Tax Incentive Programs

Community Reinvestment Area

The City has two Community Reinvestment Areas (CRAs).

Enterprise Zone Program

The City of Green Enterprise Zone Tax Incentive Program (EZ Program) allows qualifying companies that demonstrate sound financial responsibility and business experience to receive certain levels of real property tax abatement when new significant investments in land, buildings, and/or machinery and equipment are made.

Foreign Trade Zone

Foreign Trade Zone (FTZ) Number 181 contains 360 acres of industrial zoned land surrounding the Akron Canton Airport, offering certain manufacturers the potential for tax savings on imported goods.

Municipal Economic Development Grant Program

The City established a Municipal Economic Development Grant (MEDG) program to encourage companies to invest in existing buildings where other incentive programs do not apply.

Tax Increment Financing

Our community has established a tailored Tax Increment Financing (TIF) Program, which permits the City to declare improvements to certain parcels of real property to be a public purpose and allows us to recoup the increased taxes from the new development to finance various public improvement projects.