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
Development Finance Authority of Summit County
The City of Hudson is included in the Energy Special Improvement District (ESID) established by the Development Finance Authority (DFA) of Summit County which allows Hudson businesses, non-profits, and government agencies to apply for Property Assessed Clean Energy (PACE) Financing. PACE financing is a tool that allows property owners to finance the costs of energy efficiency and renewable energy improvements through special assessments on their real property tax bills. Visit the DFA webpage for more information on the Jobs & Investment Bond Fund and Energy Efficiency Revolving Loan Fund.
Ohio Development Services Agency
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.
Contact us for more information on how we can help you locate and grow your business in Hudson.