Business Incentives + Resources
The City of Cleveland offers a variety of loans and grants to help new and expanding businesses locate throughout the city, including downtown. Downtown Cleveland’s Economic Development team offers concierge services for businesses interested in city programs. Reach out to our team for more information. Click here to visit City of Cleveland’s Economic Development department.
Storefront Relocation + Expansion
Municipal Small Business Initiative
A grant that allows businesses to reduce their equity in a SBA funded project from the required 25% to 10%.
Neighborhood Retail Assistance Program
Provides financial assistance to neighborhood retail businesses, restaurants and merchants to upgrade the exterior and interior appearance of storefronts.
Equipment Loan Program
Long-term fixed-rate loans of up to $500,000 capped at 33.3% of total project cost. Loan terms are typically 5-7 years on equipment.
Working Capital Loan Program
Helps companies that need additional working capital beyond their traditional lines of credit by promoting low interest loans currently below 3%.
Office Incentives and Resources
Recruitment and Training Programs
There are programs and services to provide support to employers in Ohio, including recruitment, training, and more.
Job Creation Income Tax Credit.
rovides 50 percent annual tax credit based on a percentage of new income tax revenue as specified in individual economic development agreements between the City and applicants. Please contact our Economic Development team for an application to this program.
Tech Delta Program
Designed to supply financial assistance to tech and medical companies relocating or expanding within the City of Cleveland.
Working Capital Loan Program
Helps companies that need additional working capital beyond their traditional lines of credit by promoting low interest loans currently below 3%.