Cleveland’s Job Creation Incentive Program aims to attract and retain companies in the city limits. Businesses transferring to Cleveland or increasing throughout the city that may create at least 5 new full-time W-2 jobs can apply for grants. Grant amounts are determined based mostly on new payroll and earnings tax generated by every enterprise. Grants can cowl up to 0.5 percent of latest payroll for up to 3 years. There’s additionally a $5,000 Moving Assistance Grant that relocating companies could use at the side of this help. This may present a larger grant award to companies that primarily present providers.
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