Develop Downtown
Incentives, easements, and other resources are available to support your project. Our Economic Development team makes navigating city, county, state, and federal programs easy. From permitting and approvals to connecting with the appropriate contacts, we help streamline the path forward so you can focus on building.
Incentives + Resources
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Tax rate freeze on 15 years of additional assessed value for residential construction or building conversion.
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Financial discounts and/or infrastructure improvements for a project.
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Tax reductions on commercial projects.
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Construction or renovation projects that create affordable housing units (minimum of 20% of units within the project), defined as 100% of Area Median Income (AMI) are eligible for incentives ranging from 85-100% tax reduction.
Why Downtown Cleveland?
Downtown Cleveland is where a vibrant urban core meets two shimmering shores.
From casting a line at Voinovich Park or visiting the Rock & Roll Hall of Fame on Lake Erie to kayaking or dining along the Cuyahoga River, our dual-waterfront-downtown bustles with commerce and recreation. Between our waterfronts sits a storied city center brimming with energy. Our star-studded food scene, tapestry of local retailers, and unique destinations provide the urban experience that keeps people coming back for more.