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«January 2019»
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Business Incentives

Community Reinvestment Area (CRA)

Pickerington currently has a designated CRA in the Olde Pickerington Village. Within this zone, new investment is eligible for tax abatement on the value of new improvements for up to twelve years.

City of Pickerington Revolving Loan Fund

Business owners in the Olde Pickerington Village area may benefit from the City's fund created to help local downtown businesses ensure their buildings meet code requirements. Low interest loans are available for certain repairs and upgrades.

CDBG & EDA Revolving Loan Fund Programs

New and expanding businesses not able to finance their activities through conventional funding may be eligible for Fairfield County loan programs. Up to 50% of project costs for fixed assets may be funded with low-interest loans. Fixed assets and infrastructure investments are eligible.

Fairfield County Enterprise Zone

Certain businesses locating in Pickerington may be eligible for real estate or personal property tax exemptions at up to 75% of the increase in value for a period of up to ten years. Eligible participants in the program must meet the jobs creation and investment objectives of the program.

Tax Increment Finance Districts (TIFs)

The City of Pickerington currently has five active TIF districts. Creation of a TIF district for areas of new commercial or industrial development can significantly lower infrastructure costs for new businesses locating in Pickerington.

For more details on these and other available incentive programs contact the Economic Development Department at 614-833-2204, or email us.