Business and Industry | Ohio Community Reinvestment Area Program

Office of Tax Incentives 

Annual Report Entry -  New

The March 31st deadline for annual reports is quickly approaching.  This year the Department will not issue extensions or escrow penalties.  Please submit your annual report on or before Monday, April 2nd.

 

 

The Ohio Community Reinvestment Area program is an economic development tool administered by municipal and county governments that provides real property tax exemptions to businesses making investments in Ohio.

In order to use the Community Reinvestment Area program, a city, village, or county petitions to the Ohio Department of Development for confirmation of a geographical area in which investment in housing has traditionally been discouraged.  Part of the petition reviewed by the department is a housing survey performed by the respective city, village, or county.  Once an area is confirmed, communities may offer real-property tax exemptions to taxpayers that invest in the area.

To search for an existing Community Reinvestment Area or agreement, click here.

Businesses interested in pursuing this incentive should contact the local Community Reinvestment Area Housing Officer in the city, village, or county of the potential investment.

To search for a Community Reinvestment Area Housing Officer, click here.

If you have general questions on the Community Reinvestment Area program, please contact the Ohio Department of Development’s Tax Incentive Office by calling (614) 466-4312 or (800) 848-1300.