Incentives

Much of Hocking County and Logan offer potential employers Enterprise Zone status and a Community Investment Area. Couple the city of Logan’s Revolving Loan Fund with a private Community Improvement Corporation, and businesses cannot pass up a chance to learn more about this area.

The City of Logan and most of Hocking County are located in an Enterprise Zone. Tax abatements are negotiable up to 100% for 10 years.

Hocking County is included in a Foreign Trade Zone that also includes Rickenbacker Airport (freight), just 40 miles away by major highway.

Hocking County is a CRA Community Reinvestment Area (CRA) offering local and state tax incentives for businesses that expand or locate in Ohio. Local guidelines regulate the type of business and investment eligible for incentives.

Logan Revolving Loan Fund

The City of Logan Revolving Loan Fund is available to any start up or existing business located within the boundaries of the city of Logan or within 1.5 miles of city limits. Funds can be used for fixed assets and some working capital, but is to be used in conjunction with a band to fill the gap.

Requirements

• 50% must be from the bank, 5% cash equity from borrower
• Rates fixed; terms from 3-20 years
• Business plan required
• Loans range from $20,000 - $500,000
• One job must be created for every $15,000 loaned