Thank you for your interest in investing in Galion. This page contains helpful information for starting a business as well as economic development incentives that are available.
Community Reinvestment Area
The City of Galion is designated as a Community Reinvestment Area. CRA incentives are temporary abatements of real property tax for eligible renovation or construction projects - both residential and commercial. Abatements are determined on a case by case basis by the Housing Council, as authorized under Ohio Revised Code 3735.69:
"(A) ...The council shall make an annual inspection of the properties within the community reinvestment area for which an exemption has been granted under section 3735.67 of the Revised Code. The council shall also hear appeals under section 3735.70 of the Revised Code."
Any increased property value after the project is completed, as assessed by the county auditor, gets abated for the negotiated term. Click here to view examples of incentives.
The Enterprise Zone Program offers tax exemptions for manufacturing, distribution or service-related projects only. Retail projects can apply through the CRA program. Exemptions can be offered to effectively abate up to 100% local real property taxes for a period of up to 15 years. The local school board must agree to any abatement over 75% prior to the company going forward with the qualifying project.
The Crawford County Partnership For Education and Economic Development can help to secure other financing incentives. Click here to visit the Partnership website.