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The City of South Euclid is proud to offer a variety of incentive programs as a major component of our business retention/attraction efforts. This page is designed to be a resource for all incentive programs offered by the City, County, and State. This page is updated frequently with the intent of including all incentive programs applicable to our businesses. Please explore the programs below, and feel free to contact any Member of the City’s Development Team for more information.
City Business Incentive Programs
Cuyahoga County Business Incentive Programs
Cuyahoga County Department of Development
State of Ohio Business Incentive Programs
Ohio Treasurer’s Office Offers the GrowNOW Low-Interest Loan Program to Small Business:
Ohio Department of Development
Energy Incentive Programs
The first two programs pay for professional energy audits to be conducted at your facilities.
A. COSE Small Business Energy Efficiency Program: www.smallbizenergysaver.org This program pays up to $500 for a professional energy audit for any business which spends less than $150,000 in annual energy costs. You do not need to be a member of COSE to apply for this Program. Currently, there is no funding available to pay for improvements the audit suggests, but this may change. The Program runs through December 15th.
B. Ohio Energy Office Energy Efficiency for Manufacturers Program: www.development.ohio.gov/ This is a three-part program beginning with an on-line energy audit with 100% of the cost funded by the State Energy Office. Part II consists of a physical energy audit, of which the State will fund 50% of the cost of, up to $15,000. Part III is then actually implementing the improvements suggested in the audit, the funding for this part has yet to be determined. This program is targeted to companies which spend over $150,000 in annual energy costs, and is especially for those which spend over $350,000 annually.
C. FirstEnergy Offers EnergySaveOhio, an Energy Efficiency Program for Businesses, Please Click Here for more information.
The City of South Euclid is a member of the Northeast Ohio Advanced Energy District (AED). The AED is a Special Improvement District which allows for commercial and industrial property owners to finance the cost of installing renewable energy technologies and making energy efficiency improvements. Business owners receive the financing to make these improvements with no upfront costs. The property owner receives a 20-year assessment on his/her property tax bill in order to repay the costs of the energy improvements. Visit the AED Website,www.neoaed.org, for more information.
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  Economic Development Team Contacts:
Michael Love Economic Development Coordinator (216) 381-0400, mlove@seuclid.com
Keith Benjamin Director of Community Services (216) 381-0400, kbenjamin@seuclid.com |
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