{"id":84950,"date":"2021-07-09T15:28:25","date_gmt":"2021-07-09T15:28:25","guid":{"rendered":"https:\/\/growinnorthwood.com\/?page_id=84950"},"modified":"2023-10-04T18:46:51","modified_gmt":"2023-10-04T18:46:51","slug":"incentives-programs","status":"publish","type":"page","link":"https:\/\/growinnorthwood.com\/incentives-programs\/","title":{"rendered":"Incentives &#038; Programs"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><p>[vc_row row_height_percent=&#8221;100&#8243; back_color=&#8221;color-jevc&#8221; back_image=&#8221;85219&#8243; overlay_color=&#8221;color-jevc&#8221; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; row_name=&#8221;Hello&#8221;][vc_column column_width_percent=&#8221;100&#8243; position_vertical=&#8221;middle&#8221; gutter_size=&#8221;3&#8243; style=&#8221;dark&#8221; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;4&#8243; mobile_width=&#8221;0&#8243; css_animation=&#8221;bottom-t-top&#8221; animation_delay=&#8221;200&#8243; width=&#8221;1\/1&#8243;][vc_row_inner limit_content=&#8221;&#8221;][vc_column_inner column_width_percent=&#8221;100&#8243; align_horizontal=&#8221;align_center&#8221; gutter_size=&#8221;3&#8243; style=&#8221;dark&#8221; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;4&#8243; mobile_width=&#8221;0&#8243; width=&#8221;1\/1&#8243;][vc_custom_heading heading_semantic=&#8221;h1&#8243; text_size=&#8221;fontsize-338686&#8243; text_transform=&#8221;uppercase&#8221; text_height=&#8221;fontheight-179065&#8243; text_space=&#8221;fontspace-781688&#8243;]Northwood Incentives &amp; Programs[\/vc_custom_heading][vc_column_text]Northwood offers a variety of economic development incentives to help any sized business maximize their investment in our community. <span style=\"font-weight: 400;\">The City of Northwood\u2019s Mayor, Council, and Administration are dedicated to providing every advantage to new and growing businesses. We provide concierge-level services and maximize financial advantages to make Northwood your one-stop-shop for success and prosperity.<\/span>[\/vc_column_text][vc_empty_space empty_h=&#8221;2&#8243;][vc_icon icon=&#8221;fa fa-chevron-down&#8221; icon_color=&#8221;accent&#8221; background_style=&#8221;fa-rounded&#8221; size=&#8221;fa-2x&#8221; outline=&#8221;yes&#8221; icon_automatic=&#8221;yes&#8221; shadow=&#8221;yes&#8221; link=&#8221;url:%23community-reinvestment-area&#8221;][\/vc_icon][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;3&#8243; bottom_padding=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; enable_top_divider=&#8221;default&#8221; top_divider_inv=&#8221;step_2_3&#8243; shape_top_invert=&#8221;yes&#8221; shape_top_h_use_pixel=&#8221;&#8221; shape_top_height=&#8221;100&#8243; shape_top_color=&#8221;color-202097&#8243; shape_top_opacity=&#8221;100&#8243; shape_top_index=&#8221;0&#8243; row_name=&#8221;Community Reinvestment Area&#8221;][vc_column width=&#8221;1\/1&#8243;][vc_row_inner limit_content=&#8221;&#8221;][vc_column_inner width=&#8221;1\/1&#8243;][vc_custom_heading heading_semantic=&#8221;h3&#8243; text_size=&#8221;fontsize-155944&#8243; text_space=&#8221;fontspace-781688&#8243; separator=&#8221;yes&#8221; separator_color=&#8221;yes&#8221; separator_double=&#8221;yes&#8221; subheading=&#8221;The City of Northwood Community Reinvestment Areas provide tax incentives to promote new development and redevelopment. Eligible projects may qualify for a tax abatement of up to 100% of the new value created for:&#8221;]Community Reinvestment Area[\/vc_custom_heading][uncode_list]<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Up to 15 years on new commercial, industrial and residential development,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Up to 12 years on commercial, industrial, and residential expansion or renovation.