Employee Creation Incentive Program

Program Description

The Employee Creation Incentive Program is a City-administered payroll withholding rebate program leveraging industrial, manufacturing and high technology businesses interested in relocating to Troy or expanding current Troy operations. This incentive is available only to businesses making a significant investment of capital, jobs and employee wealth in the City of Troy. 

Requirements

  • Create new jobs averaging 175% of current Ohio Minimum Wage
  • Commit new annual payroll for min. 10 years or clawbacks apply
  • For expansion projects, invest $20 million in capital improvements 

Incentive

  • 25% annual rebate of additional Troy payroll withholding
  • Rebate capped annually by project type 
  • Years of eligibility varies by project type and total investment 

General Process

  • Application must be submitted prior to project commencement 
  • Approval by Troy City Council
  • All other local, state and federal incentives must be explored 
  • Company must submit all documentation for annual verification

Program Brochure and Application

Click here to find out more and apply.