The city’s job creation grant program was created back in 2007 as an effort to attract new businesses to the city and to encourage existing businesses to expand.
Economic Development Director Kimberly Marshall presented the 2023 annual report for the city's Job Creation Grant program.MEDINA, Ohio –
“Through this program, eligible companies receive an annual grant payment based on a percentage of the income tax revenue they produce,” Marshall said. “These grants are funded through non-income tax generated funds.” Since the inception of the program a total of 1,341 full-time jobs and 122 part-time jobs have been created in the city. This is a combined annual payroll of more than $81 million and a combined annual municipal income tax revenue of more than $1.1 million.
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