- Business Resources
- Incentives & Financing
Incentives & Financing
Local, Regional & State Financial Programs
To help you locate your business in Hudson, we offer local incentives to companies planning expansions or relocations. Incentives are provided on a case-by-case basis.
Local Business Assistance
Local opportunities for incentives include the following:
Community Reinvestment Act (CRA)
Real property tax exemptions may be offered for existing businesses planning to expand and to new businesses looking to move to Hudson. Exemptions of up to 100% for up to 15 years on the investment in a new industrial or commercial building or building expansion may be granted.
Job Creation Grant Program
Eligible businesses may be offered incentives to establish or expand operations in the City with plans to create and retain jobs, primarily in existing buildings. The City may offer an eligible company an annual grant payment based on a percentage of annual new employee payroll taxes collected by the City of Hudson.
Foreign Trade Zone (FTZ)
This program is a unique global supply chain management tool that assists U.S companies engaged in international trade by offering significant ongoing cost savings to help them compete in the global marketplace. The FTZ in northeast Ohio is a collaboration of Cleveland-Cuyahoga County Port Authority and NEOTEC, and includes Foreign Trade Zones No. 40 and No. 181.
Regional & State Business Assistance
The Ohio Development Services Agency (ODSA) offers a variety of bonds, grants, loans and tax credits that can also assist Ohio companies as they grow and create jobs in Ohio. Hudson works closely with ODSA to find the best program for your business. For more information, visit the ODSA webpage for Business Grants, Loans and Tax Credits. Or contact us for more information on how we can help you locate and grow your business in Hudson.
Office of Economic Development, Department of Community Development | City Hall | 1140 Terex Road | Hudson, Ohio 44236 | Phone: (330) 342-1893 | Email