Business Incentive Packages
The Village of
Whitehouse welcomes new business and industry to locate here!
We offer competitive incentive packages - please contact Mr. Dennis
Recker, Village Administrator, at 419-877-5383 for further information.
Enterprise
Zone (EZ) Tax Incentive Program
Eligibility
Companies expanding and creating jobs
Requirements
- Invest
a minimum of $100,000
- Create a minimum of 5 jobs paying at least 150% of minimum wage
- All other State rules and regulations apply
Rates/Terms
Maximum
75% for 10 years
Job
Creation Grant Program
Eligibility
- Companies investing in Whitehouse and creating new jobs
- Retail commercial companies are not eligible
Requirements
-
Create at least 5 new jobs
- Generate at least $100,000 in new annual payroll
- Be current on all taxes, assessments, etc.
Rates/Terms
- Maximum
8 year grant
- Maximum $20,000 per year
- Amount of grant is .005 times the new payroll
- Number of years determined by number of new jobs created
Community
Reinvestment Area (CRA)
Eligibility
For new construction or renovation projects in designated CRA
Requirements
- Invest
in new real property improvements
Rates/Terms
-
Tax abatement of 100%
- 10 years for new construction; 7 years for renovation