<\/span><\/li>\n<\/ul>\n<p>[\/uncode_list][\/vc_column_inner][\/vc_row_inner][vc_empty_space empty_h=&#8221;2&#8243;][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2023%2F10%2FNorthwood-CRA-Application-Comm-Industrial-Projects.pdf|target:_blank&#8221; icon=&#8221;fa fa-map2&#8243;]Commercial \/ Industrial App[\/vc_button][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2023%2F10%2FNorthwood-CRA-Application-Residential-Projects.pdf|target:_blank&#8221; icon=&#8221;fa fa-map2&#8243;]Residential App[\/vc_button][vc_row_inner][vc_column_inner width=&#8221;1\/1&#8243;][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2023%2F10%2FNorthwood-CRA-Map.pdf|target:_blank&#8221; icon=&#8221;fa fa-map2&#8243;]Map[\/vc_button][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;3&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-lxmt&#8221; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; enable_top_divider=&#8221;default&#8221; top_divider_inv=&#8221;step_2_3&#8243; shape_top_invert=&#8221;yes&#8221; shape_top_h_use_pixel=&#8221;&#8221; shape_top_height=&#8221;100&#8243; shape_top_color=&#8221;color-202097&#8243; shape_top_opacity=&#8221;100&#8243; shape_top_index=&#8221;0&#8243; row_name=&#8221;Jobs Grant Program&#8221;][vc_column width=&#8221;1\/1&#8243;][vc_row_inner limit_content=&#8221;&#8221;][vc_column_inner width=&#8221;1\/1&#8243;][vc_custom_heading heading_semantic=&#8221;h3&#8243; text_size=&#8221;fontsize-155944&#8243; text_space=&#8221;fontspace-781688&#8243; separator=&#8221;yes&#8221; separator_color=&#8221;yes&#8221; separator_double=&#8221;yes&#8221; subheading=&#8221;The City of Northwood provides grants to businesses that intend to create jobs with a minimum payroll of $500,000. Targeted businesses citywide will receive priority.&#8221;]Jobs Creation &amp;<br \/>\nRetention Grant Program[\/vc_custom_heading][uncode_list]<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Targeted businesses include corporate offices, manufacturing, and critical-need businesses as determined by the City\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Within Central Business District (CBD) target area, retail, restaurant, entertainment, and hospitality as noted on the CBD Eligible Retail Jobs Grant Map.<\/span><\/li>\n<\/ul>\n<p>[\/uncode_list][vc_column_text]<span style=\"font-weight: 400;\">The grant will provide a percentage reimbursement for municipal income taxes for up to ten (10) years depending on the project. Job grants shall be approved by City Council and will require a contractual commitment to meet job creation benchmarks and continued operations in the City for a specified period of time.<\/span>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space empty_h=&#8221;2&#8243;][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2023%2F10%2FNorthwood-Jobs-Grant-Application.pdf|target:_blank&#8221; icon=&#8221;fa fa-map2&#8243;]Job Creation Application[\/vc_button][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2023%2F04%2FNorthwood-Jobs-Grant-Retail-Boundary.pdf|target:_blank&#8221; icon=&#8221;fa fa-map2&#8243;]View Target Area Map[\/vc_button][\/vc_column][\/vc_row][vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;3&#8243; bottom_padding=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; enable_top_divider=&#8221;default&#8221; top_divider_inv=&#8221;step_2_3&#8243; shape_top_invert=&#8221;yes&#8221; shape_top_h_use_pixel=&#8221;&#8221; shape_top_height=&#8221;100&#8243; shape_top_color=&#8221;color-202097&#8243; shape_top_opacity=&#8221;100&#8243; shape_top_index=&#8221;0&#8243; row_name=&#8221;Revitalization District&#8221;][vc_column width=&#8221;1\/1&#8243;][vc_row_inner limit_content=&#8221;&#8221;][vc_column_inner width=&#8221;1\/1&#8243;][vc_custom_heading