The Jefferson County Port Authority can help connect your business with available incentives and financing opportunities.
State Financing and Incentives
The Jefferson County Port Authority is the local point of contact for funding opportunities that are available through the State of Ohio and JobsOhio:
Ohio Development Services Agency (DSA), including
Ohio State Treasurer’s Office
GrowNow Small businesses seeking to create or retain jobs in Ohio can receive up to a 3% interest rate reduction on new or existing small business loans.
ReEnergize Ohio Small businesses can receive up to a 3% interest rate reduction on new or existing small business loans when used for energy-efficient upgrades.
Ohio Revised Code empowers port authorities such as the Jefferson County Port Authority with a variety of financing abilities, including issuing revenue bonds, utilizing sales tax exemptions on construction materials, accomodating TIFs and other financing abilities. We will work with you to determine and implement the best assistance available for your business.
Revolving Loan Fund
Revolving Loan Fund (RLF) programs offer low-interest financing to businesses in conjunction with a bank loan. RLF’s are available for small businesses in Jefferson County through OMEGA and The Finance Fund.
The Jefferson County Industrial Park, most of downtown Steubenville, and portions of Toronto are designated Enterprise Zones, enabling businesses located there to receive tax incentives in the form of tax exemptions on eligible new investment. The JCPA manages the Enterprise Zone for the Jefferson County Commissioners. Learn more about the Ohio Enterprise Zone program.
CRA – Community Reinvestment Target Area
Tax abatements are available in a target area in the City of Steubenville through the Community Reinvestment Target Area(CRA) program. Property owners within the target area are eligible to apply for tax abatements for real property improvements or new construction. The target area is located primarily in the eastern portion of the city. Learn more about Steubenville’s CRA program (pdf).
The Historically Underutilized Business Zones (HUBZone) program helps qualified small businesses located in a HUBZone to gain federal procurement opportunities. Portions of Steubenville and Toronto contain HUBZones. Learn more about the HUBZone program.