Businesses must agree to create at least 25 new, full-time jobs within three years of operation. Local real property tax incentives for businesses that expand or locate in Kettering. Up to 100 percent exemption of the value of real property improvements for up to 15 years. The term of the exemption is established by the City of Kettering, but cannot exceed 15 years on new construction or 12 years on major renovation projects. Loans are organized to cover 40 percent of the project cost, at a fixed interest rate, with maximum term of 20 years, based on the asset financed.
Funds are available on a first-come basis.
Applications are reviewed by city staff and approved or disapproved by a Loan Review Committee. 504 Loan Program - Loan program which can assist in costs related to the acquisition of land and buildings, purchase of capital equipment, and construction costs.