heading_semantic=&#8221;h3&#8243; text_size=&#8221;fontsize-155944&#8243; text_space=&#8221;fontspace-781688&#8243; separator=&#8221;yes&#8221; separator_color=&#8221;yes&#8221; separator_double=&#8221;yes&#8221; subheading=&#8221;A Revitalization District was established in the city of Northwood through the Ohio Division of Liquor control to attract restaurants and entertainment venues to Woodville Road and the new Enclave mixed use development. Within the district, lower cost and expedited access to one (1) of fifteen (15) D5 liquor licenses are available through the city.&#8221;]Revitalization District[\/vc_custom_heading][\/vc_column_inner][\/vc_row_inner][vc_empty_space empty_h=&#8221;2&#8243;][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2022%2F09%2FNorthwood-Revitalization-District.pdf|target:_blank&#8221; icon=&#8221;fa fa-map2&#8243;]Northwood Revitalization District[\/vc_button][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2023%2F04%2FNorthwood-Revitalization-District-2021.pdf|target:_blank&#8221; icon=&#8221;fa fa-map2&#8243;]View Target Area Map[\/vc_button][\/vc_column][\/vc_row][vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;3&#8243; bottom_padding=&#8221;3&#8243; back_color=&#8221;color-lxmt&#8221; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; enable_top_divider=&#8221;default&#8221; top_divider_inv=&#8221;step_2_3&#8243; shape_top_invert=&#8221;yes&#8221; shape_top_h_use_pixel=&#8221;&#8221; shape_top_height=&#8221;100&#8243; shape_top_color=&#8221;color-202097&#8243; shape_top_opacity=&#8221;100&#8243; shape_top_index=&#8221;0&#8243; row_name=&#8221;Woodville Road Renewal Grant&#8221;][vc_column width=&#8221;1\/1&#8243;][vc_row_inner limit_content=&#8221;&#8221;][vc_column_inner width=&#8221;1\/1&#8243;][vc_custom_heading heading_semantic=&#8221;h3&#8243; text_size=&#8221;fontsize-155944&#8243; text_space=&#8221;fontspace-781688&#8243; separator=&#8221;yes&#8221; separator_color=&#8221;yes&#8221; separator_double=&#8221;yes&#8221; subheading=&#8221;Property owners of income generating commercial properties located on Woodville Road and in Northwood\u2019s Central Business District may be eligible for the Woodville Road Renewal Grant. See Woodville Road Renewal Grant Target Area Map for an exact location of the grant boundary.<\/p>\n<p>This grant is a 50% reimbursement of expenses directly related to qualifying building improvements to eligible commercial properties located within the target area. The maximum amount of matching assistance is $20,000. The property owner is responsible for maintaining improvements provided by this grant for a minimum of 5 years without alteration.&#8221;]Woodville Road Renewal Grant[\/vc_custom_heading][\/vc_column_inner][\/vc_row_inner][vc_empty_space empty_h=&#8221;2&#8243;][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2023%2F04%2FWoodville-Road-Renewal-Grant-Application.pdf|target:_blank&#8221; icon=&#8221;fa fa-map2&#8243;]Renewal Grant Application[\/vc_button][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2023%2F03%2FWoodville-Road-Renewal-Grant-Guidelines.pdf|target:_blank&#8221; icon=&#8221;fa fa-map2&#8243;]Guidelines[\/vc_button][vc_button size=&#8221;btn-xl&#8221; radius=&#8221;btn-square&#8221; border_animation=&#8221;btn-ripple-out&#8221; hover_fx=&#8221;outlined&#8221; outline=&#8221;yes&#8221; custom_typo=&#8221;yes&#8221; font_family=&#8221;font-380750&#8243; font_weight=&#8221;900&#8243; text_transform=&#8221;uppercase&#8221; border_width=&#8221;3&#8243; icon_position=&#8221;right&#8221; display=&#8221;inline&#8221; link=&#8221;url:https%3A%2F%2Fgrowinnorthwood.com%2Fwp-content%2Fuploads%2F2023%2F04%2FWoodville-Road-Renewal-Grant-Map.pdf|target:_blank&#8221; 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