Community Reinvestment Areas

A Community Reinvestment Area (CRA) program is an economic development tool administered by the City of Oregon that provides real property tax exemptions for developers who renovate existing or construct new buildings within a CRA. Community Reinvestment Areas are areas of land in which property owners can receive tax incentives for investing in real property improvements to encourage development and revitalization. A CRA grants a shorter-term tax abatement that can help developments get off the ground. Contact us to find out where Oregon can provide CRA incentives.


Tax Increment Financing

Tax Increment Financing (TIF) is an economic development mechanism used by the City of Oregon to finance public infrastructure improvements and, in certain circumstances, residential rehabilitation. Payments derived from the increased assessed value of any improvement to real property beyond that amount are directed towards a separate fund to finance the construction of public infrastructure defined within the TIF legislation. TIF is a longer-term incentive that gives the City of Oregon capital to improve infrastructure that aids a development over time. The OEDF has close relations with the City of Oregon and can help developers to gain a TIF for their projects.

Discounted Land Sales

The City of Oregon and OEDF will, for the right development, sell land in their ownership for a reduced price compared to market value to developers. The City and Foundation have prospectively bought land and options for land for the sole purpose of economic development in our community. This incentive is given out on a case by case basis based upon a number of factors including the amount of jobs a development will bring and the equitability of the final product.

Oregon Economic Development Foundation Revolving Loan Fund

The Oregon Economic Development Foundation can also in securing gap funding for land and building acquisition, construction, equipment and working capital needs based on job retention and creation commitments. Project cannot begin until approved. Variable loan terms depending on need. Business must be located in the City of Oregon.

BetterBuildings Loan Fund

BetterBuildings offers financing for projects that focus on conserving energy and generating savings through equipment retrofits to existing facilities. The goal is to make cost-effective energy practices and technology more accessible to individuals, businesses and governmental entities across Northwest Ohio while also helping transform the way whole communities use energy.

U.S. Small Business Administration 504 Loan Program

This program provides long-term, fixed-rate financing to acquire major fixed assets such as land and building acquisition; building improvements including grading, street improvements, utilities, parking lots and landscaping; construction of new facilities or modernization, renovation or conversion; and the purchase of long-term machinery and equipment. At least 10 percent equity from the small business borrower is required.


Program provides a 3% interest-rate reduction on new or existing small business loans when the small business can commit to creating or retaining jobs in the State of Ohio. Available through the State Treasurer of Ohio and participating commercial lending institutions; formerly known as the Linked Deposit Program.

State of Ohio 166 Direct Loan Program

Long term fixed rate low-interest loans up to 40% not to exceed $1.5 million for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. Term based on useful life of the assets being financed and up to 15 years for real estate.

State of Ohio 166 Regional Loan Program

Long term fixed rate 3% interest loan up to 75% not to exceed $500,000 for land and building acquisition, building construction/renovations, leasehold improvements, machinery & equipment. Term based on useful life of the assets being financed and up to 15 years for real estate.

Innovation Ohio Loan Fund

Loans for acquisition, construction, and related capital costs of technology, facilities, and equipment purchases. Fund created to assist existing Ohio companies in development next-generation products and services within the state’s Industry Sectors up to 75% ranging from $500,000 to $1.5 million.

Ohio Enterprise Bond Fund

Provides revenue bond financing through an S&P rated fund, whereby proceeds from the sale of bonds are loaned to companies for fixed-rate, long-term capital asset financing. Rates are market-driven and fixed prior to funding. Loan terms range between 7 to 10 years for equipment and 15 to 20 years for real estate. Up to 90% financing of eligible costs from $2,000,000 to $10,000,000

Financing Resources

Alternative financing options are available through OEDF partners like the Toledo-Lucas County Port Authority and Jobs-Ohio. Financing opportunities are available for machinery and equipment purchases, energy saving equipment, new construction and public utilities necessary for communities to supply needed utilities to businesses.

Training & Workforce Support

The OEDF supports businesses with recruitment of their workforce and can provide resources for training. Grant funds for workforce training may be available for businesses that meet certain eligibility requirements.

Grant Opportunities

Some OEDF partners offer grants to businesses that are investing in machinery and equipment, expanding their workforce, adding new real property or providing their workforce with safety equipment.

Small Business Support

The OEDF partners with the Eastern Maumee Bay Chamber of Commerce to provide small business owners and entrepreneurs with opportunities to obtain financing and with resources to support their efforts to initiate or expand their businesses. Contact the OEDF for more information.

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