Cleveland’s Job Creation Incentive Program goals to attract and retain companies in the city limits. Businesses transferring to Cleveland or expanding throughout the metropolis that may create a minimal of five new full-time W-2 jobs can apply for grants. Grant quantities are decided based mostly on new payroll and revenue tax generated by each enterprise. Grants can cowl up to zero.5 p.c of latest payroll for up to three years. There’s additionally a $5,000 Moving Assistance Grant that relocating businesses might use in conjunction with this help. This may also provide a larger grant award to businesses that primarily present companies.
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- Businesses can apply for extra assistance for SBA funded projects.
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