Business Incentive Programs
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, State, and private organizations. Please explore the programs below, and feel free to contact any member of the City’s Development Team for more information.
City of South Euclid Business Incentive Programs: .
The City of South Euclid, as a Community Reinvestment Area (CRA), is able to offer tax abatement on a case-by-case basis to large-scale commercial, educational, medical, and industrial projects.
The City of South Euclid is served by the Heights-Hillcrest Regional Chamber of Commerce (HRCC). Consider joining the Chamber for significant savings on health insurance, worker’s compensation, and energy. The Chamber also offers fantastic networking opportunities. More information on the HRCC can be found by visiting their website at www.hrcc.org.
Cuyahoga County Business Incentive Programs:
Cuyahoga County offers many incentive programs for a variety of businesses, including the new $100 Million Economic Development Fund. If interested in applying for any of the incentive programs below, please begin by contacting Michael Love at (216) 381-0400 or firstname.lastname@example.org.
State of Ohio Business Incentive Programs:
Ohio Treasurer’s Office Offers the GrowNOW Low-Interest Loan Program to Small Business: Grow Ohio Program
JobsOhio is the State’s new economic development agency. Programs offered through JobsOhio are administered locally through Team NEO and the Greater Cleveland Partnership. Please contact Michael Love at (216) 381-0400 or email@example.com for more information on how your business can benefit from the new JobsOhio.
Ohio Small Business Development Center
The SBDC is a free counseling service with a satellite office in Cleveland Heights City Hall. It provides new and existing businesses resources to grow and succeed.
Private Incentive Programs:
The City of South Euclid is proud to partner with a variety of private funders to offer low-interest loans and grants to our businesses.
COSE Energy Programs:
Energy Efficiency Audits for Businesses: Click Here for Information
DSE2 Rider Removal Program (resulting in significant savings on your electric bill): Click Here for Information
ECDI provides low-interest loans to businesses, including restaurants, which may have a difficult time obtaining financing. For more information on ECDI, please contact Vice-President Eric Diamond at (216) 456-2673 or firstname.lastname@example.org.
Please visit your preferred banker for more information on loans offered by the Small Business Administration (SBA).
The City of South Euclid has partnered with Employment Connection. Employment Connection acts as a placement agency, matching potential employees with employers who best meet their skill sets. Employment Connection is also able to offer grants to employers for workforce development and training. Friendly, experienced staff members accomplish this through personalized service and expert program recommendations. For more information, visit their website at: www.employmentconnection.us.
FirstEnergy offers an Energy Efficiency Program for Businesses, Please Click Here for more information.