Mist
65.5
As of: 3:56 am
>> for detailed weather

Events Calendar
«September 2017»
SunMonTueWedThuFriSat
272829303112
3456789
10111213141516
17181920212223
24252627282930
1234567
Upcoming Events
No Coming Events for Economic Development

News and Updates
No News Items
Financing Tools

The needs of every individual business differ and require creative solutions when considering relocation, retention, and expansion decisions. Pickerington’s economic development staff is prepared to work with you to customize a plan that meets your needs.

Below are some of the ways the City can assist your business:

CDBG & EDA Revolving Loan Fund Programs

New and expanding businesses unable to finance their activities through conventional funding may be eligible for Fairfield County loan programs. Up to 50% of project costs for fixed assets may be funded with low-interest loans. Fixed assets and infrastructure investments are eligible.

Community Reinvestment Area (CRA)

A tax exemption (abatement) may be granted for residential, commercial, or industrial property. There is a minimum investment requirement that varies, depending upon whether the project involves a remodeling of existing property or the construction of new property.

Pickerington currently has three CRAs. Within this zone, new investment is eligible for tax abatement on the value of new improvements for up to twelve years.

Fairfield County Enterprise Zone

Certain businesses locating in Pickerington may be eligible for real estate or personal property tax exemptions at up to 75% of the increase in value for a period of up to ten years. Eligible participants in the program must meet the jobs creation and investment objectives of the program.

Tax Increment Finance Districts (TIFs)

The City of Pickerington currently has a number of active TIF districts. Creation of a TIF district for areas of new commercial or industrial development can significantly lower infrastructure costs for new businesses locating in Pickerington.

To discuss how the City may be able to assist with your project, please contact the Economic Development Department at 
(614) 641–2436.