Community Reinvestment Area (CRA)

The Ohio Community Reinvestment Area program is an economic development tool administered by municipal and county government that provides real property tax exemptions for property owners who renovate existing or construct new buildings. Community Reinvestment Areas are areas of land in which property owners can receive tax incentives for investing in real property improvements

Terms of a CRA

The terms and length of the CRA are set by the municipality that it is located in. For a residential new construction or remodel, please contact your village office. For commercial or Industrial, please contact the Putnam County CIC.

Enterprise Zone

Enterprise zones are designated areas of land in which businesses can receive tax incentives in the form of tax exemptions on eligible new investment. The Enterprise Zone Program can provide tax exemptions for a portion of the value of new real and personal property investment (when that personal property is still taxable) when the investment is made in conjunction with a project that includes job creation. Existing land values and existing building values are not eligible (except as noted within rare circumstances).

Terms of an EZ

The terms of an EZ are an agreement set by the local officials. Please contact the Putnam County CIC for more information.

Tax Increment Financing (TIF)

Tax Increment Financing (TIF) is an economic development mechanism available to local governments in Ohio to finance public infrastructure improvements and, in certain circumstances, residential rehabilitation.

Terms of a TIF

The terms of a TIF are an agreement set by the local officials. Please contact your local officials and the Putnam County CIC.