Incentive Grant Program
The incentive grant program is a flexible tool to ensure that Euclid is the most attractive location for investment. For large-scale business expansion or attraction projects involving the addition of at least 50 new jobs to the City of Euclid, the program can return a portion of the payroll taxes paid as a result of the project to the business in the form of a payroll tax rebate.
The purpose of the Incentive Grant Program is to leverage additional economic development resources or fill a critical gap in project financing. Incentive grants are provided on a case-by-case basis and require Council authorization.