The following list identifies many of the economic development incentives potentially available at the local level. In addition to local incentives, the Mount Vernon Economic Development Corporation staff will assist businesses in gaining maximum benefit from state, federal, and governmental incentives.
The granting of incentives by Mount Vernon Economic Development Corporation may depend upon level of the applicant's capital investment, number of jobs to be created, and Mount Vernon EDC account balances at time of application.
Applications must be submitted to Mount Vernon EDC for board approval before completion of construction.
Since economic development funds are garnered from public taxes, a public process is involved in receiving approvals. This includes posted public notices, public hearings, and approvals by both Mount Vernon Economic Development Corporation and Mount Vernon City Council. If applying for a Franklin County based incentive, approval by Franklin County Commissioners is required.