"It takes a lot of civic and community support to build a high-growth startup in the middle of Downtown. The City of Columbus has helped our company immensely with job creation tax credits (which has allowed us to create more jobs), insight, and feedback. I can't think of a better place for entrepreneurs than Columbus."
Tanisha Robinson - Print Syndicate
Downtown Commercial Revitalization Area
: A designated area of land in Downtown Columbus in which property owners can receive a tax exemption related to eligible new investment in real property improvements. The CRA district allows the City of Columbus to negotiate exemptions on new property tax from investment for up to one hundred percent
(100%) for up to fifteen (15) years. Eligible businesses must invest in new building construction and/or improvements to existing land and buildings.
Downtown Office Incentive
: Businesses locating or expanding in Downtown Columbus may be eligible for the Downtown Office Incentive. This incentive involves a cash payment equal to fifty percent (50%) of the local income tax withholdings for eligible new employees for a negotiated term for a minimum of ten new jobs created and retained within the Columbus Downtown area.
Mile on High Incentives
: The Mile on High incentive is designed to assist existing businesses within a designated area in downtown Columbus. The Mile on High offers tax incentives, loans and matching grant funds for qualified businesses within the area. The Mile on High area is bounded by Spring Street on the north, Front Street on the west, Mound Street on the south and Fourth Street on the east.
Business Development Loan Fund
: A low-interest loan up to $100,000 for the acquisition of real estate and/or large equipment. This loan requires that a second lending institution match the Business Development Fund amount to comprise the principal. The creation of a minimum of one new job per $30,000 of City investment is required with 51% of the jobs created awarded to low-moderate income individuals.
Working Capital Loan Fund
: A low-interest loan up to $199,000 for the acquisition of real estate and/or large equipment. This loan requires that a second lending institution match the Business Development Fund amount to comprise the principal. The creation of a minimum of one new job per $30,000 of City investment is required with 51% of the jobs created awarded to low-moderate income individuals.
Revolving Loan Fund Partners
• Community Capital Development Corporation (CCDC)
• Finance Fund:
• The Economic and Community Development Institute:
Downtown Streetscape Improvements
: Funding specific to streetscape improvements for Downtown commercial and residential projects.