8090 Howe Industrial Pkwy

The utilities at the site have been verified for capacity (including redundancy.)

Existing Income Tax Incentives

The city provides municipal grants based on local income taxes collected. Canal Winchester collects a 2% income tax on all payrolls paid to employees by their employer for work performed in the City of Canal Winchester. Up to 50% of the income taxes collected could be paid back to the employer through a grant, based on the total collection of payroll withholdings from the employees. The term for this incentive can be up to 8 years (e.g. Company A has a payroll of $5 million. City collects 2% income tax of $100,000 each year. 50% or $50,000 is granted back to the employer as an incentive to continue growing their payroll in Canal Winchester.

Existing CRA or Enterprise Zone (property tax abatement)

The property is located within a designated Community Reinvestment Area (CRA) known as Canal Winchester Community Reinvestment Area #2. This CRA is a pre-1994 CRA which allows for a 15 year, 100% property tax exemption on the value of all improvements made to the site. This incentive is an “as-of-right” incentive that requires only a simple application to be filed and accepted by the City at the time of issuance of a final certificate of occupancy for any new building or building improvements.

Foreign Trade Zone

The site is within the service area of Foreign Trade Zone #138. The City of Canal Winchester and Fairfield County will support a site specific designation for this property to be able to benefit from FTZ status. FTZ #138 is administered by the Columbus Regional Airport Authority. Designation can typically be accomplished within 60 days of application.

Existing Grant Programs

The City of Canal Winchester has the ability to provide discretionary grants through the community improvement corporation, Canal Winchester Industry and Commerce Corporation. These grants are typically done as a forgivable loan for a term of five years. The recipient must stay at the site for the entire term of the loan and then at the end of the term the amount of the loan will be 100% forgiven. A custom incentive package will be prepared for this project to meet the needs of your client.

Financing Programs / Opportunities

The Columbus-Franklin County Finance Authority offers a number of Financing programs that would allow for them to construct the building and offer it at a below market rate lease with the option to purchase at the end of the term. This option also has the benefit of allowing all construction materials purchased to be exempt from sales and use taxes that would allow for significant savings on construction costs and therefor also on the lease rates of the building. The lease terms and rates can also be flexibly structured to allow the company to maintain the start-up capital that it needs to begin operations in Central Ohio. To learn more about the program please visit http://columbusfinance.org.

Fairfield County Workforce Development Training Grant

The Workforce Development Training Grant (WDTG) is a program that may be used as an incentive to attract new jobs or expand jobs with existing companies by offsetting the cost of training new employees. It would be structured as a reimbursable program, for a specific dollar amount, spread over a certain number of years. Defined rules outline which training costs would be permitted for reimbursement. The company would be reimbursed for eligible expense to pay for training expenses, like books or manuals, or to pay salaries for in-house trainers. In the agreement, terms would be identified to include, but would not be limited to, performance activities, terms of agreement, compensation amount, conditions of payment, training and maintenance of operations, reporting requirements, suspension/termination clauses, severability, records, audits and inspections, and other defining terms of the agreement. The range would be commensurate to the number of jobs created, but could reach as high as $100,000 total. It would be enacted through individual agreements and resolutions with the Fairfield County Commissioners in the State of Ohio.

Environmental Permit Process

The site is zoned for industrial development

Village of Canal Winchester - Diley Road Assessment Project

Per Acre Annual Assessment