The Community Reinvestment Area (CRA) Tax Abatement Program offers real property tax abatement on the increase in assessed valuation of commercial and industrial property resulting from improvements. The program applies to new industrial and commercial construction including additions to existing buildings.
The City of Tallmadge New Jobs Program provides a monetary incentive in the form of an income tax rebate to businesses occupying new and/or existing industrial, commercial or retail buildings where such occupancy creates new jobs within the city.