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Cuyahoga County Based Business Services

The City of Parma Community Services & Economic Development staff can assist your business in accessing and utilizing County based programs for your expansion or relocation within Parma. 

  • Cuyahoga County Dept. of Development
  • Port of Cleveland Development Finance Overview

State of Ohio Based Business Services

The City of Parma Community Services & Economic Development staff can assist your business in accessing and utilizing State of Ohio based incentives for your expansion or relocation within Parma. 

  • Ohio Department of Development

Other Programs Offered to Business:

  • Enterprise ZoneReal and personal property benefits for business that expands or locates in Parma. Limited to industrial projects that agree to retain or create employment; establish, expand, renovate or occupy a facility in the Enterprise Zone and invest in new real and/or personal property prior to project initiation. Up to 75% exemption on real property improvements or personal property tax valuation for up to 10 years.
  • Community Reinvestment AreaProvides local real-property tax incentives for residents and businesses that invest in designated areas of Parma. Incentives available for residential, commercial, and/or industrial projects involving remodeling or new construction. Commercial and industrial projects must have an agreement in place prior to investment. Up to 100% exemption of the improved real property tax valuation for up to 15 years.
  • Economic Development Grant ProgramProvides a cash rebate of payroll taxes received by the city for businesses that expand or locate within Parma. An agreement must be in place prior to a payroll qualifying for rebate. Maximum 50% rebate for 15 years in city-wide locations. The Economic Development Review Board determines eligibility for participation and grant award.
  • Storefront Renovation ProgramA 50% matching grant on expenses incurred by a building owner or tenant desiring to upgrade, renovate and/or improve a commercial storefront in select census tracts within Parma. Maximum grant is $21,000. An agreement must be in place prior to the improvements.
  • Commercial Loan ProgramA low-interest loan available for start-up costs, equipment purchases, job creation, expansion and other costs associated with assisting in the growth of the enterprise. 1 job must be created for every $35,000 borrowed. Eligibility and project approval determined by the Loan Review Committee.

 

Location

Community Services & Economic Development
5517 State Road
Parma, OH 44134

Hours

Mon., Wed., & Fri.  
8:30 a.m. - 4:30 p.m.

Contact

(216) 661-7372
Fax: (216) 661-7407

Related Links

Residential Services