
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Job Creation Tax Credit (JCTC)
The Job Creation Tax credit is a refundable Ohio corporate franchise (income) tax available to Companies creating at least 25...
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Research and Development Investment Tax Credit (RDITC)
The R&D investment Tax Credit is a non-refundable Ohio corporate franchise (income) tax credit for all investments in qualified research...
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Research & Development Investment Loan Fund (RDLIF)
Direct Loan financing between $1 million and $25 million is available for projects primarily engaging in research and development activity....
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Business Development (412) Account
These grant funds are for on or off site infrastructure improvements, including water, sewer, road and rail improvements. This fund...
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WORKFORCE DEVELOPMENT
With a population close to 540,000 people, the Dayton Region offers a large and skilled workforce for any potential business growth and development. The labor force numbers a little over 270,000 people with the population of those 16 years and older around 427,000. Businesses situated in Moraine may also access the labor force in the greater Dayton area, Cincinnati, and Columbus.
The greatest number of employees works in fields of management and professional work. Fifty five percent of those 25 years and older have some college experience, an associate's degree, or a bachelor's degree. Twenty five percent of those 25 and over have at least a bachelor's degree. Access to higher education in the City of Moraine is readily available with opportunities on the community college and university levels. Institutions of higher education include Wright State University, University of Dayton, and Sinclair Community College.