Economic Development in Trotwood, Ohio
The City of Trotwood has established the Trotwood Community Improvement Corporation (TCIC) as the primary entity for Economic Development programs. Working closely with City Departments, the TCIC works with businesses of all sizes to locate and grow their businesses in our community. To learn more about our programs and opportunities in Trotwood, see below or contact us to learn more.
Below we cover the following:
Below we cover the following:
- Site Locating and Sites/Buildings
- Local Incentives and Development Financing Tools
- Economic Zones
- Regional and State Partners
Site Locating
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A key feature of the City of Trotwood is that it is a land rich community, giving businesses seeking to locate in the community significant room to expand and multiple options. Additionally, our community is home to facilities available for reuse and retrofit to give your business the space it needs to operate. Contact us if you are interested in learning more about the opportunities in Trotwood.
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Below are other resources for searching for available property in Trotwood, Ohio
Local Incentives and Financing Tools
The City of Trotwood has several tools available to assist businesses in developing property within our community. Below is an overview of these available incentives and financing tools. Contact us to learn if these programs can work with your development.
CRA Tax Abatement |
The CRA Tax Abatement program provides an abatement on the increased value in property taxes as a result of the improvements made to the property, as determined by the County Auditor. This tool can be used for Residential/Housing, Commercial and Industrial developments or retrofits. Commercial and Industrial projects are negotiated with the CRA Housing Committee, which is directed by the Trotwood CIC Executive Director. Residential projects have set terms which you can learn more about by clicking here. To learn how this might apply to your project, contact us to learn more.
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Tax Increment Financing |
For specific development projects requiring new infrastructure, the City of Trotwood has the ability to utilize the Tax Increment Financing (TIF) tool to assist developments with financing the infrastructure of the development. Typically, TIF's are only utilized in sizable developments like neighborhoods or larger industrial or commercial developments. To learn more about if this tool is eligible for your development
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PACE Financing
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The City of Trotwood has established an Energy Special Improvement District (ESID) to allow for property owners and developers to be able to utilized Property Assessed Clean Energy (PACE) Financing. This allows for financing of energy efficient improvements to be financed through the payment of the financing through special assessments applied to the property taxes.
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Economic Zones
The City of Trotwood is home to several types of Economic Zones, which provide additional incentives and opportunities to developing or locating your business in these areas. See the zones as outlined below or contact us to learn more.
Opportunity Zone |
The City of Trotwood is home to a one Opportunity Zones Census Tract. This Tract is home to our Industrial and Commerce park, development able agricultural land, and a neighborhood prime for redevelopment.
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SBA's HUBZone |
The City of Trotwood has HUB Zone Eligible Areas. The HUBZone program fuels small business growth in historically underutilized business zones with a goal of awarding at least three percent of federal contract dollars to HUBZone-certified companies each year.
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Regional and State Partners
The City of Trotwood and Trotwood CIC work closely with county, regional and state economic development partners to bring all resources available to assist you in locating and growing your business in Trotwood. Below are some of those key partners:
Montgomery County Economic & Community Development |
Dayton Development Coalition (DDC) |
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