Thinking about locating your business in the Historic Town Center?
For information of available properties call 614 539-8762
The Grove City Development Department works with the local business community to promote retention and expansion of existing commerce within the City. Listed below are some of the incentive programs offered by the City:
Community Reinvestment Area (CRA): is an economic development tool that provides real property tax exemptions to land owners making investments in their property. Grove City has four (4) Community Reinvestment Areas including one in the Town Center that has recently been expanded. Properties within a CRA are eligible to receive real property tax abatement for real property improvements. To find out if you are in a CRA area, visit the Economic Development page at Grove City Ohio. Gov
Tax Increment Financing (TIF): is an economic development tool available to local governments in Ohio to finance public infrastructure improvements and, in certain circumstances, residential rehabilitation. There are five Tax Increment Financing (TIF) Districts within Grove City. A TIF aids in financing public infrastructure improvements and secures the taxable worth of real property at the value it holds during the time the corresponding authorizing legislation is approved. 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 the public infrastructure defined within the TIF legislation. To learn more visit Grove City Ohio. Gov
Town Center Commercial Revitalization (TCCR)
The Town Center Commercial Revitalization (TCCR) Grant Program is designed to assist businesses, non-profit, not-for-profit and building owners with improving commercial building and properties in the core area for the betterment of Grove City as a whole. The program was created in the spirit of the 1987 Downtown Redevelopment Project and was revised following the completion of the 2008 Town Center Plan as a means to further the implementation of the plan’s guiding principles.
Properties located in, adjacent to or across the street (and railroad rights-of-way) from the Town Center area as illustrated on Exhibit 1-A, attached hereto, are eligible to participate in the TCCR grant program. Additionally, exceptional circumstance for properties located within 400 feet of the program boundary may be granted program eligibility by City Council.
Owners or tenants of buildings that are used to conduct business or non-profit or not-for-profit activities or owners of residential units located above storefronts within the Commercial Core of Town Center. Prohibited businesses include national chains, check cashing, sexually oriented businesses, governmental or quasi-governmental agencies and other businesses determined by Council to be contrary to the goals and objectives of the Town Center Plan. Eligibility of non-profit, not-for-profit organizations shall be determined by proof of 501(c) status. Portions of buildings occupied by ineligible businesses may make the building ineligible for program funds.
Further, applicants requesting funding through the program must be current in their real estate property taxes and must be in good standing with all local, regional, state and federal taxing authorities.
Eligibility of proposed improvements for participation in the grant program is at the sole discretion of the City. Below are some examples of eligible projects:
- Façade painting/repair gutters and roofing on “new and existing construction”
- Exterior lighting
- Dumpster enclosures
- Structural repairs
- Permanent landscaping
- Window replacement or maintenance
- Parking lot (upgrades, replacement or striping)
- Awning and/or canopy (new, replacement or maintenance)
- Entryway enhancements, including ADA accessibility, and sidewalks
- Exterior furnishings (tables, chairs, and benches)
- Utilities, including electrical, HVAC and plumbing facilities (new, replacement or repair but does not include purchase or repair of appliances)
To learn more about this the TCCR Grant and to obtain an application, visit the Grove City Ohio.Gov page.