Economic Incentive Programs

The City of Kettering Economic Development Program is committed to assisting current businesses as well as potential businesses in their journey to growth and success. We employ a variety of programs to encourage economic growth.

 

City of Kettering Business Loan Program

The City’s Business Loan Program is designed to provide gap financing to businesses that are planning to locate in the City, expand their business and/or rehabilitate their present facility.
Funds are available on a first-come basis. Applications are reviewed by City staff and approved or disapproved by a Loan Review Committee.
For more information, please contact our Economic Development Manager.

Economic Development/Government Equity (ED/GE)

This countywide program is comprised of two components – one is a direct grant making fund for economic development and the other is a tax revenue sharing program.
Projects which are chosen
1) retain or create jobs;
2) expand the local tax base;
3) provide infill growth in areas where infrastructure is already in place;
4) have a committed business as the end user.
For more information, please contact our Economic Development Manager.

MicroEnterprise Grant Program

Small business is the lifeblood of Montgomery County. That’s why the MicroEnterprise Grant Program was developed to help small, for-profit companies in Montgomery County grow their business through grants from $2,500 to $25,000. With an emphasis on socially and economically disadvantaged businesses, we deliver working capital to help you succeed.
To be eligible for the MicroEnterprise Grant Program you must meet the following requirements:
  • Small, for-profit business with fewer than 5 employees
  • Total sales revenue must be less than $500,000
  • Business must be established for a minimum of 12 months
  • Store-front business only – no home-based, 2nd income
For more information, please contact our Economic Development Manager.

 

BusinessFirst!

The BusinessFirst! Program uses a customer-oriented approach to economic development designed to link businesses to resources in the community. The BusinessFirst! team is a coordinated group of more than 50 government agencies, development organizations and nonprofit corporations.
The goal of the program is to provide a single point of contact for all of your business needs. An Outreach Specialist, a professional in the economic development community, will learn more about your business and help to identify area resources to help you succeed in today’s competitive environment.
For more information, please contact our Economic Development Manager.

 

Small Business Administration (SBA) 504 Loan Program

This program generates fixed asset loans for small business expansions. These loans are well suited for construction and renovation projects.

For more information contact County Corp at 937-225-6328.

 

Kettering Incentive Program

This program is a direct payment, on an annual basis, for existing Kettering companies that create new jobs or to established businesses that relocate to the City.
The company must create new jobs or relocate jobs to the City and invest in personal and/or real property.
For more information, please contact our Economic Development Manager.

 

Ohio Job Creation Income Tax Credit

State and municipal tax incentives for businesses that expand or locate in Kettering. State guidelines regulate the type of business and projects eligible for this incentive. A business can receive a refundable tax credit against its corporate franchise/income tax based on the state income tax withheld on new, full-time employees.
For more information, please contact our Economic Development Manager.

Ohio Investment in Training Program

This program provides financial assistance and technical resources for customized training involving employees of new and expanding businesses.
For more information, call 937-296-2412.
For more information, please contact our Economic Development Manager.

 

Economic Development Department
City of Kettering
3600 Shroyer Road
Kettering, OH 45429

Phone (937) 296-2412
Fax (937) 296-2550
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