Incentive Programs | Youngstown/Warren Regional Chamber

Incentive Program - Calculators

Project Incentives

Real Property Tax Credit Calculator -

for use with Enterprise Zones and Community Reinvestment Areas

Enterprise Zones (EZ): Companies that locate in Youngstown-Warren EZ areas could be eligible for tax abatements on investments in real property (i.e. building construction/expansion/renovation) and/or tangible personal property (i.e. machinery, furniture, fixtures and equipment and/or inventory). The maximum allowable tax abatement is 75 percent (100 percent with school board approval). The maximum abatement term is 10 years (15 with school board approval).

Ohio Enterprise Zone - Adobe Acrobat 155K
Ohio Enterprise Zone Mahoning County - Adobe Acrobat 164K

Community Reinvestment Area (CRA): Designated Youngstown-Warren, Ohio, CRAs provide real-property tax exemptions for companies constructing or renovating a facility. Up to 100 percent of the value of building improvements/construction may be exempt from real property taxes for a maximum 15 years.

Community Reinvestment Area - Adobe Acrobat 127K

North Jackson Community Reinvestment Area - Adobe Acrobat 131K

Real Property Abatement Calculator

Enter Your Details & Click the Calculate Button

New Building Investment $
Effective Millage Rate (xx.xx) Click Here for Millage Rates by District
Percentage of Abatement %
Term of Abatement (years)

	Without Abatement	With Abatement
Tax on New Building Improvements
Total Taxes Due
Term value
Total Business Savings

Ohio Job Creation Tax Credit (JCTC): A refundable corporate franchise or income tax credit is available for businesses that expand or locate in Ohio. The JCTC is based on the percentage of state income tax paid by new employees. The maximum rate and term of the credit is 75% for 10 years. Most often, the JCTC falls in the 50 percent to 65 percent range. The tax credit can exceed 75 percent only at the recommendation of state officials. The JCTC requires that a business create at least 25 new full-time positions. The average wage of all new employees must be at least 150 percent of the federal minimum wage. A company that creates as few as 10 new full time jobs would be eligible if the average wage for all new positions is at least 400 percent of the federal minimum wage.

Ohio Job Creation Tax Credit - Adobe Acrobat 141K

Job Creation Tax Credit Calculator

Enter details & click the calculate button

Annual salary per employee	$
Number of FTE employees		year 1
Number of FTE employees		year 2 (cumulative)
Number of FTE employees		year 3 to term (cumulative)
Amount of withholding per employee	$
Tax Credit Percentage		%
Term of Tax Credit		years


	year 1	year 2	years 3 thru term
Total Payroll
Total Withholding
Annual Tax Credit
Total Value of Tax Credit Over Term

All information previously presented is intended to provide a general overview of incentive programs. For actual project eligibility and specifics, contact the Youngstown/Warren Regional Chamber.

Economic Development Home

The Regional Chamber
NE Ohio’s Source for Economic Development Information and Assistance
Metropolitan Tower · 11 Federal Plaza Central · Suite 1600 · Youngstown, OH 44503-1592
Phone: 330-744-2131 – Fax 330.746.0330
197 West Market Street · Warren, OH 44481-1024
Phone: 330-392-6140 – Fax 330.392.6040
Development@RegionalChamber.com · www.RegionalChamber.com