We offer a variety of incentives and financing opportunities to help businesses and encourage development in Toledo.
Real Estate Incentives
Facade Improvement Grant Program
The Facade Improvement Grant program helps property owners transform the facade of commercial, industrial, and mixed-use buildings by providing a 50% matching grant to reimburse expenses incurred during a comprehensive facade improvement.
White Box Grant Program
The White Box Grant program helps property owners bring vacant commercial first-floor spaces up to current code to create a functional "white box" space ready for customization and occupancy by a business.
Commercial and Industrial Tax Abatement Program
This program provides real property tax abatement for the construction or rehabilitation of commercial or industrial structures within Toledo. The City of Toledo’s CITA program works to promote economic activity and job growth that would not have otherwise occurred
Residential Tax Abatement Program
This program provides real property tax abatement for the construction or rehabilitation of residential structures within Toledo. The City of Toledo’s CRA program works to promote housing development and rejuvenate existing housing stock within city limits.
Brownfield Assessment Grant
The Brownfield Assessment Grant provides funding to proactively conduct environmental assessments and remedial planning activities for brownfield sites. The program provides funding up to 100% of the eligible expenses, up to a maximum of $50,000 per project.
Brownfield Revolving Loan Fund
The Brownfield Revolving Loan Fund provides low-interest long-term financing and grant funding for the cleanup and subsequent redevelopment of brownfield properties. A "brownfield" is defined as an abandoned, idled, or under-used industrial, commercial, or institutional property where expansion or redevelopment is complicated by known or potential releases of hazardous substances or petroleum.
Business Financing
Enterprise Development Loan Program
Section 108 Loan
Flexible low-interest long term financing for a variety of business needs and uses. Loan terms up to 20 years at lower interest rates than those offered through conventional financing. Developer deals or income producing properties are also eligible. Minimum loan of $300,000.
Toledo Business Growth Fund
Are you a manufacturing company and need help growing your business? We're offering small business loans at competitive interest rates through the Toledo Business Growth Fund. This fund was established to support business growth and neighborhood investment. We're targeting businesses in downtown Toledo and revitalization areas of Toledo and we'll provide business advising and support along the way!
Payroll Incentives
Toledo Expansion Incentive Program
The Toledo Expansion Incentive program provides a monetary, performance-based grant to attract and retain businesses in the City of Toledo. The grant is based on the actual growth in annual municipal income tax that is generated from eligible new employees and payroll associated with the company’s project.
Municipal Jobs Creation Tax Credit Program
The Municipal Jobs Creation Tax Credit program provides a monetary, performance-based grant to attract and retain businesses in the City of Toledo. The grant is based on the actual growth in annual municipal income tax that is generated from eligible new employees and payroll associated with the company’s project.
Additional Incentives
Legacy Corridor Business Resilience Grant
The Legacy Corridor Business Resilience Grant is a pilot program designed to assist eligible businesses located directly on Legacy Commercial Corridors that are being improved by a City road reconstruction project. The program offers a grant of $5,000 for eligible operating expenses. For multi-year road reconstruction projects, additional awards may be available, subject to annual appropriations by Toledo City Council.