Economic Development
The City strongly believes that investments in economic development activities are vital to job creation and attracting and retaining a talented workforce to fill newly created or available positions. Increased economic development will also stimulate investments in underutilized or vacant buildings and sites – which will strengthen the real estate market, increase property values, create a more walkable community and improve overall quality of life. Understanding that not all businesses or their needs are the same, the city offers various programs to assist business based on differing stages of development and growth.
Enterprise Zone Tax Abatement
Certain new construction or renovation projects may be eligible for multi-year real estate tax abatement on the increased real estate tax liability of their project. This abatement will provide real estate tax relief for a period of years and provide operations savings during the term of the abatement. All projects awarded real estate tax abatement under this program will be required to meet or exceed a negotiated level of capital investment, new job creation and new payroll.
Eligibility
For-profit entity developing or expanding a business enterprise in the City of Sandusky.
Program Fees
Initial Application - $750
Yearly Monitoring - $200
Program Requirements
The business must demonstrate job creation and retention within the Enterprise Zone
Enterprise Zone Agreement must be in place before the project begins
EZ grantees must submit annual information related to project investment, job creation, annual payroll and taxes paid
Download the Program Guidelines & Application
Economic Development Assistance Program
The Sandusky Economic Development Assistance Program is intended to spur and support economic
development activities within the City of Sandusky. Financial assistance is available for new
or expanding businesses and/or property owners that will positively affect the economic and employment
climates in the City of Sandusky.
The City strongly believes that investments in economic development activities are vital to job creation
and attracting and retaining a talented workforce to fill newly created or available positions. Increased
economic development will also stimulate investments in underutilized or vacant buildings and sites –
which will strengthen the real estate market, increase property values, create a more walkable community
and improve overall quality of life.
Download the Program Guidelines & Application