Incentives 

Our mission at Bowling Green Economic Development is to enrich the community through service, creativity, and collaboration. Our dedicated team is committed to maximizing local and state incentive programs to ensure every opportunity is pursued. Bowling Green offers a unique team of dedicated staff who walk hand-in-hand with your company to create an incentive package unique to your needs.

Incentives

The following incentives may be available to your company based on project details. Please contact our office for applications.

Real Estate Tax Abatement

Community Reinvestment Areas provide a ten-year real estate tax abatement on improvements to the property. Abatement can be requested for the construction of a new building or the improvement of the existing building through remodeling or an addition. Abatement cannot be requested for improvements to other parts of the property such as paving, fencing, landscaping, etc.

Economic Development Electric Rate Rider

The City of Bowling Green provides a competitively priced and highly reliable electric service.  Bowling Green offers an Economic Development Electric Rate Rider to all new and existing customers that increase KWH energy usage. The ED Rider offers a discount in the first four years of electric service at 35%, 25%, 15%, and 10% off the KWH energy rate.  As a Bowling Green customer, you will also enjoy a highly reliable electric service that has been recognized by the American Public Power Association as a Reliable Public Power Provider (RP3) and awarded the Certificate of Excellence in Reliability.  

Efficiency Smart Program

A free Efficiency Smart Program that provides energy efficiency consultation and potential rebates for completed efficiency recommendations.  

Energy Efficiency Revolving Loan Program

This EERLF loan is available to private for-profit enterprises. The loan is focused on eligible companies seeking to proceed with projects centered on the procurement of more energy-efficient depreciable assets. Loan amounts will be considered for up to 50% of the total cost of the energy-efficient project. The interest rate and terms of the loan will be 0% over the life of the loan.

City of Bowling Green Revolving Loan Program

The City's Revolving Loan Fund provides loans to businesses for start-ups and expansions, resulting in more jobs for low- and moderate-income persons. The Revolving Loan Fund is used as a supplement to private funding for businesses conducting start-ups and expansions. These low-interest loans generate a job for each $35,000 loaned. This program reduces the incidence of poverty in the City by developing jobs that must be filled by low- to moderate-income persons (using Wood County Median Income Eligibility Guidelines). The loans are issued at two-thirds of the prime-lending rate on the day of closing. Security is required. It is anticipated that the program will generate new jobs annually for persons at low- to moderate-income levels.



Additional local incentives may be available for new and existing businesses based on project specifications. Please contact our office for applications.