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Tax Incentive Program
The City of Kent offers Enterprise Zone and Community
Reinvestment Area tax incentive programs designed to provide property
tax relief to eligible businesses who build or expand in the City of
Kent. Provided below are brief descriptions of each program with downloading
links to receive copies of the applications.
Enterprise Zone Program
Enterprise Zones are designated areas within the City of Kent in
which businesses can receive tax exemptions on eligible investments
in buildings, machinery/equipment, and inventory, and improvements .
Through State of Ohio and Portage County authorizations, all of the
City of Kent has been designated as an Enterprise Zone, and is, therefore,
able to provide qualifying companies with tax abatements of up to 75%
of the value of new real and tangible personal property for a period
of up to 10 years. The City's objectives in establishing this designation
are to create new, and retain existing jobs within the City; to encourage
new investment; improve competitiveness; increase local property and
income tax revenues; and generally improve the economic climate of the
City. The benefits to an eligible company will be a reduction in their
overall tax requirement which may be used to off-set start-up or expansion
costs, and improvement of the company's competitive advantage vis-ˆ-vis
its competition. In addition, corporate franchise tax benefits may also
be available to the company for specific projects if certain conditions
are met.
To download a copy of the application form, please click

Community Reinvestment Area Program
Community Reinvestment Areas (CRA) are designated areas within the City of Kent
which permit businesses to apply for real property tax abatements on
the improved real estate value of a project. The purpose of this program
is to encourage property owners to reinvest within the City of Kent
by not having to pay real property taxes on the increased value of their
property for a given period of time (five to 15 years depending on the
project). Both new construction and remodeling of existing structures
for residential, commercial and industrial land uses are eligible for
CRA benefits.
To download a copy of the application form, please click

If you are interested in applying for this development incentive, it
is recommended that you contact Michael Weddle, City of Kent Economic
Development Coordinator by phone at (330) 678-8108, or via E-mail.
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