Vandalia’s Economic Development activity in the past several years has been quite notable with recent projects including: Carter Express, White Castle, All Service Plastic Molding, The Eco Groupe, Inc., and Aptalis. A great deal of this credit goes to the support and the direction of our City Council, and the progressive approach to working with the Business Community. Whether your business is existing within the city limits, or whether you are considering Vandalia as your new location, our development team will listen to your goals and objectives.
Once we have a chance to discuss your project, we will move swiftly to find “The Perfect Fit” for your development needs. See below for a summary of business incentives:
A Montgomery County-based grant that can offset the costs of land, capital improvements or relocation. Awarded semi-annually, Vandalia projects have received more than $1 million over the past five years.
CRA Tax Abatement up to 15 years at 100%
Community Reinvestment Area. In the primary development areas of the city, property improvements are the key to job growth. This incentive will allow you to build and avoid tax consequences for a period of up to 15 years.
Payroll Based Tax Incentive
Vandalia can potentially offset a portion of your local tax liability, based on the projected payroll over a period of years.
Vandalia Development Corp VIP Grant
With projects that create at least 20 jobs, the Vandalia Development Corporation will consider assisting with a grant to reduce your total project costs.
JobsOhio Tax Credits and Loan Programs
Tax credits and low-interest loans from the State of Ohio that are geared towards winning your business and getting deals to the finish line.
Business First! – Resource Partners
From utilities to workforce recruitment, we put you in contact with a wide range of resource partners to get your project moving on the fast track to completion.