INCENTIVES AND FINANCING
Working closely with the City of Piqua, Grow Piqua Now is committed to creating and maintaining a positive environment to foster business growth in our community. From providing timely, in-depth information about sites and buildings to permit processing, Grow Piqua Now and the City of Piqua work hard together to make the process as seamless and effortless as possible.
Grow Piqua Now will also help you identify avialable incentives in an effort to attract additional jobs and new investments from our new and existing businesses. These incentives can be categorized into four general categories: Tax Abatement and Tax Credits, Grant, Low-Interest Loans and Workforce Development and Training Programs. Download a State of Ohio Overview of Incentives.
Tax Abatement and Tax Credits
Several programs available from the City of Piqua, the State of Ohio and the federal government are designed to encourage business growth through tax abatements and tax credits. The more widely-used programs include the Community Reinvestment Area (CRA) tax abatement program and the State of Ohio's Job Creation Tax Credit (JCTC) program.
Grants
There are a number of grants available to businesses in the City of Piqua for job creation and new investments. These grant programs provide additional incentives for compaines investing in new or expanded commercial and industrial projects. Grants typically require job creation or retention and may help with infrastructure, roadway construction or other project-related costs. The City of Piqua'sJob Creation Rapid Outreach grant can help provide assistance to businesses providing high wage jobs in the community.
Low-Interest Loans
Low-interest loans are another resource for economic development projects of all sizes. These resources include those provided by the City of Piqua, the Ohio Department of Development and the Small Business Administration. The City of Piqua offers two revolving loan fund programs for businesses locating or expanding in the community - the Microenterprise Development Revolving Loan Fund and the USDA Rapid Outreach Revolving Loan Fund. Other widely used programs include the SBA 504 Loan program and the State of Ohio 166 Loan program.
Workforce Development and Training
There are a number of organizations and resources dedicated to helping businesses find and train the right employees. This include pre-employment testing, skills assessments and customized training programs. The Miami County Job Center assists companies in job vacancy postings, employee recruitment, pre-screening, skill assessment and skills matching. Additionally, with access to the training resources at the Upper Valley Joint Vocational School and Edison Community College, businesses looking to grow in Piqua are sure to find the right training resources.