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.
Pre-existing businesses, located within the City of Tallmadge, that create new jobs resulting in new payroll, excluding benefits, in excess of $250,000 within a one-year period;
New businesses, other than retail, moving into Tallmadge and creating new jobs resulting in a minimum of $500,000 in new annual payroll all at one time, excluding benefits;
New retail businesses moving into Tallmadge and creating new jobs resulting in a minimum of $1,000,000 in new annual payroll all at one time, excluding benefits.
The term of the grant period is 5 years for all businesses and grant awards are based upon the published Incentive Payment Schedule and subject to verification of Qualifying New Payroll by the City of Tallmadge Finance Director.
An application must be submitted to the City of Tallmadge Economic Development Office and, upon acceptance, is subject to City Council approval.
Please contact the Economic Development Office at 330-633-5127 (or click here) to assist you with your business and development needs.