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Business Assistance Programs
City of Solon
Job Creation Tax Grant
- Available to eligible businesses that will create within 3 years a minimum of 1) 50 new jobs or 2) $ 1,000,000 in new payroll and 20 new jobs. The annual grant may be awarded for up to 10 years and is calculated as a percentage (maximum 30%) of annual payroll taxes new to the City of Solon.Growth & Revitalization Incentive Program
- One-time grant to property owners or businesses to encourage redevelopment, improvements, or demolition of obsolete and fully or partially vacant industrial, office, and retail/commercial buildings. Storefront renovation projects do not have a building vacancy requirement. Grant is paid on a reimbursement basis after project completion.Enterprise Zone Tax Abatement
- Solon’s Enterprise Zone encompasses the industrial district in the southwest portion of the city. State law enables the city to offer abatement on real estate taxes for up to 75% for up to 15 years to eligible businesses seeking to establish, expand, renovate or occupy a facility and that will create new and/or preserve existing jobs.Community Reinvestment Area Program (CRA)
- As part of the new Central Retail District Community Reinvestment Area Program (CRA), commercial and mixed-use projects are now eligible for property tax incentives for both new construction and remodeling/renovation, provided they meet certain criteria, and subject to the terms of a development incentive agreement required to be negotiated on a case-by-case basis with the City and Solon Schools. Property owners and businesses within the Central Retail District interested in property tax incentives should contact the Economic Development Department early in the planning process to discuss your project.Get Connected
- Voice and data communications consulting services for potential and existing tenants and property owners, including review of service availability for local and long distance phone service, Internet connectivity, voice and data communications equipment, and premise wiring.International Business Development
- Resource information is available for local companies interested in international trade and foreign companies seeking a location in Northeast Ohio.
Relocation Assistance
- Listing of available office, warehouse, manufacturing, commercial space in the City of Solon, including lease/sale price and contacts. Available by mail, fax or the following websites:Available Properties and www.solonchamber.com. Customized assistance is also available by calling Angee Shaker at 440-337-1313.
Site Plan Assistance
- Businesses planning new construction, exterior renovations, or landscaping projects should contact Planning Director Rob Frankland, 440-349-6327, for assistance with site plan review and guidance through the approval process.Cuyahoga County
For information on available programs, contact the Cuyahoga County Department of Development at 216-443-7260, or visit www.development.cuyahogacounty.us.PACE Financing
Property Assessed Clean Energy Financing or PACE is a mechanism that allows a commercial property owner to finance energy efficiency and renewable energy improvement projects through assessments on their real property tax bills. PACE will offer financing for projects from $100,000 - $500,000 and interest rates as low as 2.5%. Visit the NOPEC site, www.nopec.org for more information.Team Neo
Team NEO is a regional economic development organization that offers business services including real estate and capital finance, incentives information, workforce data, expansion strategies, and business networking. For information, call 216-363-5400, www.teamneo.org.State of Ohio
For information on grants, loans, tax credits and other programs through the State of Ohio, follow this link: http://development.ohio.govEmployee Transportation
The Northeast Ohio Areawide Coordinating Agency (NOACA) can help groups form vanpools. An ideal vanpool group is of 5 or more commuters who travel long distances for work. For information on vanpooling, call Brenda Walker at 216-241-2414, ext. 282.NOACA also sponsors Ohio RIDESHARE, a free online ride-matching assistance program that helps commuters find carpool partners. For information, call 1-800-825-RIDE or visit http://www.noaca.org/index.aspx?page=193.
RTA Mobility Specialists are available to help employees who need transportation to connect with the right resources. Specialists serve each of the 11 County Neighborhood Family Service Centers based on residential location. To speak to a Mobility Specialist, please call 1-866-WTW-TRIP.
Cleveland Port Authority
For information on the following programs, contact www.portofcleveland.com or Garth Woodson 216-241-8004; .Fixed Rate Financing Program
provides long-term, fixed interest rate financing of $1 million to $6 million primarily for owner occupied industrial and commercial projects. Funds may be used for land and building acquisition, new construction, renovations as well as the purchase and installation of select machinery and equipment.Off Balance Sheet Financing
- Provides fixed rate, long-term financing of $3 million to over $100 million for expansion or relocation. The Port Authority finances, builds and owns the assets and leases them to the company. At the end of the original lease term, the company may exercise an option to extend the lease, buy the asset at the then-market rate, or vacate the premises.Contact Us
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Angee Shaker
Economic Development Manager
Address
34200 Bainbridge Road
Solon, OH 44139
Phone: (440) 337-1313
Fax: (440) 349-6330
Hours
Monday - Friday
8 am - 4:30 pm