Job Creation Tax Credit Program

The City of Kent has created a Job Creation Tax Credit Program designed to provide companies with an incentive to locate, or expand, in the City. Qualifying companies may claim a refundable income tax credit against their City of Kent profit tax or individual income tax. The credit is up to 24% of the municipal income tax withheld on the qualifying new jobs for a term up to five years, or up to the term offered by the State of Ohio Job Creation Tax Credit Program.

Other program requirements:

• The program is restricted to non-retail oriented firms only.
• The program is open to those firms that are new to the City of Kent, or existing companies that are expanding, and who meet the program requirements.
• Depending on the projected payroll to be generated for each qualifying job, the required minimum number of full-time, or full-time equivalent jobs that must be created and maintained by the company within a three-year period is either 10 or 25 employees.
• For companies currently operating in the City of Kent, the existing employment and payroll figures must be maintained in addition to the creation of the requisite number of new jobs.
• New jobs must pay a wage rate at, or above, 150% of the Federal Minimum Wage.
• To be eligible, the company must concurrently secure a tax credit through the State of Ohio Job Creation Tax Credit program as specified by the Ohio Revised Code Section 122.17.
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If you are interested in applying for this development incentive, it is recommended that you contact Michael Weddle, the City of Kent Economic Development Coordinator by phone at (330) 678-8108, or via E-mail.

To view the Administrative Guidelines, please click:


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