To provide flexible funding for expensive projects, the City of Wadsworth works with the Cascade Capital Corporation, which administers the SBA 504 and the Ohio 166 loan programs.
The Job Creation Tax Credit program provides a refundable tax credit against a company's corporate franchise or income tax based on the state income tax withheld from new, full-time employees.
The Ohio Historic Preservation Tax Credit Program (OHPTC), administered by the Ohio Department of Development (ODOD), provides a tax credit to leverage the private redevelopment of historic buildings. This is a competitive program that receives applications bi-annually in March and September. Projects applying for the Ohio Historic Preservation Tax Credit may also apply for the 20% Federal Historic Investment Tax Credit (FHTC).