INCENTIVES

A number of general and industry-specific programs are available. OCEDC will assist new and expanding industries in determining possible incentive advantages.

GENERAL INCENTIVES

  • Job Training Incentive Program
  • High Wage Jobs Tax Credit
  • Industrial Revenue Bonds
  • New Markets Tax Credit
  • Technology Jobs Tax Credit
  • Angel Investment Tax Credit
  • Rural Jobs Tax Credit

INDUSTRY SPECIFIC INCENTIVES

AEROSPACE/AVIATION

  • Aircraft Refurbishing or Remodeling Tax Deduction
  • Aerospace Research and Development Tax Deduction
  • Aircraft Manufacturing Tax Deduction
  • Space Gross Receipts Tax Deduction

AGRI-BUSINESS

  • Agricultural Business Tax Deductions and Exemptions

CLEAN AND RENEWABLE ENERGY

  • Advanced Energy Tax Credits
  • Renewable Energy Production Tax Credit
  • Alternative Energy Product Manufacturers Tax Credit
  • Solar Energy Systems Gross Receipts Tax Exemption
  • Biodiesel Blending Facility Tax Credit
  • Solar Market Development Income Tax Credit
  • Blended Biodiesel Fuel Tax Credit
  • Sustainable Building Tax Credit
  • Hybrid Vehicle Tax Exemption

CREATIVE MEDIA

  • 25% Film Production Tax Rebate
  • Film Investment Loan Program

TECHNOLOGY AND MANUFACTURING

  • Research and Development Small Business Tax Credit
  • Research and Development Gross Receipts Tax Deduction
  • Technology Jobs Tax Credit
  • Rural Software and Web Site Gross Receipts Tax Deduction

TELEMARKETING

  • Telemarketing Gross Receipts Tax Exemption