Business Services

Cuyahoga County Business Services

Economic Development and Community Services can assist a business in accessing and utilizing county-based programs for expansion or relocation within Parma.

  • Cuyahoga County Department of Development
  • Port of Cleveland Development Finance Overview

State of Ohio Business Services

Economic Development and Community Services can also assist a business in accessing and utilizing State of Ohio incentives for expansion or relocation within Parma.

  • Ohio Department of Development

Other Programs Offered to Businesses

  • Enterprise Zone Real and personal property benefits are available to a business that expands or locates in Parma. It is 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. These businesses can receive as much as 75% exemption on real property improvements or personal property tax valuation for up to 10 years.
  • Community Reinvestment Area provides local real-property tax incentives for residents and businesses that invest in designated areas of Parma. Incentives are 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 an investment and can receive as much as 100% exemption of the improved real property tax valuation for up to 15 years.
  • Economic Development Grant Program provides a cash rebate of payroll taxes the city receives for businesses that expand or locate within the city. To qualify for the rebate, an agreement must be in place prior to payroll. A maximum of 50% rebate for 15 years is available in citywide locations. The Economic Development Review Board determines eligibility for participation and grant awards.
  • Storefront Renovation Program A provides a 50% matching grant on expenses a building owner or tenant incurs for upgrades, renovations and/or improvements on a commercial storefront in select census tracts within Parma. The maximum grant is $21,000. An agreement must be in place prior to the improvements.