Tax Incentives

Sycamore Crossing will work with companies to structure a tax incentive program that will help companies locating in the park to prosper. Here are several ways in which tax incentives can be a part of your building project.

NO LOCAL CORPORATE OR PERSONAL INCOME TAX

Sycamore Crossing is unique in that it provides centralized sewer and water without imposing local corporate or personal income taxes on businesses locating at the park. This means that companies that locate in the park are not subject to local income tax on their corporate earnings and employees. However, if the employee lives in an incorporated area they are subject to those taxes.

THE ENTERPRISE ZONE

The Enterprise Zone (EZ) is the single most important economic development incentive local government can offer in Fairfield County. The program offers significant (50-75%) property tax savings to non-retail companies on new investments in real estate for up to 15 years. Projects in Sycamore Crossing are eligible for this tax exemption. Fairfield County Department of Economic Development is the manager of Enterprise Zone. The Sycamore Crossing staff will assist eligible projects to access these attractive benefits.

TAX INCREMENT FINANCING (TIFs) AND OTHER BUSINESS INCENTIVE PROGRAMS

The Sycamore Crossing staff is very well versed in numerous tax incentive programs throughout Fairfield County and the State of Ohio, including tax increment financing which is used for the financing of public improvements. We will work with companies to maximize their individual tax incentive package to ensure the highest level of cost efficiency.