It can be challenging getting your business started. The Department of Economic Development is here to help provide resources and assistance to get your business started, including connecting you with financial incentives. Below is a list of incentives with a brief description. Reach out to the Department of Economic Development to talk through your business idea and how the City can connect you with incentives that can launch you to success.
Property Tax Abatement
The City’s Property Tax Abatement Program was recently updated (Ordinance 2020-39) to include new construction and renovation/addition to commercial and mixed-use projects are eligible for property tax incentives, providing they meet certain criteria. Property Tax Abatement for commercial and industrial projects is subject to the terms of a development incentive agreement negotiated between the business, the City, and the Maple Heights School District. Businesses interested in Property Tax Abatement should contact the Department of Economic Development at the start of planning to discuss the project and the process.
Small Business Partnership Program
The Maple Heights Small Business Partnership Program offers qualifying small businesses with a 15% performance grant which will supplement their own equity contribution of 10% to a project. This program is a public private partnership between the City of Maple Heights, Cuyahoga County Department of Development and the Small Business Administration. Project funding consists of an SBA Loan from a Participating Lender, performance grant from the City of Maple Heights and owner equity. Learn more on the Small Business Partnership Program webpage.