The City of Shelby has a variety of incentives available through local, county, and state programs to benefit business and industry. The Chamber President is a certified Economic Development Finance Professional and is familiar with incentives and resources available to assist small and large businesses.
Enterprise Zone:
The City of Shelby is an identified enterprise zone. Local tax incentives (tax abatement) are available for industries that expand or locate in Shelby.
Community Reinvestment Area:
The City of Shelby expanded its CRA zone to include the entire city limits in June 2008. Local tax incentives (tax abatement) are available for residential and commercial property owners that renovate existing or construct new buildings. For additional information regarding Shelby's CRA program, please visit the City of Shelby web-site at www.shelbyohio.org/cra.htm.
Richland County Revolving Loan Fund:
The City of Shelby is able to assist businesses with financing opportunities through the Richland County Revolving Loan Fund. This fund is administered by the Richland County Regional Planning Commission. The Shelby Chamber represents Shelby on the Loan Review Committee. Please visit the Regional Planning web-site at www.rcrpc.org for more details on this revolving loan fund.
Foreign Trade Zone (FTZ 181):
Foreign Trade Zone 181 was recently expanded to include all of Richland County. Mansfield currently has active foreign trade zone activity. With the expansion of FTZ 181 to include all of Richland County, opportunities exist in Shelby for foreign trade zone applications.
State of Ohio Incentives:
Various incentives are available through the State of Ohio to assist business. The Shelby Chamber of Commerce President is certified in economic development finance and is familiar with the financing opportunities available through the State of Ohio. The Shelby Chamber works closely with the Ohio Department of Development and the Small Business Development Center staff to provide clients with the resources to assist them in their business endeavors. |
