Taxes:

Local Income Tax - 1.5%
Local School Tax - .5%
State Income Tax - 7.5%<$200,000; 6.9%>$200,000, graduated
Sales & Use Tax - 7%
Real Property Tax - $54.22/$1,000 (2004) Valuation - 35%
Personal Property Tax - $89.60/$1,000 (2004) Valuation - 23%
Inventory Tax - $89.60/$1,000 (2004) Valuation - 23%

Tax Incentives & Other Programs:
Community Reinvestment Areas 1, 2, 3, & 4 -

• Type of Exemption - Real Property Improvements
• Level of Exemption - Up to 100% of investment - All exemptions are negotiated (Area #4)
• Period of Exemption (Areas 1-3) - Up to 10 years for remodeling & new construction (certain uses ineligible)
• Period of Exemption (Area 4) - Up to 12 years for existing commercial & industrial facilities and up to 15 years for new commercial & industrial facilities (certain uses ineligible) 

Enterprise Zone -

• Type of Exemption - Real Property Improvements and Personal Property
• Level of Exemption - Up to 75% of investment - all exemptions are negotiated
• Period of Exemption - Up to 10 years

Revolving Loan Fund
Perrysburg Economic Development Financing Programs
Member - Wood County Economic Development Commission

State Route 25 Employment Corridor
Area consisting of over 4,800 acres, identified in the City's Comprehensive Land Use Plan as the primary location for future large scale development. The City has improved the corridor by installing extensive water main and sanitary sewer infrastructure. With infrastructure and tax incentives in place, this Corridor is poised for rapid development.

Joint Economic Development Zones: 4

Economic Development Facilitator
The Administrator is the primary contact person to guide developers through the permit process, to be a resource, and work with applicants to overcome obstacles they may encounter in locating or expanding in the City. The Planning & Zoning Division coordinates the review and permit process to avoid unnecessary inconveniences and potential time delays.

Planned Business Park Zoning Classification
To encourage creative, quality developments of high character promoting a "campus ethic" for large tracts of land.

Economic Development Assistance Products

1. Revolving Loan Fund (RLF) – The City’s RLF assists new and existing businesses or industries retain and create private sector job opportunities principally for low and moderate income persons.  Eligible activities include land/building acquisition, building construction/addition/renovation and machinery/equipment purchases.  Up to $25,000 per job or 50% of the total eligible project costs can be requested.  Low, fixed interest rates (between 3-7%) and negotiable terms are available.  

2. Enterprise Zone (EZ) – The City has designated areas to provide local and state tax incentives that include up to 75% exemption on real property improvements or tangible personal property tax valuation for up to 10 years.  Businesses must finalize an Enterprise Zone agreement, agree to retain or create jobs and establish, expand, renovate or occupy a facility within an Enterprise Zone. 

3. Joint Economic Development Zone (JEDZ) – The City has a JEDZ established with the City of Toledo since January 6, 1993.  The purpose is to have Toledo provide water service to properties annexed to Perrysburg.  The agreement calls for a split of the Perrysburg income tax generated in the JEDZ (Perrysburg – 0.885%/ Toledo – 0.615%).  The agreement is in effect until December 9, 2027.  

4. Community Reinvestment Area (CRA) – The City has two designated CRA’s where non commercial, retail or residential property owners can receive direct tax incentives to renovate an existing building or construct a new building(s).  Tax exemptions are granted up to 75% for 10 years.  Payment in lieu of taxes is made to the Perrysburg Schools and Penta vocational districts.  

5. State Route 25 Employment Corridor – State Route 25 represents the largest geographical area of concentrated growth in the City.  The area, consisting of over 4,800 areas, is identified in the City’s Comprehensive Plan as the primary location for future development.  The City has improved the corridor by installing extensive water main and sanitary sewer infrastructure.  Chapter 1245.29-Corridor Overlay of the Planning and Zoning Code provides provisions to encourage land assembly with limited access, and promote architectural design continuity.  

6. Jobs Grant Program – Job creation and retention program involving the use of grants to be used to attract new job opportunities to the City and for existing businesses to expand.  The amount granted may be up to one-third of the amount paid in municipal income tax in the first year.  The grant is based on a minimum of $2 Million of new payroll attributed to new jobs.  The grant will be for a fixed number of years, not to exceed 5 years. 

7. Port Authorities – Wood County has one Port Authority:  The Northern Wood County Port Authority. 

8. Wood County Economic Development Commission – The City has been a member since 1993.  Assistance is provided in gaining low-interest financing for expansion/attraction projects.  Eligibility for most are linked to job creation, leveraging ratios and maximum funding levels.  

·        Industrial Revenue Bonds (IRBs) – A form of low-interest tax exempt financing to qualifying manufacturing projects whose total 3-year investment is under $10 million.  Additional sources of bond financing are available for other types of projects.

·        State of Ohio Direct Loans – Available for land and building acquisition, expansion or renovation and equipment purchase.  The program can provide up to 30% of total eligible fixed cost up to $1 million.  A minimum of 10% equity investment and 25% bank financing is required.

·        State of Ohio Linked Deposit Program - Companies headquartered in Ohio with 150 or fewer employees are eligible for this reduced rate financing.  The loan is from an eligible Ohio bank, subsidized by the State through a 3% discount or $25,000 for every new job created.

·        Job Creation Tax Credit – Enables a business to receive a tax credit against it’s State corporate income tax on new, full-time employees.  Applications that create at least 25 new full-time jobs within 3 years are evaluated on an individual basis, however the resultant credit averages 50-60% over a 10-year period.

·        Manufacturing Machinery and Equipment Tax Credit – Provides businesses with the opportunity to receive a 7.5% tax credit on incremental increases in machinery purchases above their three year average investment.  The credit is divided equally over seven years.

9. Wood County Employment Resource Center– The Wood County Workforce Board was established to advise and assist in planning coordination and monitoring of the WCERC programs and services including business, labor, education, government, youth activities, and consumers.  A wide variety of services are offered to assist local companies with recruitment, training, and other placement needs.  Individuals can receive core, intensive and training services.