Economic Development Programs
City Income Tax Credit
The City of Johnstown offers an income tax credit that is individualized to each business locating to the City. Factors that influence the discretionary award include job creation, total annual payroll and average hourly wage. Contact the City Manager for more information.
City Community Reinvestment Area (CRA)
The Community Reinvestment Area (“CRA”) program provides a real property tax exemption for businesses who commit to renovate existing or construct new buildings and develop housing. The City uses the CRA program to designate areas in order to encourage development of new structures. Johnstown has four Community Reinvestment Areas (CRA) in the municipal boundary.
The CRA’s were created to encourage new private investment, encourage property revitalization, increase economic development activity, and stimulate job creation.
The CRA’s provide property tax incentives for investment in qualified retail, commercial and/or industrial property improvements related to the renovation of existing or construction of new buildings within the designated areas.
State of Ohio
Ohio offers performance-based incentives to assist companies that are starting, relocating or expanding operations in the state. Funding decisions are based on a number of project factors, including but not limited to job creation, payroll figures, fixed-asset investment commitment, project location and project return on investment.